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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Warehouses
2820 Commerce Blvd Irondale, AL 35210-1216
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-1026722
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
18,688 SF
Lot
5.19 ac (226,164 SF)
Zoning code
I1
APN
24-00-19-2-000-004.000
UPID
US03-1026722
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
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.99M
Owner & transaction history
T J Mark LLC · 1 yrs held
T J Mark LLC
since 2025
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
I1 · Irondale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+130.2%
Commercial (general)
$3.0M
+124.4%
Auto repair, garage
$3.0M
+121.6%
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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,355,000
Current use
OFFICE BUILDING
$3,125,000
Change: +130% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,045,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,010,000
Change: +122% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.56M (Mar 2 2025)
Last sale anchor
$2.56M
Mar 2 2025
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
$106 / 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
$25,427
Tax year 2022
Assessed value
$534,360
Assessed 2023
Previous assessed
$449,240
+18.9% YoY
Effective rate
4.76%
On assessed value
Assessed land
$111,910
Assessed improvement
$422,450
Land market value
$565,500
Improvement market value
$2,134,700
Total market value
$2,700,200
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
18,688 SF
Lot
5.19 ac (226,164 SF)
Zoning code
I1
APN
24-00-19-2-000-004.000
UPID
US03-1026722
Jurisdiction
JEFFERSON
Zoning & alternative use
I1 · Irondale, AL
Zoning I1 · permitted uses
I1 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1972
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
5.19 ac
Current owner
From public records · entity-resolved
T J Mark LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 101807, BIRMINGHAM, AL 35210-6807
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
$2,557,414
T J Mark LLC
M T Deason Family Partnership LLC
Warranty Deed
—
Aug 1, 1988
$382,438
Wolseley Real Estate INC
—
Deed Of Trust
related
—
—
—
Deason Family Ptshp Ltd
—
Deed Of Trust
related
$260,000 · Amsouth Bk
—
—
Deason Family Ptshp Ltd
—
Deed Of Trust
related
$1,400,000 · Servisfirst Bk
—
—
Deason Family Ptshp Ltd
—
Deed Of Trust
related
$400,000 · Amsouth 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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