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Property profile & analytics
OFF-MARKET
Office Spaces
717 3rd Notch St Troy, AL 36081-2516
Individually Owned
4-yr Hold
Free & Clear
Property ID
US03-2326733
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Construction
WOOD
Total area
18,764 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C
APN
55 10 09 32 3 008 008.002
UPID
US03-2326733
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
-
Human Resources Department Social Service Agency Charitable Organization
-
Cb's Farmer Market Grocery & Convenience Store Food Market
-
Sheik Styling Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jerry E Wells · 4 yrs held
Jerry E Wells
since 2022
Last sale
$356,250
2 recorded transactions
Zoning & alternative use
C · Troy, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,872
Tax year 2023
Assessed value
$267,160
Assessed 2023
Previous assessed
$267,160
+0.0% YoY
Effective rate
3.70%
On assessed value
Land market value
$99,400
Improvement market value
$1,236,380
Total market value
$1,335,780
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
25
Total area
18,764 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C
APN
55 10 09 32 3 008 008.002
UPID
US03-2326733
Jurisdiction
PIKE
Zoning & alternative use
C · Troy, AL
Zoning C · permitted uses
C · Troy, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
25
Lot
1.67 ac
Current owner
From public records · entity-resolved
Jerry E Wells
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 11086, BIRMINGHAM, AL 35202-1086
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$356,250
Jerry E Wells
Notch LLC
Warranty Deed
—
May 18, 2022
$1,425,000
Afb Properties LLC
Jerry E Wills
Warranty Deed
$1,068,750 · Listerhill Cu
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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