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Property profile & analytics
OFF-MARKET
Estimated value
$35,285,000
Distribution centers
2415 Us Hwy 78 Leeds, AL 35094-4028
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-1548622
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
595,490 SF
Lot
42 ac (1,829,520 SF)
APN
26-01-12-0-001-001.006
UPID
US03-1548622
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.29M
Owner & transaction history
Stag Industrial Holdings LLC · 4 yrs held
Stag Industrial Holdings LLC
since 2021
Last sale
$36.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$55.7M
+139.0%
Medical building
$43.8M
+88.1%
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 Leeds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leeds 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
$33,855,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,300,000
Current use
RESTAURANT
$55,680,000
Change: +139% · Conversion: Difficult
MEDICAL BUILDING
$43,835,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$35.29M
Range $31.76M – $38.81M · ±10% · vs last sale $36.00M (Aug 30 2021)
Last sale anchor
$36.00M
Aug 30 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
$59 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$126,752
Tax year 2022
Assessed value
$3,016,786
Assessed 2023
Previous assessed
$2,485,350
+21.4% YoY
Effective rate
4.20%
On assessed value
Assessed land
$105,000
Assessed improvement
$2,911,786
Land market value
$525,000
Improvement market value
$14,558,930
Total market value
$15,083,930
Applied tax rate
4.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
595,490 SF
Lot
42 ac (1,829,520 SF)
APN
26-01-12-0-001-001.006
UPID
US03-1548622
Jurisdiction
ST CLAIR
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
WAREHOUSE, STORAGE Current
Est. value
$23.3M
RESTAURANT
Est. value
$55.7M
MEDICAL BUILDING
Est. value
$43.8M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL 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
2004
Heating
YES
Cooling
Yes
Stories
1
Lot
42 ac
Current owner
From public records · entity-resolved
Stag Industrial Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 FEDERAL ST FL #23, BOSTON, MA 02110-2031
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$36,000,000
Stag Industrial Holdings LLC
Gateway Properties LP
Special Warranty Deed
—
Jan 5, 2021
—
Gateway Properties LP
—
Deed
related
$15,000,000 · Regions Bk
Jul 29, 2020
$21,000,000
Gateway Properties LP
Lexington Moody LP
Warranty Deed
—
Feb 26, 2004
—
Lexington Moody
Hs Bluebird LLC
Grant Deed
related
—
—
—
Gateway Properties LP
—
Deed Of Trust
related
$15,000,000 · Regions Bk
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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