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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
246 Steele Sta Rd Gadsden, AL 35906-3345
Entity Owned
Free & Clear
Property ID
US03-2710381
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
CONCRETE BLOCKS
Total area
9,672 SF
Lot
3.32 ac (144,619 SF)
APN
15-04-18-0-001-071.004-DIST17
UPID
US03-2710381
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
-
Heidelberg Materials, Concrete Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$600k
Owner & transaction history
SHERMAN INTERNATIONAL CORP, INC
SHERMAN INTERNATIONAL CORP, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$780,000
+73.9%
Medical building
$680,000
+51.7%
Retail stores
$600,000
+33.8%
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 Gadsden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gadsden 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%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$450,000
Current use
RESTAURANT
$780,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +34% · Conversion: Moderate
COMMERCIAL (GENERAL)
$430,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$62 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,939
Tax year 2024
Assessed value
$96,080
Assessed 2024
Previous assessed
$116,960
-17.9% YoY
Effective rate
4.10%
On assessed value
Assessed land
$1,160
Assessed improvement
$94,920
Land market value
$5,800
Improvement market value
$474,600
Total market value
$480,400
Applied tax rate
17.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Rooms
1
Total area
9,672 SF
Lot
3.32 ac (144,619 SF)
APN
15-04-18-0-001-071.004-DIST17
UPID
US03-2710381
Jurisdiction
ETOWAH
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
$450,000
RESTAURANT
Est. value
$780,000
MEDICAL BUILDING
Est. value
$680,000
RETAIL STORES
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$430,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1995
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
1
Lot
3.32 ac
Current owner
From public records · entity-resolved
SHERMAN INTERNATIONAL CORP, INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 52427, ATLANTA, GA 30355-0427
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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