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Property profile & analytics
OFF-MARKET
Estimated value
$3,920,000
Manufacturing properties
709 Railroad Ave Albertville, AL 35951-3421
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0655377
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
48,400 SF
Lot
10 ac (435,600 SF)
Zoning code
10
APN
19-02-04-1-001-001.001
UPID
US03-0655377
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
-
Norwesco Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
$2.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.92M
Owner & transaction history
Nm Tank LP · 2 yrs held
Nm Tank LP
since 2024
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
10 · Albertville, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+607.9%
Auto repair, garage
$4.8M
+494.3%
Restaurant
$4.5M
+449.3%
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 Albertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albertville 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
$3,920,000
ML approach
$3,920,000
CAP Approach
CAP Return
Estimation
6%
$3,200,000
6.5%
$2,955,000
7%
$2,745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,755,000
Change: +608% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,830,000
Change: +494% · Conversion: Easy
RESTAURANT
$4,465,000
Change: +449% · Conversion: Difficult
OFFICE BUILDING
$3,995,000
Change: +391% · Conversion: Difficult
MEDICAL BUILDING
$3,780,000
Change: +365% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,210,000
Change: +295% · Conversion: Difficult
RETAIL STORES
$3,000,000
Change: +269% · Conversion: Moderate
Blend value · Realmo final
$3.92M
Range $3.53M – $4.31M · ±10% · vs last sale $3.92M (Jul 3 2024)
Last sale anchor
$3.92M
Jul 3 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
$81 / 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
$11,490
Tax year 2023
Assessed value
$247,100
Assessed 2023
Previous assessed
$247,100
+0.0% YoY
Effective rate
4.65%
On assessed value
Assessed land
$20,000
Assessed improvement
$227,100
Land market value
$100,000
Improvement market value
$1,135,500
Total market value
$1,235,500
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
48,400 SF
Lot
10 ac (435,600 SF)
Zoning code
10
APN
19-02-04-1-001-001.001
UPID
US03-0655377
Jurisdiction
MARSHALL
Zoning & alternative use
10 · Albertville, AL
Zoning 10 · permitted uses
10 · Albertville, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albertville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RESTAURANT
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
10 ac
Current owner
From public records · entity-resolved
Nm Tank LP
Entity
Free & Clear · 2 yrs held
Mailing address
6940 O ST STE #100, LINCOLN, NE 68510-2458
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Nm Tank LP
—
Deed
related
$86,389,388 · Bank Of Montreal
Jul 3, 2024
$3,920,000
Nm Tank LP
Tank Holding Corp
Warranty Deed
—
Apr 26, 2011
—
Norwesco INC
—
Deed Of Trust
related
$3,400,000 · General Electric Capital Corp
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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