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Property profile & analytics
OFF-MARKET
Estimated value
$5,465,000
Distribution centers
799 James Record SW Rd Huntsville, AL 35824-1540
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0448813
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Total area
84,608 SF
Lot
11 ac (479,160 SF)
APN
16-09-32-0-000-003.000
UPID
US03-0448813
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
-
GFA Warehouse & Storage
-
Business Interiors | Showroom Furniture & Home Goods
-
Team Worldwide Trucking Company
-
LG Warehouse & Storage
-
Southern Industries Home Improvements Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.47M
Owner & transaction history
Jetplex Center LLC · 9 yrs held
Jetplex Center LLC
since 2017
5 recorded transactions
Zoning & alternative use
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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
WAREHOUSE, STORAGE
$5,655,000
Current use
INDUSTRIAL (GENERAL)
$5,550,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$5.47M
Range $4.92M – $6.01M · ±10%
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
$65 / 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
$72,139
Tax year 2023
Assessed value
$1,243,780
Assessed 2023
Previous assessed
$936,420
+32.8% YoY
Effective rate
5.80%
On assessed value
Assessed land
$102,960
Assessed improvement
$1,140,820
Land market value
$514,800
Improvement market value
$5,704,100
Total market value
$6,218,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
84,608 SF
Lot
11 ac (479,160 SF)
APN
16-09-32-0-000-003.000
UPID
US03-0448813
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
11 ac
Current owner
From public records · entity-resolved
Jetplex Center LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5395 EMERY WAY #200, HOOVER, AL 35244-4592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Mar 8, 2019
—
Jetplex Center LLC
—
Loan Modification, Consolidation And Extension
related
$6,728,000 · Peoples Bk/al
May 2, 2017
$488,500
Jetplex Center LLC
Gcp-jetplex LLC
Warranty Deed
—
Jan 27, 2017
—
Gcp-jetplex LLC
—
Loan Modification
related
$200,000,000 · Wells Fargo Bk
Jun 27, 2008
$183,000
Highpoint Jetplex LLC
Cahaba Investments LLC
Deed
—
—
—
Gcp-jetplex LLC
—
Deed Of Trust
related
$72,200,000 · Wfb NA
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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