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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Investment properties
2612 Decatur Hwy Gardendale, AL 35071-2116
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-3108775
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Total area
9,818 SF
Lot
1.3 ac (56,715 SF)
Zoning code
B2
APN
07-00-35-1-004-008.008
UPID
US03-3108775
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
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.85M
Owner & transaction history
Jrd Properties LLC · 4 yrs held
Jrd Properties LLC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
B2 · Gardendale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+117.5%
Apartment house (5+ units)
$2.0M
+69.3%
Medical building
$1.6M
+35.6%
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 Gardendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardendale 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
$1,740,000
ML approach
$1,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,155,000
Current use
RESTAURANT
$2,505,000
Change: +118% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,950,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$1,565,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,390,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,385,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.89M (Sep 14 2021)
Last sale anchor
$1.89M
Sep 14 2021
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
$188 / 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
$21,184
Tax year 2022
Assessed value
$404,160
Assessed 2023
Previous assessed
$352,480
+14.7% YoY
Effective rate
5.24%
On assessed value
Assessed land
$204,200
Assessed improvement
$199,960
Land market value
$1,021,000
Improvement market value
$999,800
Total market value
$2,020,800
Applied tax rate
10.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
9,818 SF
Lot
1.3 ac (56,715 SF)
Zoning code
B2
APN
07-00-35-1-004-008.008
UPID
US03-3108775
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Gardendale, AL
Zoning B2 · permitted uses
B2 · Gardendale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Jrd Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 4293, CHATTANOOGA, TN 37405-0293
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
$1,893,027
Jrd Properties LLC
Kala Dg Gardendale LLC
Warranty Deed
—
Jul 17, 2017
$1,633,000
Kala Dg Gardendale LLC
Gardendale Decatur Hwy Dg Ll
Grant Deed
related
—
May 4, 2017
$1,633,000
Kala Dg Gardendale LLC
Gardendale Decatur Hwy Dg Ll
Warranty Deed
—
Oct 24, 2016
$235,000
Gardendale Decatur Hwy Dg Ll
Ivan Property LLC
Warranty Deed
—
May 15, 2007
$85,300
Ivan Property LLC
Gardendale Pob LLC
Warranty Deed
—
May 15, 2007
—
Gardendale Pob LLC
Hudson,nolan L
Warranty Deed
related
—
Jun 8, 2005
$70,000
Hudson,nolan L & Michael K
J & J Properties LLC
Warranty Deed
—
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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