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Property profile

5690 Watermelon Rd Northport, AL 35473

FOR SALE
Office buildings
Property ID
US03-0702728
3,790 SF Built 2010
Last sale Jan 2010 · $564,000
Individually Owned Owner of record is an individual. 16-yr Hold Held for 16 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$78k
Assessed land$10k
Assessed improvement$68k
Effective rate3.85%

Value estimate

· Oct 2026
$190k
$171k – $209k
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$18k
Operating expenses−$16k
NOI · 4.89% cap applied$49k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$117/SF
County average, outlier-cleaned · 96 recorded sales of this use type
Observed band · Q1–Q3$55 – $181
Qualifying comparables11

Cap rate analysis

How does the asset earn?
4.89%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
The C-2 district is intended to provide areas that offer convenient access to goods and services from existing and developing residential...
General categoryCOMMERCIAL
JurisdictionTUSCALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.0
Law Firm9.7
Parking Facility9.7

Location

5690 Watermelon Rd Northport, AL 35473
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5970 Watermelon, Northport, AL 35473-7102 $800,000 Dec 2024 1,500 SF
4412 Hwy 69th N, Northport, AL 35473-2023 $100,000 May 2022 2,185 SF
4300 Hwy 69th N, Northport, AL 35473-2021 $730,000 Dec 2021 5,468 SF
9830 Hwy 69th N, Northport, AL 35473-7726 $153,500 Oct 2019 1,912 SF
Lorilea E, Northport, AL 35473 $850,000 Jan 2019 4,276 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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