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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3721 Florence Blvd Florence, AL 35634-2899
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-1265105
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1974
Total area
3,942 SF
Lot
0.65 ac (28,314 SF)
Zoning code
2
APN
16-08-33-0-001-009-000
UPID
US03-1265105
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
Las Fiestas INC · 4 yrs held
Las Fiestas INC
since 2022
Last sale
$54,500
4 recorded transactions
Zoning & alternative use
2 · Florence, AL
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$3,416
Tax year 2023
Assessed value
$10,800
Assessed 2023
Previous assessed
$69,720
-84.5% YoY
Effective rate
31.63%
On assessed value
Assessed land
$10,800
Land market value
$54,000
Improvement market value
$294,600
Total market value
$348,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
2
Total area
3,942 SF
Lot
0.65 ac (28,314 SF)
Zoning code
2
APN
16-08-33-0-001-009-000
UPID
US03-1265105
Jurisdiction
LAUDERDALE
Zoning & alternative use
2 · Florence, ALZoning 2 · permitted uses
2 · Florence, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Las Fiestas INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1019, FLORENCE, AL 35631-1019
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
Las Fiestas INC
—
Deed
related
$589,000 · First Metro Bank
Apr 21, 2022
$54,500
Las Fiestas INC
State Of Alabama Department Of Tras
Warranty Deed
—
Nov 26, 2018
—
Las Fiestas INC
—
Deed
related
$246,557 · Bank Independent
Jul 5, 2016
$275,000
Las Fiestas INC
James O Thompson
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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