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6941 Bellingrath Rd, Theodore, AL 36582
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Property summary
AI-generated overview
The property is a well-maintained retail/office strip center located at the corner of Highway 90 and Bellingrath Road in the Bellingrath Crossroads Center. Multiple spaces are offered within the center, and one listed unit provides approximately 3,150 square feet of interior space that can be divided. The building is suitable for use as a retail store or office and includes an open floor plan with storage, fully heated and cooled interior space, and a pylon sign. The site includes a traffic signal that supports access and egress, with frontage and visibility along Highway 90; it is positioned next to an Exxon Fuel and Stop Shop. The center is within about 1.5 miles of Theodore High School, Borroughs Elementary School, and Nan Grey Davis.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2006
Total area
10,080 SF
Lot
0.99 ac (42,907 SF)
APN
38 02 03 3 000 019.XXX
UPID
US03-0922136
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Department Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.77M
Owner & transaction history
since 2021
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$2.0M
+129.3%
Restaurant
$1.9M
+116.6%
Retail stores
$1.7M
+94.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.77M
Value range
$1.59M – $1.95M
±10% around blend
Estimated value / SF
$176 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$1.59M
blend $1.77M
$1.95M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,080 SF
Lot area
0.99 ac
Year built
2006
Stories
1
APN
38 02 03 3 000 019.XXX
Assessed value
$175,280
Annual tax
$11,345
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.24M
@ 6.5% CAP return
$2.07M
@ 7% CAP return
$1.92M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,345
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$959k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.9 mi away · 7,526 SF
8.7 mi away · 10,476 SF
9.0 mi away · 11,878 SF
9.7 mi away · 12,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$88
+99%
Submarket 23 sales
$108
+62%
County 312 sales
$89
+98%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $176/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+129%
vs current-use indication
Restaurant
Retail Stores
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
7.60%
Selected cap rate for this other investment properties
Derived from the Theodore market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.60%
9.0%
NOI (est.)
$42k *
Last sale · Sep 2021
$1.67M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$549k
Move the market yield to see immediate price impact.
Value / SF
$54
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.10%7.60%8.10%
$38k
$529k
$494k
$463k
$42k
$587k
$549k
$515k
$46k
$646k
$603k
$566k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$944k
4.4 mi · Nov 2025 · $102/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,345
Tax year 2023
Assessed value
$175,280
Assessed 2023
Previous assessed
$175,280
+0.0% YoY
Effective rate
6.47%
On assessed value
Assessed land
$29,180
Assessed improvement
$146,100
Land market value
$145,900
Improvement market value
$730,500
Total market value
$876,400
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
6
Total area
10,080 SF
Lot
0.99 ac (42,907 SF)
APN
38 02 03 3 000 019.XXX
UPID
US03-0922136
Jurisdiction
MOBILE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
6
Lot
0.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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