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Property profile & analytics
OFF-MARKET
Estimated value
$10,755,000
Grocery and convenience stores
2305 Jordan Rd Huntsville, AL 35811
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-2946935
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
42,148 SF
Lot
6.93 ac (301,914 SF)
APN
17-02-03-3-004-048.002
UPID
US03-2946935
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.20M
CAP Approach
CAP
$7.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.76M
Owner & transaction history
EXCHANGERIGHT ESSENTIAL INCOME STRA · 5 yrs held
EXCHANGERIGHT ESSENTIAL INCOME STRA
since 2021
Last sale
$12.6M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.5M
+31.6%
Office building
$6.7M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$14,035,000
ML approach
$11,200,000
CAP Approach
CAP Return
Estimation
6%
$8,585,000
6.5%
$7,925,000
7%
$7,360,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,480,000
Current use
MEDICAL BUILDING
$8,530,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$6,705,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$10.76M
Range $9.68M – $11.83M · ±10% · vs last sale $12.63M (Jan 14 2021)
Last sale anchor
$12.63M
Jan 14 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$255 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,654
Tax year 2023
Assessed value
$580,240
Assessed 2023
Previous assessed
$536,460
+8.2% YoY
Effective rate
5.80%
On assessed value
Assessed land
$181,140
Assessed improvement
$399,100
Land market value
$905,700
Improvement market value
$1,995,500
Total market value
$2,901,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
42,148 SF
Lot
6.93 ac (301,914 SF)
APN
17-02-03-3-004-048.002
UPID
US03-2946935
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$8.5M
OFFICE BUILDING
Est. value
$6.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
6.93 ac
Current owner
From public records · entity-resolved
EXCHANGERIGHT ESSENTIAL INCOME STRA
Individual
Free & Clear · 5 yrs held
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$12,626,324
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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