Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,485,000
Grocery and convenience stores
321 333rd 365th Huntley Pwky Pelham, AL 35124
Individually Owned
Free & Clear
Property ID
US03-1117395
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Total area
46,031 SF
Lot
9.86 ac (429,502 SF)
APN
144193001009001
UPID
US03-1117395
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$11.49M
Owner & transaction history
Holmes Karen
Holmes Karen
since 2026
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.2M
+199.5%
Medical building
$8.4M
+46.4%
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 Pelham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pelham 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
$14,825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$17,215,000
Change: +200% · Conversion: Easy
MEDICAL BUILDING
$8,415,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$11.49M
Range $10.34M – $12.63M · ±10% · vs last sale $15.50M (Feb 1 2023)
Last sale anchor
$15.50M
Feb 1 2023
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
$250 / 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
$115,991
Tax year 2023
Assessed value
$1,999,840
Assessed 2023
Previous assessed
$1,999,840
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$2,233,410
Improvement market value
$7,765,770
Total market value
$9,999,180
Applied tax rate
8.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2009
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
6
Bathrooms
2
Total area
46,031 SF
Lot
9.86 ac (429,502 SF)
APN
144193001009001
UPID
US03-1117395
Jurisdiction
SHELBY
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
RESTAURANT
Est. value
$17.2M
MEDICAL BUILDING
Est. value
$8.4M
RESTAURANT
MEDICAL BUILDING
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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
2
Lot
9.86 ac
Current owner
From public records · entity-resolved
Holmes Karen
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1135, FAIRHOPE, AL 36533-1135
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
$365,000
Holmes Karen
William Dykes
Warranty Deed
—
Feb 1, 2023
$15,500,000
Twin Oaks Co INC
Retail Bptc LLC
Warranty Deed
$6,500,000 · Smartbank
Aug 3, 2017
—
Encore Retail Bptc LLC
—
Grant Deed
related
$161,862,842 · Mishmeret Trust Co Ltd (ce)
Jun 29, 2016
—
Encore Retail Bptc LLC
—
Deed
related
$9,200,000 · First Us Bk
Jun 23, 2011
—
Encore Retail Bptc LLC
Sharp Pelham LLC
Warranty Deed
—
Feb 16, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jul 15, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Oct 4, 2007
$1,006,667
Sharp Pelham LLC
C & A Enterprises LLC
Warranty Deed
—
Oct 4, 2007
$10,000
Sharp Pelham LLC
Sac LLC
Warranty Deed
—
Oct 4, 2007
$2,500
Sharp Pelham LLC
Freeway Express INC
Warranty Deed
related
—
Feb 9, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Apr 1, 2004
—
C & A Ents LLC
Ellison Prop Acquisition LLC
Warranty Deed
related
—
—
—
Encore Retail Bptc LLC
—
Deed Of Trust
related
$9,200,000 · First Us Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 321 333rd 365th Huntley Pwky?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
