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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Strip malls
5300 Oak Tree Rd Ste D Millbrook, AL 36054-2214
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-1231376
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Total area
10,400 SF
Lot
5.21 ac (226,948 SF)
APN
15-09-29-0-001-024.003
UPID
US03-1231376
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
-
Allstate Insurance: Jonathan Waters Insurance Agency
-
G T Steel Erectors Inc Construction Company General Contractor
-
Realty Central LLC Real Estate Agency
-
Home Mortgage of America, Inc. Loan Service Bank
-
Diebold Inc Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Overton Properties LLC · 6 yrs held
Overton Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
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 Millbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrook 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,455,000
Change: 0% · Conversion: Moderate
RESTAURANT
$1,160,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$900,000
Change: 0% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$715,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$106 / 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
$7,529
Tax year 2023
Assessed value
$1,737,230
Assessed 2023
Previous assessed
$347,446
+400.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$438,160
Assessed improvement
$1,299,070
Land market value
$438,160
Improvement market value
$1,299,070
Total market value
$1,737,230
Applied tax rate
6.0000
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
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
4
Bathrooms
8
Total area
10,400 SF
Lot
5.21 ac (226,948 SF)
APN
15-09-29-0-001-024.003
UPID
US03-1231376
Jurisdiction
ELMORE
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
Est. value
$1.5M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$900,000
MEDICAL BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$715,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
8
Lot
5.21 ac
Current owner
From public records · entity-resolved
Overton Properties LLC
Entity
Mailing address
PO BOX 1148, WETUMPKA, AL 36092-0020
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Holley Properties LLC
—
Deed
related
$880,000 · First Community Bank Of Central Alabama
Dec 4, 2019
$1,400,000
Overton Properties LLC
Oak Tree Mini Storage LLC
Warranty Deed
$1,035,000 · Branch Banking And Trust Co
Dec 4, 2019
—
Overton Properties LLC
Oak Tree Mini Storage LLC
Quit Claim 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.
Try Rey
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