5104 Gary Ave Fairfield, AL 35064-2182
Individually Owned
Free & Clear
Estimated value (blended)
$205k
Range $185k – $226k (±10%)
Property ID
US03-0979541
Property summary
AI-generated overview
This stunning, 10,000 square foot, two-story building presents a unique investment opportunity in historic Fairfield, Alabama. Currently operating as an art gallery with a partial upstairs living space, this property boasts a rich history, having previously served as a silent movie theater. Its versatile zoning (B3 Multi-use) allows for a wide range of possibilities, including its current use as an event venue. The building's architectural details are captivating, featuring high ceilings and beautiful wall treatments throughout. Conveniently located on a 0.12-acre lot on Gary Avenue, the property offers a large storefront with ample sidewalk space, situated across from the local Legion building. Internal features include bathrooms on both floors and strategically placed interior walls creating separate office and storage areas. The immense size and character of this property make it ideal for a variety of commercial ventures, from retail spaces to event hosting, or even a combination of uses. The building's history and charm offer a unique selling point, attracting a diverse clientele. Priced at $299,900, this is a chance to acquire a piece of Fairfield's heritage and capitalize on its significant potential. The property's size and flexible zoning make it a truly exceptional investment.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Total area
10,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B3
APN
30-00-12-2-037-022.000
UPID
US03-0979541
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Publishing House
-
Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$205k
Owner & transaction history
since 2026
7 recorded transactions
Zoning & alternative use
B3 · Fairfield, AL
Top alternative use upside
Medical building
$1.6M
+37.2%
Auto repair, garage
$1.4M
+21.9%
Neighborhood: shopping center
$1.4M
+21.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$205k
Value range
$185k – $226k
±10% around blend
Estimated value / SF
$21 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$185k
blend $205k
$226k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,000 SF
Lot area
0.11 ac
Year built
1927
Stories
2
APN
30-00-12-2-037-022.000
Assessed value
$31,760
Annual tax
$1,770
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$317k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.2 mi away · 11,850 SF
5.9 mi away · 8,496 SF
6.6 mi away · 10,027 SF
10.3 mi away · 11,165 SF
11.8 mi away · 9,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$205k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1088 sales
$116
-82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $21/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+37%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$32k
Move the market yield to see immediate price impact.
Value / SF
$3
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$40k
$29k
$22k
$2k
$44k
$32k
$25k
$2k
$49k
$35k
$27k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$200k
1.0 mi · Apr 2026 · $20/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,770
Tax year 2022
Assessed value
$31,760
Assessed 2023
Previous assessed
$23,760
+33.7% YoY
Effective rate
5.57%
On assessed value
Assessed land
$3,000
Assessed improvement
$28,760
Land market value
$15,000
Improvement market value
$143,800
Total market value
$158,800
Applied tax rate
55.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1927
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
10,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B3
APN
30-00-12-2-037-022.000
UPID
US03-0979541
Jurisdiction
JEFFERSON
Zoning & alternative use
B3 · Fairfield, ALZoning B3 · permitted uses
B3 · Fairfield, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B3
Jurisdiction
Fairfield, AL
Recorded code
B3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B3 in Fairfield, AL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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