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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
4520 Watermelon Rd Northport, AL 35473-5246
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-0798557
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
5,290 SF
Lot
1.14 ac (49,658 SF)
Zoning code
RS-1
APN
31-01-02-4-002-007.084
UPID
US03-0798557
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
$572k
Blend (final)
Blend
$565k
Owner & transaction history
John H Plott · 20 yrs held
John H Plott
since 2006
2 recorded transactions
Zoning & alternative use
RS-1 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single family districts are intended to preserve the character of existing and developing neighborhoods and to prevent such areas from becoming nonconforming under the terms of this Ordinance
Zone name
Residential Single Family 1
General category
RESIDENTIAL
Zone area
2,494.57 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$805,000
+68.4%
Office building
$620,000
+29.8%
Commercial (general)
$575,000
+20.1%
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
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
MEDICAL BUILDING
$480,000
Current use
WAREHOUSE, STORAGE
$805,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$575,000
Change: +20% · Conversion: Easy
RETAIL STORES
$500,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$107 / 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
$7,504
Tax year 2023
Assessed value
$194,920
Assessed 2023
Previous assessed
$194,920
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$22,800
Assessed improvement
$172,120
Land market value
$114,000
Improvement market value
$860,600
Total market value
$974,600
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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
20
Bathrooms
1
Total area
5,290 SF
Lot
1.14 ac (49,658 SF)
Zoning code
RS-1
APN
31-01-02-4-002-007.084
UPID
US03-0798557
Jurisdiction
TUSCALOOSA
Zoning & alternative use
RS-1 · Northport, ALZoning RS-1 · permitted uses
RS-1 · Northport, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single family districts are intended to preserve the character of existing and developing neighborhoods and to prevent such areas from becoming nonconforming under the terms of this Ordinance
Zone name
Residential Single Family 1
General category
RESIDENTIAL
Zone area
2,494.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$480,000
WAREHOUSE, STORAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$575,000
RETAIL STORES
Est. value
$500,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
20
Bathrooms
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
John H Plott
Individual
Mailing address
4520 WATERMELON RD, NORTHPORT, AL 35473-5246
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Sep 28, 2021
—
Katona Land Holdings LLC
—
Deed
related
$1,054,320 · Bryant Bank
Jan 17, 2006
$646,000
John H Plott
Retriever Partnersh Golden
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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