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Property profile & analytics
OFF-MARKET
Estimated value
$4,395,000
Office buildings
248 Dunlop SW Blvd Huntsville, AL 35824-1102
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US03-0629620
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
MIXED
Total area
29,400 SF
Lot
80 ac (3,484,800 SF)
APN
16-08-28-0-000-018.000
UPID
US03-0629620
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
-
Science and Engineering Services Industrial Manufacturer Production Facility
-
Science and Engineering Services, LLC Aviation Consultant
-
Advanced Precision Parts Logistics Company Moving Company
-
Mitchell Industrial Contractor General Contractor
-
Doug Johnson Contracting Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$4.40M
Owner & transaction history
Dunlop Blvd R & E LLC · 7 yrs held
Dunlop Blvd R & E LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.0M
+27.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,680,000
Current use
MEDICAL BUILDING
$5,950,000
Change: +27% · Conversion: Easy
RETAIL STORES
$4,520,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,355,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$4.40M
Range $3.96M – $4.83M · ±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
$149 / 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
$256,246
Tax year 2023
Assessed value
$8,401,520
Assessed 2023
Previous assessed
$6,256,200
+34.3% YoY
Effective rate
3.05%
On assessed value
Assessed land
$176,000
Assessed improvement
$8,225,520
Land market value
$880,000
Improvement market value
$41,127,600
Total market value
$42,007,600
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Buildings
8
Stories
1
Units
1
Bathrooms
1
Total area
29,400 SF
Lot
80 ac (3,484,800 SF)
APN
16-08-28-0-000-018.000
UPID
US03-0629620
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
OFFICE BUILDING Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING Current
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
1969
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Units
1
Bathrooms
1
Lot
80 ac
Current owner
From public records · entity-resolved
Dunlop Blvd R & E LLC
Entity
Mailing address
248 DUNLOP BLVD SW, HUNTSVILLE, AL 35824-1102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2018
$30,834,000
Dunlop Blvd R & E LLC
Long Term Cap LLC
Warranty Deed
$30,000,000 · Miscellaneous Ins Co
Nov 22, 2013
$27,450,000
Long Term Capital LLC
Huntsville Business Park LLC
Grant Deed
$22,950,000 · Regions Bk/fayette
Dec 31, 2012
—
Huntsville Business Park LLC
—
Deed Of Trust
related
$17,928,469 · Db Private Wealth Mortgage
Dec 28, 2010
—
Huntsville Business Park LLC
—
Deed Of Trust
related
$18,542,207 · Db Private Wealth Mortgage
Oct 30, 2009
—
Huntsville Business Park LLC
—
Deed Of Trust
related
$16,500,000 · Db Private Wealth Mortgage
Aug 23, 2005
—
The Goodyear Tire & Rubber Co
Huntsville Business Park LLC
Limited Warranty Deed
—
—
—
Long Term Capital LLC
—
Deed Of Trust
related
$30,000,000 · Miscellaneous Ins Co
—
—
Huntsville Business Park LLC
—
Deed Of Trust
related
$1,650,000 · Merrill Lynch Capital
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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