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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Banks
711 Cox Crk Pkwy Florence, AL 35630-1001
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-3102725
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2010
Total area
7,342 SF
Lot
0.9 ac (39,204 SF)
Zoning code
2
APN
15-07-35-1-002-003-000
UPID
US03-3102725
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
-
M. Chadwick Brewer, O.D. Physician
-
Florence Eye Center: Kachelman Ben OD Physician
-
Florence Eye Center Physician
-
Cagle Laurie OD Physician
-
Specs Downtown Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$805k
Owner & transaction history
Basden Properties LLC · 2 yrs held
Basden Properties LLC
since 2023
Last sale
$45,000
4 recorded transactions
Zoning & alternative use
2 · Florence, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+2.3%
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 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
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
FINANCIAL BUILDING
$1,050,000
Current use
OFFICE BUILDING
$1,075,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $45k (Nov 20 2023)
Last sale anchor
$45k
Nov 20 2023
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
$110 / 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
$17,995
Tax year 2023
Assessed value
$42,560
Assessed 2023
Previous assessed
$367,240
-88.4% YoY
Effective rate
42.28%
On assessed value
Assessed land
$42,560
Land market value
$212,800
Improvement market value
$1,623,420
Total market value
$1,836,220
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
7
Bathrooms
5
Total area
7,342 SF
Lot
0.9 ac (39,204 SF)
Zoning code
2
APN
15-07-35-1-002-003-000
UPID
US03-3102725
Jurisdiction
LAUDERDALE
Zoning & alternative use
2 · Florence, AL
Zoning 2 · permitted uses
2 · Florence, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
FINANCIAL BUILDING Current
OFFICE BUILDING
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
5
Lot
0.9 ac
Current owner
From public records · entity-resolved
Basden Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
711 COX CRK PKWY, FLORENCE, AL 35630-1001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Nov 20, 2023
$45,000
Basden Properties LLC
Colin Garrison
Warranty Deed
—
Oct 21, 2021
—
Basden Properties LLC
—
Deed
related
$200,000 · First Bank
Feb 27, 2020
—
Basden Properties LLC
—
Deed
related
$300,000 · Firstbank NA
Mar 21, 2019
—
Basden Properties LLC
—
Deed
related
$1,942,870 · First Bank
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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