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Property profile & analytics
OFF-MARKET
Estimated value
$8,955,000
Distribution centers
6300 Greenbrier NW Rd Madison, AL 35756-4408
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-2836509
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Total area
17,670 SF
Lot
10.46 ac (455,638 SF)
APN
1708340000006002
UPID
US03-2836509
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
$8.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.96M
Owner & transaction history
Greenbrier Preserve LLC · 2 yrs held
Greenbrier Preserve LLC
since 2024
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+937.2%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$8,955,000
ML approach
$8,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,985,000
Change: +937% · Conversion: Difficult
Blend value · Realmo final
$8.96M
Range $8.06M – $9.85M · ±10% · vs last sale $8.96M (Mar 20 2024)
Last sale anchor
$8.96M
Mar 20 2024
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
$507 / 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
$33,075
Tax year 2023
Assessed value
$530,900
Assessed 2023
Previous assessed
$530,900
+0.0% YoY
Effective rate
6.23%
On assessed value
Land market value
$910,000
Improvement market value
$1,744,500
Total market value
$2,654,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Buildings
2
Stories
1
Total area
17,670 SF
Lot
10.46 ac (455,638 SF)
APN
1708340000006002
UPID
US03-2836509
Jurisdiction
LIMESTONE
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
$9.0M
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
1995
Stories
1
Buildings
2
Lot
10.46 ac
Current owner
From public records · entity-resolved
Greenbrier Preserve LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8624 MEMORIAL PKWY SW, HUNTSVILLE, AL 35802-3031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$8,956,178
Greenbrier Preserve LLC
James Fennell Speake
Warranty Deed
—
Jul 27, 2018
—
City Of Huntsville
Huntsville City Board Of Education
Warranty Deed
—
Feb 6, 2017
$500,000
Millard V Oakley
Tommy C Fitzgerald
Warranty Deed
—
Feb 6, 2017
$1,200,000
Millard V Oakley
Tommy C Fitzgerald
Warranty Deed
—
Jan 10, 2017
$1,000,000
Tommy Fitzgerald
Tricap Development LLC
Warranty Deed
—
Dec 20, 2016
$900,000
Millard V Oakley
Tommy C Fitzgerald
Warranty Deed
—
Nov 29, 2016
$265,900
Darren Dunlap
Murphy Homes INC
Warranty Deed
—
May 11, 2011
—
Huntsville City Board Of Education
Greenbrier Enterprises LLC
Warranty Deed
—
Apr 18, 2011
$285,000
Robert James Werka
Murphy Homes INC
Deed
—
Aug 11, 2010
—
Murphy Homes INC
Walden Land Company INC
Deed
$245,250 · Southbank Fsb
Oct 26, 2006
—
Tricap Development LLC
Wright K Technology INC
Corporation Deed
—
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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