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Property profile & analytics
OFF-MARKET
Warehouses
623 Seminary St Florence, AL 35630-5618
Individually Owned
7-yr Hold
Free & Clear
Property ID
US03-1965773
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1949
Total area
13,400 SF
Lot
1.02 ac (44,447 SF)
Zoning code
2
APN
24-06-14-2-002-011-000
UPID
US03-1965773
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
-
Simon Solutions Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Clarity Counseling of the Shoals, LLC Counselor Social Worker
-
John Odem Attorney at Law Law Firm
-
law office of candace garner Law Firm
-
Lance R. Thomason, Attorney at Law Law Firm
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
Bargain Sell Grant · 7 yrs held
Bargain Sell Grant
since 2019
4 recorded transactions
Zoning & alternative use
2 · Florence, AL
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$4,857
Tax year 2023
Assessed value
$14,840
Assessed 2023
Previous assessed
$99,120
-85.0% YoY
Effective rate
32.73%
On assessed value
Assessed land
$14,840
Land market value
$74,200
Improvement market value
$421,340
Total market value
$495,540
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1949
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
13,400 SF
Lot
1.02 ac (44,447 SF)
Zoning code
2
APN
24-06-14-2-002-011-000
UPID
US03-1965773
Jurisdiction
LAUDERDALE
Zoning & alternative use
2 · Florence, ALZoning 2 · permitted uses
2 · Florence, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1949
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Bargain Sell Grant
Individual
Free & Clear · 7 yrs held
Mailing address
152 CYPRESS BND PL, FLORENCE, AL 35630-0700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2021
—
John T Vansandt
—
Deed
related
$1,076,581 · Bank Independent
Feb 4, 2019
—
Bargain Sell Grant
James E Green
Warranty Deed
—
Aug 22, 2017
—
John T Vansandt
—
Deed
related
$200,000 · Bank Independent
Jul 19, 2016
—
John T Vansandt
—
Deed
related
$435,000 · Bank Independent
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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