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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Banks
255 5th St Ashville, AL 35953-3242
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-1361349
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1976
Construction
WOOD
Total area
7,924 SF
Lot
1.21 ac (52,800 SF)
Zoning code
1
APN
11-03-07-0-001-024.000
UPID
US03-1361349
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$428k
Blend (final)
Blend
$585k
Owner & transaction history
St Clair County Commission · 1 yrs held
St Clair County Commission
since 2024
Last sale
$585,000
5 recorded transactions
Zoning & alternative use
1 · Ashville, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$860,000
+56.7%
Restaurant
$740,000
+34.9%
Commercial (general)
$665,000
+20.8%
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 Ashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashville 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
$585,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$550,000
Current use
RETAIL STORES
$860,000
Change: +57% · Conversion: Difficult
RESTAURANT
$740,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $585k (Nov 22 2024)
Last sale anchor
$585k
Nov 22 2024
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
$74 / 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
$7,194
Tax year 2022
Assessed value
$193,774
Assessed 2023
Previous assessed
$199,818
-3.0% YoY
Effective rate
3.71%
On assessed value
Assessed land
$19,080
Assessed improvement
$174,694
Land market value
$95,400
Improvement market value
$873,470
Total market value
$968,870
Applied tax rate
1.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
7,924 SF
Lot
1.21 ac (52,800 SF)
Zoning code
1
APN
11-03-07-0-001-024.000
UPID
US03-1361349
Jurisdiction
ST CLAIR
Zoning & alternative use
1 · Ashville, AL
Zoning 1 · permitted uses
1 · Ashville, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$550,000
RETAIL STORES
Est. value
$860,000
RESTAURANT
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$665,000
MEDICAL BUILDING
Est. value
$585,000
FINANCIAL BUILDING Current
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
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
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
St Clair County Commission
Entity
Free & Clear · 1 yrs held
Mailing address
1900 DALROCK RD, ROWLETT, TX 75088-5526
Ownership since
2024
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
Nov 22, 2024
$585,000
St Clair County Commission
Lyman A Lovejoy
Warranty Deed
—
Nov 7, 2024
$550,000
Lyman A Lovejoy
Truop46 LLC
Warranty Deed
—
Oct 23, 2024
$250,000
Truop46 LLC
Truist Bank
Special Warranty Deed
—
May 2, 2018
$85,000
Jalene M R Pesapanen
Pelham-ruggieri,pamela E
Quit Claim Deed
related
—
Aug 9, 2010
—
Branch Bkng & Trust Co
Colonial Bk
Grant Deed
related
—
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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