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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Investment properties
5510 Promenade Pt Pkwy Madison, AL 35758-6702
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-2423440
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2013
Total area
24,015 SF
Lot
2.97 ac (129,504 SF)
APN
15-09-30-1-000-068.001
UPID
US03-2423440
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
-
Burn Boot Camp Gym & Fitness Center
-
Joe Kemp, CLF®, FSCP®, RICP® Insurance and Retirement Insurance Agency
-
Chelsea Grant - COUNTRY Financial representative Insurance Agency
-
Jessica Abney - COUNTRY Financial representative Insurance Agency
-
Empire Paint & Supply Benjamin Moore Paint Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$3.55M
Owner & transaction history
5510 Promenade Point LLC · 3 yrs held
5510 Promenade Point LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+3.9%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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%
$4,835,000
6.5%
$4,460,000
7%
$4,145,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,165,000
Current use
OFFICE BUILDING
$5,365,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$4,995,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±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
$148 / 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
$36,311
Tax year 2023
Assessed value
$626,060
Assessed 2023
Previous assessed
$729,760
-14.2% YoY
Effective rate
5.80%
On assessed value
Assessed land
$293,440
Assessed improvement
$332,620
Land market value
$1,467,200
Improvement market value
$1,663,100
Total market value
$3,130,300
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2013
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
24,015 SF
Lot
2.97 ac (129,504 SF)
APN
15-09-30-1-000-068.001
UPID
US03-2423440
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
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
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
2013
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
5510 Promenade Point LLC
Entity
Mailing address
PO BOX 2321, BIRMINGHAM, AL 35201-2321
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Pgp Promenade 1 LLC
—
Deed
related
$3,050,000 · Symetra Life Insurance Co
Jan 25, 2023
$5,171,415
5510 Promenade Point LLC
Cross Development Cc Madison 72
Special Warranty Deed
—
Jun 20, 2019
—
Wal-mart,r & E Busn Trust
Madison Retail Partners LLC
Correction Deed
related
$3,300,000 · Servisfirst Bank
Sep 11, 2015
$425,000
Wal-mart Real Estate Busn Trust
Madison Retail Partners LLC
Warranty Deed
—
Dec 22, 2014
$4,635,000
Madison Retail Partners LLC
Colonial Props Svcs INC
Warranty Deed
$3,735,000 · Regions Bk
Sep 6, 2011
$624,000
Colonial Properties Svcs INC
Wal-mart Stores East LP
Warranty Deed
—
—
—
Madison Retail Partners LLC
—
Deed Of Trust
related
$3,300,000 · Servisfirst Bk
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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