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Property profile & analytics
OFF-MARKET
Estimated value
$10,245,000
Office buildings
4800 Bradford NW Dr Huntsville, AL 35805-1949
Entity Owned
10-yr Hold
Free & Clear
Property ID
US03-0819622
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
50,400 SF
Lot
14 ac (609,840 SF)
APN
17-03-05-1-001-001.000
UPID
US03-0819622
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
-
Lockheed Martin MSIL Association Or Organization
-
Lockheed Martin Space Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.57M
Comparable Approach
Comparable
$10.79M
Blend (final)
Blend
$10.25M
Owner & transaction history
Lockheed Martin Corp · 10 yrs held
Lockheed Martin Corp
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.2M
+40.1%
Retail stores
$7.8M
+6.4%
Commercial (general)
$7.5M
+2.6%
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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%
$11,445,000
6.5%
$10,565,000
7%
$9,810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,280,000
Current use
MEDICAL BUILDING
$10,200,000
Change: +40% · Conversion: Easy
RETAIL STORES
$7,750,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,470,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$10.25M
Range $9.22M – $11.27M · ±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
$203 / 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
$229,556
Tax year 2023
Assessed value
$3,957,860
Assessed 2023
Previous assessed
$3,745,100
+5.7% YoY
Effective rate
5.80%
On assessed value
Assessed land
$114,800
Assessed improvement
$3,843,060
Land market value
$574,000
Improvement market value
$19,215,300
Total market value
$19,789,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
YES
Buildings
8
Stories
1
Units
1
Bathrooms
1
Total area
50,400 SF
Lot
14 ac (609,840 SF)
APN
17-03-05-1-001-001.000
UPID
US03-0819622
Jurisdiction
MADISON
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
OFFICE BUILDING Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Units
1
Bathrooms
1
Lot
14 ac
Current owner
From public records · entity-resolved
Lockheed Martin Corp
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 61511, KING OF PRUSSIA, PA 19406-0911
Ownership since
2015
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
Sep 4, 2015
$23,500,000
Lockheed Martin Corp
Sunnyvale Properties LLC
Quit Claim 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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