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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Investment properties
2691 Pelham Pkwy, Pelham, AL 35124-1354
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-1817366
Property summary
AI-generated overview
This exceptional 1,700 square foot retail space is located at 2691 Pelham Parkway in Pelham, Alabama, zip code 35124. The property, built in 2006, is situated on a 4-lane divided highway with a median cut and four-way traffic light, ensuring high visibility and accessibility. Boasting abundant parking and a prime location in a high-growth area, this single-tenant space offers excellent exposure to a substantial daily traffic count of 33,990 vehicles. Convenient access to Interstate 65 via exits 246 or 242 further enhances its strategic advantage. The building itself is a 13,800 square foot, single-story strip mall zoned B-2 by the City of Pelham. The unit features both front and rear doors, allowing for convenient access and flexibility. Prominent marquee signage on Pelham Parkway and additional façade signage opportunities provide exceptional branding potential. This property presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving Alabama market.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2006
Total area
13,776 SF
Lot
1.84 ac (80,325 SF)
APN
131121001004003
UPID
US03-1817366
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
-
Accelerated Physical Therapy Physician
-
Alfa Insurance Insurance Agency
-
Sapp's Fitness Garage Gym & Fitness Center
-
Cakes Las Comadres Restaurant
-
Penske Truck Rental Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.20M
Owner & transaction history
Fam Properties LLC · 2 yrs held
Fam Properties LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+41.1%
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
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
COMMERCIAL (GENERAL)
$1,785,000
Current use
MEDICAL BUILDING
$2,520,000
Change: +41% · Conversion: Easy
RETAIL STORES
$1,720,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$1,695,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$160 / 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
$22,246
Tax year 2023
Assessed value
$383,560
Assessed 2023
Previous assessed
$383,560
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$668,300
Improvement market value
$1,249,500
Total market value
$1,917,800
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
13,776 SF
Lot
1.84 ac (80,325 SF)
APN
131121001004003
UPID
US03-1817366
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
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Fam Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2858 PELHAM PKWY, PELHAM, AL 35124-1707
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
Fam Properties LLC
Steve Issis SR.
Warranty Deed
—
Oct 23, 2006
$2,400,000
Boulevard Realty LLC
Sno INC
Warranty Deed
$1,500,000 · Regions 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.
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