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Property profile & analytics
OFF-MARKET
Estimated value
$19,575,000
Retail properties & Spaces
5000 Bass Pro Blvd Leeds, AL 35094-8300
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0548633
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Total area
156,426 SF
Lot
23.99 ac (1,045,092 SF)
Zoning code
B2
APN
24-00-24-1-000-001.001
UPID
US03-0548633
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
-
Sunglass Outfitters by Sunglass Hut (Bike/Boat/Book/etc) Store
-
Bass Pro Shops/Cabela’s Boating Center (Bike/Boat/Book/etc) Store
-
FedEx Drop Box Postal Service Courier Service
-
Bass Pro Shops (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.95M
Blend (final)
Blend
$19.58M
Owner & transaction history
Ulm II Alabama LLC · 6 yrs held
Ulm II Alabama LLC
since 2020
Last sale
$20.0M
2 recorded transactions
Zoning & alternative use
B2 · Leeds, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$31.1M
+107.1%
Medical building
$24.9M
+65.8%
Commercial (general)
$22.8M
+52.1%
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 Leeds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leeds 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
$16,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$15,015,000
Current use
APARTMENT HOUSE (5+ UNITS)
$31,095,000
Change: +107% · Conversion: Difficult
MEDICAL BUILDING
$24,895,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,845,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$22,130,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,065,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$19.58M
Range $17.62M – $21.53M · ±10% · vs last sale $20.00M (Jan 21 2020)
Last sale anchor
$20.00M
Jan 21 2020
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
$125 / 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
$306,913
Tax year 2022
Assessed value
$6,680,360
Assessed 2023
Previous assessed
$5,175,600
+29.1% YoY
Effective rate
4.59%
On assessed value
Assessed land
$1,881,120
Assessed improvement
$4,799,240
Land market value
$9,405,600
Improvement market value
$23,996,200
Total market value
$33,401,800
Applied tax rate
15.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Bathrooms
1
Total area
156,426 SF
Lot
23.99 ac (1,045,092 SF)
Zoning code
B2
APN
24-00-24-1-000-001.001
UPID
US03-0548633
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Leeds, AL
Zoning B2 · permitted uses
B2 · Leeds, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leeds. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.1M
MEDICAL BUILDING
Est. value
$24.9M
COMMERCIAL (GENERAL)
Est. value
$22.8M
AUTO REPAIR, GARAGE
Est. value
$22.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
23.99 ac
Current owner
From public records · entity-resolved
Ulm II Alabama LLC
Entity
Mailing address
1776 BROADWAY, NEW YORK, NY 10019-2002
Ownership since
2020
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
Jan 21, 2020
$20,000,000
Ulm II Alabama LLC
Cf Bass Propco LLC
Grant Deed
$13,000,000 · Ubs Ag
May 15, 2019
$36,124,218
Cf Bass Propco LLC
Bass Pro Alabama Dev Co LLC
Trustees Deed
$26,352,218 · Bank Of America
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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