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Property profile & analytics
OFF-MARKET
Estimated value
$5,145,000
Investment properties
350 Hughes Rd Madison, AL 35758-1102
Individually Owned
4-yr Hold
Free & Clear
Property ID
US03-0002146
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2019
Total area
21,000 SF
Lot
3.13 ac (136,212 SF)
APN
16-02-09-0-000-066.003
UPID
US03-0002146
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
-
City National Bank - Presto ATM Bank Loan Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Publix Pharmacy at Madison Commons Shopping Center Pharmacy
-
Primo Water Refill Big Box & Wholesale Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.25M
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.15M
Owner & transaction history
Exchangeright Value Add Portfolio 2 · 4 yrs held
Exchangeright Value Add Portfolio 2
since 2021
Last sale
$4.9M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+3.9%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$6,200,000
ML approach
$6,250,000
CAP Approach
CAP Return
Estimation
6%
$4,225,000
6.5%
$3,900,000
7%
$3,625,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,515,000
Current use
OFFICE BUILDING
$4,690,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$4,365,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±10% · vs last sale $4.92M (Sep 30 2021)
Last sale anchor
$4.92M
Sep 30 2021
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
$245 / 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
$47,646
Tax year 2023
Assessed value
$679,420
Assessed 2023
Previous assessed
$687,400
-1.2% YoY
Effective rate
7.01%
On assessed value
Assessed land
$120,700
Assessed improvement
$558,720
Land market value
$603,500
Improvement market value
$2,793,600
Total market value
$3,397,100
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
21,000 SF
Lot
3.13 ac (136,212 SF)
APN
16-02-09-0-000-066.003
UPID
US03-0002146
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
COMMERCIAL (GENERAL) Current
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Exchangeright Value Add Portfolio 2
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$4,920,000
Exchangeright Value Add Portfolio 2
300 Hughes LLC
Special Warranty Deed
—
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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