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Property profile & analytics
FOR LEASE
Strip malls
5000 Whitesburg Dr Huntsville, AL 35802
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0948875
For Lease
1 / 4
$10,800,000
5000 Whitesburg Dr, Huntsville, AL 35802
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
WOOD
Total area
48,018 SF
Lot
4.2 ac (182,952 SF)
APN
18-04-18-3-001-011.000
UPID
US03-0948875
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
-
RockBox Fitness Huntsville Gym & Fitness Center Sports School
-
Papa Murphy's Take 'N' Bake Pizza Restaurant
-
The Fade Factory Barber Shop
-
Dollar Tree Discount Store
-
Max Health Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.67M
CAP Approach
CAP
$10.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.80M
Owner & transaction history
Lmr II Whitesburg Center LLC · 3 yrs held
Lmr II Whitesburg Center LLC
since 2022
Last sale
$10.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.7M
+257.8%
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
$14,775,000
ML approach
$11,665,000
CAP Approach
CAP Return
Estimation
6%
$11,180,000
6.5%
$10,320,000
7%
$9,580,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,725,000
Change: +258% · Conversion: Difficult
Blend value · Realmo final
$10.80M
Range $9.72M – $11.88M · ±10% · vs last sale $10.61M (Oct 21 2022)
Last sale anchor
$10.61M
Oct 21 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
$225 / 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
$57,916
Tax year 2023
Assessed value
$998,460
Assessed 2023
Previous assessed
$887,040
+12.6% YoY
Effective rate
5.80%
On assessed value
Assessed land
$526,180
Assessed improvement
$472,280
Land market value
$2,630,900
Improvement market value
$2,360,600
Total market value
$4,991,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
48,018 SF
Lot
4.2 ac (182,952 SF)
APN
18-04-18-3-001-011.000
UPID
US03-0948875
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
AUTO REPAIR, GARAGE
Est. value
$6.7M
AUTO REPAIR, GARAGE
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
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Lmr II Whitesburg Center LLC
Entity
Mailing address
3011 ARMORY DR STE #120, NASHVILLE, TN 37204-3721
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
$10,610,000
Lmr II Whitesburg Center LLC
Bsm Whitesburg Plaza LLC
Warranty Deed
$8,400,000 · Bank Independent
Nov 20, 2012
$70,200
Bsm Whitesburg Plaza LLC
Wsc Associates LP
Warranty 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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