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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Investment properties
600 Ft Williams St Sylacauga, AL 35150
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-1361049
Property summary
AI-generated overview
This 39,809 square foot shopping center in Sylacauga, Alabama, presents a compelling value-add investment opportunity. Located at 600 W Fort Williams St, this Fee Simple property boasts an 8.05% cap rate and a strong NOI of $213,373. Currently 81% occupied by Bargain Hunt, Credit Central, and Coosa Valley HomeCare, all with lease renewal options, the center offers significant upside potential. The property underwent a complete renovation in 2018, including a new roof, electrical, plumbing, and parking lot overlay. The 7,618 square feet of unbuilt-out space provides an opportunity to increase occupancy and rental income. Built in 1979 on a 4.9-acre lot (APN: 27-09-30-4-022-001.000), the center is priced at $2,650,000, well below replacement cost at $66 per square foot. Sylacauga's diverse economy, anchored by manufacturing, healthcare, and natural resources, provides a stable market for retail businesses. The city's small-town charm, combined with proximity to Birmingham, offers a desirable location for both residents and businesses. This property is an excellent addition to any portfolio seeking strong returns and growth potential. All leases are gross.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1979
Total area
32,266 SF
Lot
4.9 ac (213,444 SF)
APN
27-09-30-4-022-001.000
UPID
US03-1361049
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
$3.28M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.05M
Owner & transaction history
SECOND STREET SYLACAUGA LLC
SECOND STREET SYLACAUGA LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+58.3%
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 Sylacauga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylacauga 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%
$3,550,000
6.5%
$3,275,000
7%
$3,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,965,000
Current use
OFFICE BUILDING
$4,690,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$2,925,000
Change: -1% · Conversion: Easy
RETAIL STORES
$2,585,000
Change: -13% · Conversion: Easy
RESTAURANT
$2,570,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.75M – $3.36M · ±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
$95 / 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
$13,943
Tax year 2023
Assessed value
$262,420
Assessed 2023
Previous assessed
$234,400
+12.0% YoY
Effective rate
5.31%
On assessed value
Assessed land
$110,140
Assessed improvement
$152,280
Land market value
$550,700
Improvement market value
$829,800
Total market value
$1,380,500
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
1979
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
32,266 SF
Lot
4.9 ac (213,444 SF)
APN
27-09-30-4-022-001.000
UPID
US03-1361049
Jurisdiction
TALLADEGA
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
$3.0M
OFFICE BUILDING
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1979
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.9 ac
Current owner
From public records · entity-resolved
SECOND STREET SYLACAUGA LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1000 HIGHLAND COLONY PKWY STE #9004, RIDGELAND, MS 39157-2083
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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