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Property profile & analytics
OFF-MARKET
Warehouses
425 Veterans Dr Florence, AL 35630-5743
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-1508469
Property summary
AI-generated overview
This exceptional 18,000-square-foot industrial property, located at 425 Veterans Drive in Florence, Alabama (zip code 35630), is offered at $495,000 ($27.50/sq ft). The property is classified as a single-tenant, Net-Net-Net (NNN) lease industrial building with distribution and warehouse subtypes. Its convenient location on Veterans Drive provides easy access to Helton Drive and Florence Boulevard, offering seamless connectivity to Colbert County and the wider Florence area. The building boasts a functional layout including a dedicated office area, a counter sales space, a loading dock for efficient goods handling, and a substantial warehouse area. Adding to its versatility, a loft space within the warehouse provides valuable additional storage capacity. This property presents a compelling investment opportunity for businesses seeking a well-equipped and strategically located industrial space in a thriving Alabama market. The property is situated in Lauderdale County.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
12,000 SF
Lot
0.54 ac (23,531 SF)
Zoning code
2
APN
24-06-14-2-001-079-000
UPID
US03-1508469
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
Kt Holdings LLC · 1 yrs held
Kt Holdings LLC
since 2024
1 recorded transaction
Zoning & alternative use
2 · Florence, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,826
Tax year 2023
Assessed value
$8,660
Assessed 2023
Previous assessed
$98,480
-91.2% YoY
Effective rate
55.73%
On assessed value
Assessed land
$8,660
Land market value
$43,300
Improvement market value
$449,060
Total market value
$492,360
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Rooms
2
Total area
12,000 SF
Lot
0.54 ac (23,531 SF)
Zoning code
2
APN
24-06-14-2-001-079-000
UPID
US03-1508469
Jurisdiction
LAUDERDALE
Zoning & alternative use
2 · Florence, AL
Zoning 2 · permitted uses
2 · Florence, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Kt Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
354 COUNTY RD 322, FLORENCE, AL 35634-3659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 19, 2024
$318,500
Kt Holdings LLC
Linda S Persall
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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