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2931 Morgan Rd, Bessemer, AL 35022
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Property summary
AI-generated overview
This freestanding, single-tenant building offers 2,897 square feet of space, including a drive-thru. Situated on a 0.86-acre lot in Bessemer, Alabama, this former quick-service restaurant enjoys a prime location on Morgan Road, providing easy access from Interstate 459 via Exit 6. The property benefits from high traffic counts and excellent visibility. The building is a one-story structure, and the entire space is currently vacant, presenting a unique opportunity for a variety of restaurant or retail concepts. The area surrounding the property has experienced significant growth and development, making it a strategically advantageous location. Its proximity to key highways and a burgeoning industrial base ensures a strong potential customer base. The property's size and features make it ideal for a business seeking high visibility and convenient access for customers. Jefferson County location offers additional benefits for business owners. This is a rare opportunity to acquire a well-positioned property in a thriving area. The vacant building is ready for immediate occupancy and customization to suit a new tenant's needs.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Total area
3,058 SF
Lot
0.9 ac (39,204 SF)
Zoning code
C3
APN
38-00-36-3-004-018.005
UPID
US03-0373618
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant Take-out & Catering
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
since 2022
Last sale
$750,933
3 recorded transactions
Zoning & alternative use
C3 · Bessemer, AL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$580k
Value range
$522k – $638k
±10% around blend
Estimated value / SF
$190 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
$522k
blend $580k
$638k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,058 SF
Lot area
0.9 ac
Year built
1996
Stories
1
APN
38-00-36-3-004-018.005
Zoning
C3
Assessed value
$166,720
Annual tax
$9,464
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$837k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.8 mi away · 3,120 SF
7.2 mi away · 2,172 SF
11.2 mi away · 3,064 SF
16.3 mi away · 3,470 SF
19.8 mi away · 3,120 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$580k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 150 sales
$255
-26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $190/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$751k
Move the market yield to see immediate price impact.
Value / SF
$246
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$47k
$946k
$676k
$526k
$53k
$1.05M
$751k
$584k
$58k
$1.16M
$826k
$642k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$30k
5.1 mi · May 2026 · $9/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,464
Tax year 2022
Assessed value
$166,720
Assessed 2023
Previous assessed
$137,760
+21.0% YoY
Effective rate
5.68%
On assessed value
Assessed land
$62,720
Assessed improvement
$104,000
Land market value
$313,600
Improvement market value
$520,000
Total market value
$833,600
Applied tax rate
52.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1996
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,058 SF
Lot
0.9 ac (39,204 SF)
Zoning code
C3
APN
38-00-36-3-004-018.005
UPID
US03-0373618
Jurisdiction
JEFFERSON
Zoning & alternative use
C3 · Bessemer, ALZoning C3 · permitted uses
C3 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3
Jurisdiction
Bessemer, AL
Recorded code
C3
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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