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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Investment properties
760 Academy Dr Bessemer, AL 35022-8385
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-1010298
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Total area
11,890 SF
Lot
1.33 ac (57,891 SF)
Zoning code
C4
APN
38-00-30-2-001-085.000
UPID
US03-1010298
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Little Caesars Pizza Restaurant
-
Jade Garden Restaurant
-
Z's Tobacco & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Regions Bank (ATM) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.54M
Owner & transaction history
59 West LLC · 4 yrs held
59 West LLC
since 2021
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
C4 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+133.1%
Apartment house (5+ units)
$2.4M
+81.5%
Medical building
$1.9M
+45.3%
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 Bessemer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bessemer 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
$2,485,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,035,000
Change: +133% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,365,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$1,890,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,680,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,675,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.70M (Aug 16 2021)
Last sale anchor
$2.70M
Aug 16 2021
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
$213 / 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
$23,991
Tax year 2022
Assessed value
$389,440
Assessed 2023
Previous assessed
$349,220
+11.5% YoY
Effective rate
6.16%
On assessed value
Assessed land
$185,220
Assessed improvement
$204,220
Land market value
$926,100
Improvement market value
$1,021,100
Total market value
$1,947,200
Applied tax rate
52.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
11,890 SF
Lot
1.33 ac (57,891 SF)
Zoning code
C4
APN
38-00-30-2-001-085.000
UPID
US03-1010298
Jurisdiction
JEFFERSON
Zoning & alternative use
C4 · Bessemer, AL
Zoning C4 · permitted uses
C4 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bessemer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
59 West LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 130715, BIRMINGHAM, AL 35213-0715
Ownership since
2021
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 16, 2021
$2,700,000
59 West LLC
Bbv 59 West LLC
Warranty Deed
—
Jan 24, 2017
$1,950,000
Bbv Montgomery LLC
Forest View Apartments INC
Warranty Deed
$1,250,000 · Trustmark National Bank
Apr 29, 2005
—
Forest View Apartments INC
Bessemer A Ltd
Grant Deed
$1,700,660 · Colonial Bk/fl
Nov 7, 2001
—
Bessemer A Ltd
Bean Realty Part
Grant Deed
related
—
—
—
Forest View Apartments INC
—
Deed Of Trust
related
$1,271,000 · Nb Commerce
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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