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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Retail space
240 Hwy 31st NW Hartselle, AL 35640
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-1665890
Property summary
AI-generated overview
Morgan Plaza Retail Center in Hartselle, Alabama, presents a prime retail opportunity. Located at 240 Highway 31, zip code 35640, this center offers 14,200 square feet of commercial space, with 4,200 square feet currently vacant. The property is situated in Morgan County and benefits from high visibility and easy accessibility. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 3,000 square feet, providing flexibility for various retail businesses. The center enjoys a strong anchor tenant lineup, including national brands CVS Pharmacy and Planet Fitness, ensuring high foot traffic and a vibrant retail environment. A convenient traffic signal at the property's entrance ensures easy ingress and egress for customers and employees. This location offers excellent exposure along Highway 31, making it an ideal location for businesses seeking high visibility and convenient access for customers. The property's total square footage is 14,200 square feet, with multiple tenancy options available. This is a fantastic opportunity to establish or expand your retail presence in a thriving community. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
73,090 SF
Lot
5.45 ac (237,392 SF)
APN
15-05-15-1-015-003.000
UPID
US03-1665890
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
Current use
Occupant on record · Public records
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CDReload - Online Bitcoin ATM Currency Exchange Service Atm
-
Coinhub Bitcoin ATM Teller Atm
-
CDReload at CVS Crypto Atm
-
Penske Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$4.20M
Owner & transaction history
Tong S Chiou · 9 yrs held
Tong S Chiou
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hartselle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartselle 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10%
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
$57 / 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
$19,873
Tax year 2023
Assessed value
$504,380
Assessed 2023
Previous assessed
$364,200
+38.5% YoY
Effective rate
3.94%
On assessed value
Assessed land
$60,300
Assessed improvement
$444,080
Land market value
$301,500
Improvement market value
$2,220,400
Total market value
$2,521,900
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
23
Total area
73,090 SF
Lot
5.45 ac (237,392 SF)
APN
15-05-15-1-015-003.000
UPID
US03-1665890
Jurisdiction
MORGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
23
Lot
5.45 ac
Current owner
From public records · entity-resolved
Tong S Chiou
Individual
Mailing address
783 JABO DR, KILLEN, AL 35645-8425
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2017
$230,000
Tong S Chiou
Michael D English
Warranty Deed
$1,245,000 · National Bank Of Commerce
Jan 31, 2017
—
Cpac Funding LLC
Cf Properties LLC
Warranty Deed
—
May 6, 2015
$1,640,715
Michael D English
2nd Avenue Properties LLC
Deed Of Distribution
—
May 6, 2015
—
Michael D English
Eaton Real Estate Investments LLC
Warranty Deed
—
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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