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Property profile & analytics
FOR LEASE
Investment properties
3979 Parkwood Rd Bessemer, AL 35022
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-0762520
For Lease
1 / 6
$20 SF/Yr
3979 Parkwood Rd, Bessemer, AL 35022
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Property summary
AI-generated overview
This exceptional 1,400 square foot retail space is situated within the vibrant Morgan Road Station shopping center in Jefferson County. The property is part of a larger 19,720 square foot retail strip center, offering excellent visibility and accessibility. Currently, 1,400 square feet is immediately available for lease, presenting a fantastic opportunity for a variety of retail businesses. The location boasts high foot traffic due to its proximity to popular restaurants including McDonald's, Waffle House, Dairy Queen, Papa John's, and Subway, ensuring a steady stream of potential customers. The strategic placement near Bessemer Airport further enhances its appeal to a diverse clientele. This property is ideal for businesses seeking a well-established location with strong existing traffic and convenient access. The multiple tenancy setup within the center provides a synergistic environment, fostering a thriving retail community. This space offers a prime opportunity to establish or expand your business in a high-demand area. Contact us today to schedule a viewing and explore the possibilities. Don't miss out on this exceptional retail space in a prime Jefferson County location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2000
Total area
21,600 SF
Lot
2.14 ac (93,262 SF)
Zoning code
C3
APN
38-00-36-3-001-012.001
UPID
US03-0762520
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
-
Domino's Pizza Take-out & Catering
-
Schambeau Kevin M DDS Dental Office
-
Morgan Road Station Business Service Center Corporate Office
-
Byron Eaton: Allstate Insurance Insurance Agency
-
China Wok Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.55M
Owner & transaction history
Morgan Road Station LLC · 9 yrs held
Morgan Road Station LLC
since 2016
2 recorded transactions
Zoning & alternative use
C3 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+45.3%
Auto repair, garage
$3.1M
+29.2%
Neighborhood: shopping center
$3.0M
+28.8%
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 Bessemer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bessemer 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,365,000
Current use
MEDICAL BUILDING
$3,440,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,055,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,045,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$2,075,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±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
$118 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$21,292
Tax year 2022
Assessed value
$366,280
Assessed 2023
Previous assessed
$309,920
+18.2% YoY
Effective rate
5.81%
On assessed value
Assessed land
$111,920
Assessed improvement
$254,360
Land market value
$559,600
Improvement market value
$1,271,800
Total market value
$1,831,400
Applied tax rate
52.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
21,600 SF
Lot
2.14 ac (93,262 SF)
Zoning code
C3
APN
38-00-36-3-001-012.001
UPID
US03-0762520
Jurisdiction
JEFFERSON
Zoning & alternative use
C3 · Bessemer, AL
Zoning C3 · permitted uses
C3 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bessemer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Morgan Road Station LLC
Entity
Mailing address
PO BOX 120897, NASHVILLE, TN 37212-0897
Ownership since
2016
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
Oct 14, 2016
—
Morgan Road Station LLC
—
Deed
related
$1,600,000 · First Us Bank
—
—
Morgan Road Station LLC
—
Deed Of Trust
related
$1,800,000 · Column Fin'l
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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