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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Strip malls
60 Colonial Promenade Pkwy Alabaster, AL 35007-3180
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-3159597
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
12,160 SF
Lot
1.98 ac (86,249 SF)
APN
231014001001016
UPID
US03-3159597
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
-
Shoppes At Alabaster Shopping Center & Mall
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
-
AT&T - Internet Service Provider Telecommunications Service Data Center
-
Mattress Firm Clearance Center Colonial Promenade Parkway Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
Cl Shoppes At Alabaster Al LLC · 1 yrs held
Cl Shoppes At Alabaster Al LLC
since 2025
Last sale
$4.0M
7 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 Alabaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alabaster 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
RESTAURANT
$4,545,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±10% · vs last sale $3.96M (Mar 6 2025)
Last sale anchor
$3.96M
Mar 6 2025
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
$326 / 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
$26,751
Tax year 2023
Assessed value
$495,380
Assessed 2023
Previous assessed
$495,380
+0.0% YoY
Effective rate
5.40%
On assessed value
Land market value
$1,360,910
Improvement market value
$1,115,960
Total market value
$2,476,870
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
1
Total area
12,160 SF
Lot
1.98 ac (86,249 SF)
APN
231014001001016
UPID
US03-3159597
Jurisdiction
SHELBY
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
RESTAURANT
Est. value
$4.5M
RESTAURANT
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Cl Shoppes At Alabaster Al LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2701 E CAMELBACK RD STE #150, PHOENIX, AZ 85016-4324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
$3,960,000
Cl Shoppes At Alabaster Al LLC
St Alabaster LLC
Deed
—
Jun 6, 2025
—
Mattress Firm LLC
St Alabaster LLC
Deed
—
Jan 2, 2025
$3,100,000
St Alabaster LLC
Jonathan Larmore
Deed
$1,860,000 · Arvest Bank
Apr 11, 2012
—
Arciterra Shoppes Of Alabaster Al
Shoppes At I Alabaster LLC
Quit Claim Deed
related
—
Oct 19, 2007
$3,275,000
Arciterra Shoppes Of Alabaster Ll
Shoppes At Alabaster LLC
Warranty Deed
—
May 23, 2006
$950,000
Balmoral Dev INC
Shoppes At Alabaster LLC
Warranty Deed
—
—
—
60 Colonial Promenade Parkway
—
Deed Of Trust
related
$19,730,000 · Rialto Mtg Fin
—
—
Arciterra Shoppes Of Alabaster Ll
—
Deed Of Trust
related
$5,770,000 · Wells Fargo Bank
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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