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Property profile & analytics
OFF-MARKET
Commercial land
831 Hwy 113 Flomaton, AL 36441-4561
Individually Owned
Absentee Owner
Free & Clear
Property ID
US03-2408113
Property summary
AI-generated overview
This is a 36.6± acre commercial site located in Escambia County, within Flomaton city limits, Alabama, approximately 2 miles west of the Alabama/Florida line. The property has high-traffic visibility along SR-113 and is positioned along the four-lane stretch that connects I-65 to Northwest Florida. Formerly the Flomaton Speedway, the site has existing infrastructure and ample space for staging, parking, or future buildout. The property features flat topography and easy access for commercial vehicles. Existing structures include a 50’x30’ metal building, a cabin-style structure, an outhouse-styled bathroom, and a covered patio. Additionally, there are seven sections of bleacher-style seating with a 750+ capacity, a press/announcer box, two concession stands, two restroom buildings, and a driver's registration building. The site is equipped with utilities and is suitable for a logistics hub, warehouse operation, retail complex, or entertainment venue.
Property profile
Verified
Property type
Commercial land
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
1,500 SF
Lot
6 ac (261,360 SF)
APN
24-05-22-3-002-001.000
UPID
US03-2408113
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
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
WILLNEILA W HENDERSON
WILLNEILA W HENDERSON
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 Flomaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flomaton 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
$676
Tax year 2023
Assessed value
$15,020
Assessed 2023
Previous assessed
$12,420
+20.9% YoY
Effective rate
4.50%
On assessed value
Land market value
$47,010
Improvement market value
$56,300
Total market value
$103,310
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
Commercial land
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Buildings
2
Stories
1
Total area
1,500 SF
Lot
6 ac (261,360 SF)
APN
24-05-22-3-002-001.000
UPID
US03-2408113
Jurisdiction
ESCAMBIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Stories
1
Buildings
2
Lot
6 ac
Current owner
From public records · entity-resolved
WILLNEILA W HENDERSON
Individual
Free & Clear · 0 yrs held
Mailing address
541 WINDSOR DR, MADISON, MS 39110-9550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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