Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
2491 Pelham Pkwy Pelham, AL 35124-1318
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-0436563
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
5,698 SF
Lot
1.12 ac (48,787 SF)
APN
143062001011000
UPID
US03-0436563
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
-
Holliman & Holliman, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$925k
Owner & transaction history
Clarity Investments LLC · 1 yrs held
Clarity Investments LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+48.4%
Commercial (general)
$740,000
+5.2%
Retail stores
$710,000
+1.4%
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 Pelham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pelham 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
$900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$700,000
Current use
MEDICAL BUILDING
$1,040,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$740,000
Change: +5% · Conversion: Easy
RETAIL STORES
$710,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.25M (Apr 15 2025)
Last sale anchor
$1.25M
Apr 15 2025
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
$162 / 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
$9,715
Tax year 2023
Assessed value
$165,760
Assessed 2023
Previous assessed
$165,760
+0.0% YoY
Effective rate
5.86%
On assessed value
Land market value
$261,300
Improvement market value
$567,460
Total market value
$828,760
Applied tax rate
8.0000
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
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
8
Bathrooms
1
Total area
5,698 SF
Lot
1.12 ac (48,787 SF)
APN
143062001011000
UPID
US03-0436563
Jurisdiction
SHELBY
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
$700,000
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$710,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Clarity Investments LLC
Entity
Mailing address
2491 PELHAM PKWY, PELHAM, AL 35124-1318
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
—
Clarity Investments LLC
—
Deed
related
$866,000 · Southern Development Council
Apr 15, 2025
$1,250,000
Clarity Investments LLC
H & H Leasing LLC
Warranty Deed
$1,894,500 · Central State Bank
Sep 20, 2017
—
H & H Leasing LLC
—
Deed
related
$571,000 · Servisfirst Bk
Apr 30, 2009
—
H & H Leasing LLC
Owner Name Unavailable
Grant Deed
related
—
Feb 5, 2009
$10,000
H & H Leasing LLC
Holliman,john R
Warranty Deed
—
Feb 21, 2008
$10,000
H & H Leasing LLC
Holliman,james A
Warranty Deed
—
Dec 6, 2007
$10,000
James A Holliman
Holliman,james A
Warranty Deed
related
—
—
—
H & H Leasing LLC
—
Deed Of Trust
related
$475,000 · Servisfirst Bk
—
—
H & H Leasing LLC
—
Deed Of Trust
related
$571,000 · Servisfirst Bk
—
—
H&h Leasing LLC
—
Deed Of Trust
related
$481,315 · Merchants & Farmers Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2491 Pelham Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
