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Property profile & analytics
OFF-MARKET
Estimated value
$12,115,000
Retail space
2900 Memorial SW Pkwy Huntsville, AL 35801-5634
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0639278
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
63,462 SF
Lot
8.1 ac (352,662 SF)
APN
17-01-12-2-002-051.000
UPID
US03-0639278
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
-
VFW Post 2702 Advocacy Group Social Service Agency
-
Rocket City Tax Professionals Consultant
-
Academy Sports + Outdoors (Bike/Boat/Book/etc) Store
-
ecoATM Electronics Vending Machine Atm
-
Books-A-Million (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.94M
Comparable Approach
Comparable
$15.44M
Blend (final)
Blend
$12.12M
Owner & transaction history
Huntsville Jv LLC
Huntsville Jv LLC
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.6M
+47.5%
Office building
$12.0M
+29.5%
Commercial (general)
$9.4M
+1.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,925,000
6.5%
$11,935,000
7%
$11,080,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,240,000
Current use
MEDICAL BUILDING
$13,630,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$11,965,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,405,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$12.12M
Range $10.90M – $13.33M · ±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
$191 / 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
$105,490
Tax year 2023
Assessed value
$1,818,800
Assessed 2023
Previous assessed
$1,642,320
+10.7% YoY
Effective rate
5.80%
On assessed value
Assessed land
$317,400
Assessed improvement
$1,501,400
Land market value
$1,587,000
Improvement market value
$7,507,000
Total market value
$9,094,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
63,462 SF
Lot
8.1 ac (352,662 SF)
APN
17-01-12-2-002-051.000
UPID
US03-0639278
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$13.6M
OFFICE BUILDING
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$9.4M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
8.1 ac
Current owner
From public records · entity-resolved
Huntsville Jv LLC
Entity
Mailing address
810 7TH AVE FL, NEW YORK, NY 10019-5818
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Huntsville Jv LLC
—
Deed Of Trust
related
$6,752,150 · Israel Discount Bk/ny
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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