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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Investment properties
4671 Appaloosa Dr Irondale, AL 35210-4259
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-0655612
Property summary
AI-generated overview
This 10,000 square foot Class C industrial property, located at 4671 Appaloosa Dr, Irondale, Alabama 35210, is offered for sale at $1,100,000 ($110/sq ft). The property is a single-story distribution/warehouse building with a multi-tenant lease in place under a NNN structure. A complete renovation was finished in 2023 by both landlord and tenant. The building enjoys high visibility, situated just off I-20 with daily exposure to over 50,000 vehicles and convenient interstate access. Ample parking and yard space are available. The property's flexible design allows for various uses including retail, showroom, industrial, or office space. Its location offers proximity to Mountain Brook, Irondale, and Trussville. The current lease is below market rate, presenting a future opportunity for rental increases. This is a compelling investment opportunity in a prime location with a recently renovated building and a strong tenant.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Total area
9,600 SF
Lot
4.49 ac (195,584 SF)
Zoning code
C1
APN
24-00-20-2-000-002.000
UPID
US03-0655612
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
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.07M
Owner & transaction history
Dj Holdings LLC · 1 yrs held
Dj Holdings LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C1 · Irondale, 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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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
$685,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,565,000
Current use
MEDICAL BUILDING
$1,530,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,360,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,355,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.05M (Jan 16 2025)
Last sale anchor
$1.05M
Jan 16 2025
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
$111 / 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
$4,983
Tax year 2022
Assessed value
$102,700
Assessed 2023
Previous assessed
$88,040
+16.7% YoY
Effective rate
4.85%
On assessed value
Assessed land
$49,860
Assessed improvement
$52,840
Land market value
$249,300
Improvement market value
$264,200
Total market value
$513,500
Applied tax rate
13.0000
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
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
9,600 SF
Lot
4.49 ac (195,584 SF)
Zoning code
C1
APN
24-00-20-2-000-002.000
UPID
US03-0655612
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Irondale, AL
Zoning C1 · permitted uses
C1 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.49 ac
Current owner
From public records · entity-resolved
Dj Holdings LLC
Entity
Mailing address
2718 20TH ST S, BIRMINGHAM, AL 35209-1988
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
$1,049,000
Dj Holdings LLC
Sanborn Holdings LLC
Warranty Deed
$959,700 · Regions Bank
Mar 12, 2024
—
Sanburn Holdings LLC
—
Deed
related
$675,000 · Millennial Bank
Apr 28, 2023
—
Sanburn Holdings LLC
—
Deed
related
$520,000 · Renasant Bank
Feb 24, 2021
—
James Christian Bentley
Bentley James W Estate
Warranty Deed
—
Oct 30, 2018
$180,000
Chris Bentley
Bentley,chris
Warranty Deed
—
Oct 3, 2017
$90,000
Chris Bentley
Bentley,chris
Warranty Deed
—
Apr 23, 2009
—
Lowery,brenda J Tr
Owner Name Unavailable
Grant Deed
related
—
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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