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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail properties & Spaces
6704 Grasselli Rd Fairfield, AL 35064-1143
Individually Owned
10-yr Hold
Free & Clear
Property ID
US03-0934985
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1998
Total area
6,976 SF
Lot
0.38 ac (16,520 SF)
Zoning code
B1
APN
30-00-14-4-007-003.000
UPID
US03-0934985
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
-
Braidsbykeshia Hair Salon Nail Salon
-
Tall Income Tax Tax Preparation
-
BBK Diamond Hair Cosmetic Store Big Box & Wholesale Store
-
Braider4U Hair Salon
-
Kendra does it all Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$795k
Owner & transaction history
April Chavers · 10 yrs held
April Chavers
since 2015
5 recorded transactions
Zoning & alternative use
B1 · Fairfield, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+110.8%
Auto repair, garage
$985,000
+87.4%
Neighborhood: shopping center
$985,000
+86.8%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$525,000
Current use
MEDICAL BUILDING
$1,110,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +87% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$114 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,907
Tax year 2022
Assessed value
$89,660
Assessed 2023
Previous assessed
$65,860
+36.1% YoY
Effective rate
5.47%
On assessed value
Assessed land
$4,140
Assessed improvement
$85,520
Land market value
$20,700
Improvement market value
$427,600
Total market value
$448,300
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
6,976 SF
Lot
0.38 ac (16,520 SF)
Zoning code
B1
APN
30-00-14-4-007-003.000
UPID
US03-0934985
Jurisdiction
JEFFERSON
Zoning & alternative use
B1 · Fairfield, AL
Zoning B1 · permitted uses
B1 · Fairfield, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$810,000
RETAIL STORES
Est. value
$670,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
April Chavers
Individual
Free & Clear · 10 yrs held
Mailing address
6596 NEWBRIDGE DR, BESSEMER, AL 35022-2007
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2015
$30,500
April Chavers
State Land Commissioner|rivers,sam & Lucile
Trustees Deed
—
Nov 17, 2010
—
Allied Waste Svcs
Owner Name Unavailable
Grant Deed
related
—
May 22, 2009
—
Rivers,sam & Lucile
Owner Name Unavailable
Grant Deed
related
—
Mar 9, 1998
—
Sam Rivers
Rivers,sam
Quit Claim Deed
related
—
Oct 1, 1995
$27,000
New Owner
Donald,c J JR
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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