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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Warehouses
3150 Leeman Fry SW Rd, Huntsville, AL 35801-5325
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US03-0800274
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
12,600 SF
Lot
1.38 ac (59,982 SF)
APN
17-06-14-1-000-008.000
UPID
US03-0800274
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
-
R2C Support Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.35M
Owner & transaction history
Randall A Schrimsher · 12 yrs held
Randall A Schrimsher
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+121.7%
Retail stores
$1.8M
+117.9%
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%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$840,000
Current use
COMMERCIAL (GENERAL)
$1,865,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +118% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$825,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$107 / 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
$8,031
Tax year 2023
Assessed value
$138,460
Assessed 2023
Previous assessed
$122,420
+13.1% YoY
Effective rate
5.80%
On assessed value
Assessed land
$20,280
Assessed improvement
$118,180
Land market value
$101,400
Improvement market value
$590,900
Total market value
$692,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
HOT WATER
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
12,600 SF
Lot
1.38 ac (59,982 SF)
APN
17-06-14-1-000-008.000
UPID
US03-0800274
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
WAREHOUSE, STORAGE Current
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$825,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
1980
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Randall A Schrimsher
Individual
Mailing address
PO BOX 41, HUNTSVILLE, AL 35804-0041
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
—
Randall A Schrimsher
—
Deed
related
$450,000 · Servisfirst Bank
Aug 19, 2022
—
Randall A Schrimsher
—
Deed
related
$1,695,684 · Servisfirst Bank
May 29, 2019
—
Randall A Schrimsher
—
Deed
related
$636,000 · Servisfirst Bk
Aug 30, 2018
—
Randall A Schrimsher
—
Deed
related
$410,909 · Servisfirst Bk
Oct 1, 2013
$500,000
Randall A Schrimsher
Servisfirst Bk
Warranty Deed
—
—
—
Randall A Schrimsher
—
Loan Modification
related
$636,000 · Servisfirst Bk
—
—
Kenneth D Kirby
—
Deed Of Trust
related
$300,000 · Servisfirst Bank
—
—
Randall A Schrimsher
—
Deed Of Trust
related
$46,000 · Servisfirst Bk
—
—
Kenneth D Kirby
—
Deed Of Trust
related
$500,000 · Servisfirst Bank
—
—
Kenneth D Kirby
—
Deed Of Trust
related
$337,500 · First Commercial Bank Huntsvil
—
—
Randall A Schrimsher
—
Deed Of Trust
related
$400,000 · Servisfirst Bank
—
—
Randall A Schrimsher
—
Loan Modification
related
$410,909 · Servisfirst Bk
—
—
Kenneth D Kirby
—
Deed Of Trust
related
$75,000 · Servisfirst Bank
—
—
Kenneth D Kirby
—
Deed Of Trust
related
$100,000 · Servisfirst Bank
—
—
Kenneth D Kirby
—
Deed Of Trust
related
$116,000 · Servisfirst 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.
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