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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Office buildings
301 9th SW Ave Lafayette, AL 36862-2854
Individually Owned
1-yr Hold
Free & Clear
Property ID
US03-1150663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1700
Total area
7,609 SF
Lot
1.85 ac (80,586 SF)
APN
12-12-06-23-4-002-001.002
UPID
US03-1150663
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
-
Da Grub Spot LaFayette Restaurant
-
Marathon Gas Gas Station
-
Exxon Gas Gas Station
-
Mobil Gas Station
-
Junction Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.50M
Owner & transaction history
Mae W Thompson · 1 yrs held
Mae W Thompson
since 2024
Last sale
$19,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$975,000
+1.5%
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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: +1% · Conversion: Easy
RESTAURANT
$955,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $19k (Oct 2 2024)
Last sale anchor
$19k
Oct 2 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
$196 / 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
$12,150
Tax year 2023
Assessed value
$246,460
Assessed 2023
Previous assessed
$194,460
+26.7% YoY
Effective rate
4.93%
On assessed value
Assessed land
$9,200
Assessed improvement
$237,260
Land market value
$46,000
Improvement market value
$1,186,100
Total market value
$1,232,100
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1700
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Rooms
17
Total area
7,609 SF
Lot
1.85 ac (80,586 SF)
APN
12-12-06-23-4-002-001.002
UPID
US03-1150663
Jurisdiction
CHAMBERS
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
OFFICE BUILDING Current
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$975,000
RESTAURANT
Est. value
$955,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1700
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Rooms
17
Lot
1.85 ac
Current owner
From public records · entity-resolved
Mae W Thompson
Individual
Free & Clear · 1 yrs held
Mailing address
301 PO BOX 132ND AVE SW, LAFAYETTE, AL 36862-0132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 2, 2024
$19,000
Mae W Thompson
Debra Holley Shoaf
Warranty Deed
—
Dec 27, 2019
$700,000
Mahadyuta Realty LLC
Summit Assets INC
Warranty Deed
$525,000 · Valley National Bank
Dec 6, 2017
—
Summit Assets INC
I D F Holley SR.
Warranty Deed
$540,000 · Colony Bank
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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