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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Retail space
4300 Choctaw St Alexandria, AL 36250
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-1215101
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,793 SF
Lot
1.22 ac (53,056 SF)
APN
17-01-11-0-000-039.000
UPID
US03-1215101
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
$1.29M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$1.30M
Owner & transaction history
Lighting Properties LLC · 4 yrs held
Lighting Properties LLC
since 2022
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+30.1%
Apartment house (5+ units)
$970,000
+19.9%
Office building
$815,000
+0.5%
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 Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria 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
$1,200,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$810,000
Current use
WAREHOUSE, STORAGE
$1,055,000
Change: +30% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$970,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.30M (Jun 2 2022)
Last sale anchor
$1.30M
Jun 2 2022
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
$110 / 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
$5,746
Tax year 2023
Assessed value
$143,512
Assessed 2023
Previous assessed
$143,512
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$10,620
Assessed improvement
$132,892
Land market value
$53,100
Improvement market value
$664,460
Total market value
$717,560
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Stories
2
Rooms
7
Bathrooms
2
Total area
11,793 SF
Lot
1.22 ac (53,056 SF)
APN
17-01-11-0-000-039.000
UPID
US03-1215101
Jurisdiction
CALHOUN
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
RETAIL STORES Current
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$970,000
OFFICE BUILDING
Est. value
$815,000
RETAIL STORES Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
1998
Heating
NONE
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Lighting Properties LLC
Entity
Mailing address
4230 CHOCTAW ST, ALBERTVILLE, AL 35950
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$1,295,060
Lighting Properties LLC
Mb Properties LLC
Warranty Deed
$1,095,060 · Mb Properties LLC
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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