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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
565 Pike Rd Pike Road, AL 36064-2249
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0566482
Property summary
AI-generated overview
This exceptional Pike Road, AL property offers 31,000 square feet of combined office and warehouse space, currently housing two tenants occupying approximately 24,400 square feet. A significant 6,600 square feet of office space is readily available for lease. Situated on a spacious 9-acre lot featuring mature trees and a fenced yard, this Class C multi-tenant property presents a compelling investment opportunity. Built in 1960 and zoned B-2, the property boasts convenient access to major transportation arteries, including Interstate 85 and Highway 231. The entire 31,000-square-foot property and land are available for purchase at $2,000,000. Alternatively, the 9-acre lot can be purchased separately for $500,000, presenting an ideal site for future mini-warehouse development. This property is located at 565 Pike Road, 36064, in Montgomery County, Alabama. Detailed financial information is available upon request. This prime location in one of Alabama's fastest-growing towns makes this a truly unique investment prospect.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1960
Total area
6,464 SF
Lot
8.37 ac (364,597 SF)
APN
08-04-19-2-001-003.000
UPID
US03-0566482
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kenneth S Jarrell · 9 yrs held
Kenneth S Jarrell
since 2017
2 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 Pike Road submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pike Road 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,637
Tax year 2023
Assessed value
$137,480
Assessed 2023
Previous assessed
$137,500
0.0% YoY
Effective rate
4.10%
On assessed value
Assessed land
$30,460
Assessed improvement
$107,020
Land market value
$152,300
Improvement market value
$535,100
Total market value
$687,400
Applied tax rate
1.0000
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
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
60
Bathrooms
1
Total area
6,464 SF
Lot
8.37 ac (364,597 SF)
APN
08-04-19-2-001-003.000
UPID
US03-0566482
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
60
Bathrooms
1
Lot
8.37 ac
Current owner
From public records · entity-resolved
Kenneth S Jarrell
Individual
Mailing address
9859 N PALAFOX ST, PENSACOLA, FL 32534-1226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Feb 13, 2017
—
Kenneth S Jarrell
—
Deed
related
$714,351 · Servisfirst Bk
—
—
Kenneth S Jarrell
—
Deed Of Trust
related
$714,351 · 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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