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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Grocery and convenience stores
2924 Morgan Rd Bessemer, AL 35022-6450
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0093419
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Total area
3,720 SF
Lot
0.91 ac (39,559 SF)
Zoning code
SC1
APN
38-00-35-4-005-006.000
UPID
US03-0093419
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
-
Texaco Bessemer Auto Repair Shop
-
LibertyX Bitcoin ATM Atm
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Holmes Oil Co INC · 17 yrs held
Holmes Oil Co INC
since 2008
2 recorded transactions
Zoning & alternative use
SC1 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$590,000
+12.8%
Auto repair, garage
$525,000
+0.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Current use
MEDICAL BUILDING
$590,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$525,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$167 / 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
$13,680
Tax year 2022
Assessed value
$226,100
Assessed 2023
Previous assessed
$199,120
+13.5% YoY
Effective rate
6.05%
On assessed value
Assessed land
$63,300
Assessed improvement
$162,800
Land market value
$316,500
Improvement market value
$814,000
Total market value
$1,130,500
Applied tax rate
52.0000
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
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
1
Total area
3,720 SF
Lot
0.91 ac (39,559 SF)
Zoning code
SC1
APN
38-00-35-4-005-006.000
UPID
US03-0093419
Jurisdiction
JEFFERSON
Zoning & alternative use
SC1 · Bessemer, AL
Zoning SC1 · permitted uses
SC1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Holmes Oil Co INC
Entity
Free & Clear · 17 yrs held
Mailing address
133 SKYLAND BLVD, TUSCALOOSA, AL 35405-4014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 31, 2008
—
Holmes Oil Co INC
Owner Name Unavailable
Grant Deed
related
—
Sep 1, 1996
$100,000
New Owner
Savage,clyde E
Grant Deed
related
—
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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