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Property profile & analytics
FOR SALE
Industrial land
255 Blake Bottom Rd Huntsville, AL 35810
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-2166616
For Sale
1 / 10
$5,500,000
255 Blake Bottom Rd, Huntsville, AL 35810
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
59 ac (2,570,040 SF)
APN
14-04-17-0-002-004.000
UPID
US03-2166616
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
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Lakshmi Properties LLC · 6 yrs held
Lakshmi Properties LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,985,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.50M (Mar 18 2020)
Last sale anchor
$1.50M
Mar 18 2020
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
—
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
$10,846
Tax year 2023
Assessed value
$187,000
Assessed 2023
Previous assessed
$187,000
+0.0% YoY
Effective rate
5.80%
On assessed value
Assessed land
$187,000
Land market value
$935,000
Total market value
$935,000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Heating
NONE
Lot
59 ac (2,570,040 SF)
APN
14-04-17-0-002-004.000
UPID
US03-2166616
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
Building & site characteristics
From public records
Heating
NONE
Lot
59 ac
Current owner
From public records · entity-resolved
Lakshmi Properties LLC
Entity
Mailing address
4320 UNIVERSITY DR NW, HUNTSVILLE, AL 35816-3011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Lakshmi Property LLC
—
Deed
related
$2,650,000 · First Commerce Bank
Nov 20, 2020
—
Lakshmi Property LLC
—
Deed
related
$6,500,000 · First Cmrc Bk
Mar 18, 2020
$1,500,000
Lakshmi Properties LLC
Mclain Commerical Land Investments
Deed
$1,200,000 · First Commerce Bank
Jul 13, 2018
—
Mclain Coml Land Invs LLC
—
Deed
related
$109,900 · Dewey H Brazelton
Feb 3, 2017
—
Mclain Coml Land Invs LLC
—
Deed
related
$220,000
Nov 16, 2016
—
Mclain Coml Land Invs LLC
—
Deed
related
$300,000 · Dewey H Brazelton
Oct 7, 2016
—
Mclain Coml Land Invs LLC
—
Deed
related
$75,000 · Dewey H Brazelton
Mar 3, 2008
$5,454,500
Mclain Coml Land Invs LLC
Mclain Eugene M
Warranty Deed
related
—
—
—
Mclain Coml Land Invs LLC
—
Deed Of Trust
$165,000 · Dewey H Brazelton
—
—
Mclain Coml Land Invs LLC
—
Deed Of Trust
related
$75,000 · Dewey H Brazelton
—
—
Mclain Coml Land Invs LLC
—
Deed Of Trust
related
$300,000 · Dewey H Brazelton
—
—
Mclain Coml Land Invs LLC
—
Deed Of Trust
related
$220,000
—
—
Mclain Coml Land Invs LLC
—
Deed Of Trust
related
$109,900 · Dewey H Brazelton
—
—
Lakshmi Property LLC
—
Deed Of Trust
related
$6,500,000 · First Cmrc 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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