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Property profile & analytics
OFF-MARKET
Medical Office Space
3515 Watermelon Rd Northport, AL 35473-5174
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0420991
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD
Total area
2,600 SF
Lot
0.4 ac (17,463 SF)
Zoning code
C-3
APN
31-01-11-1-001-013.002
UPID
US03-0420991
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frozen LLC · 6 yrs held
Frozen LLC
since 2020
Last sale
$505,000
2 recorded transactions
Zoning & alternative use
C-3 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-3 district is intended to provide areas for general retail sales, personal and professional services, and other compatible commercial activities serving a citywide customer base
Zone name
General Commercial
General category
COMMERCIAL
Zone area
682.56 ac
Source
Realmo
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 Northport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northport 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,057
Tax year 2023
Assessed value
$79,400
Assessed 2023
Previous assessed
$79,400
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$13,980
Assessed improvement
$65,420
Land market value
$69,900
Improvement market value
$327,100
Total market value
$397,000
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
10
Bathrooms
1
Total area
2,600 SF
Lot
0.4 ac (17,463 SF)
Zoning code
C-3
APN
31-01-11-1-001-013.002
UPID
US03-0420991
Jurisdiction
TUSCALOOSA
Zoning & alternative use
C-3 · Northport, ALZoning C-3 · permitted uses
C-3 · Northport, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-3 district is intended to provide areas for general retail sales, personal and professional services, and other compatible commercial activities serving a citywide customer base
Zone name
General Commercial
General category
COMMERCIAL
Zone area
682.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Frozen LLC
Entity
Mailing address
4901 RICE MINE RD NE, TUSCALOOSA, AL 35406-2650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2020
$505,000
Frozen LLC
Who Dat Properties LLC
Warranty Deed
$429,250 · Regions Bank
May 7, 2014
$359,098
Who Dat Properties LLC
David V Robinson
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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