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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Grocery and convenience stores
2717 Virginia Dr Bessemer, AL 35023-5713
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0753567
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1981
Total area
2,710 SF
Lot
1.1 ac (47,916 SF)
Zoning code
I3C1R1
APN
31-00-35-4-000-016.002
UPID
US03-0753567
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
-
Citgo Gas Station
-
Virginia Mines Grocery Grocery & Convenience Store
-
Thrasher's Convenience Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$1.00M
Owner & transaction history
His Light Properties LLC · 1 yrs held
His Light Properties LLC
since 2025
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
I3C1R1 · Bessemer, AL
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 Bessemer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bessemer 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
$965,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.03M (Dec 26 2024)
Last sale anchor
$1.03M
Dec 26 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
$369 / 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
$2,625
Tax year 2022
Assessed value
$96,760
Assessed 2023
Previous assessed
$43,680
+121.5% YoY
Effective rate
2.71%
On assessed value
Assessed land
$43,120
Assessed improvement
$53,640
Land market value
$215,600
Improvement market value
$268,200
Total market value
$483,800
Applied tax rate
64.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,710 SF
Lot
1.1 ac (47,916 SF)
Zoning code
I3C1R1
APN
31-00-35-4-000-016.002
UPID
US03-0753567
Jurisdiction
JEFFERSON
Zoning & alternative use
I3C1R1 · Bessemer, AL
Zoning I3C1R1 · permitted uses
I3C1R1 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bessemer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
His Light Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3065 IRIS DR, HOOVER, AL 35244-5078
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
$1,025,000
His Light Properties LLC
Vallabh LLC
Warranty Deed
—
Aug 25, 2022
$1,250,000
Vallabh LLC
Wood & Wood INC
Warranty Deed
$1,320,000 · Readycap Lending
Sep 1, 1991
$110,000
William M Wood
Unknown
Grant 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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