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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Turn key restaurants
840 Colonial Promenade Pkwy Alabaster, AL 35007-3125
Entity Owned
Free & Clear
Property ID
US03-0853695
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Total area
6,150 SF
Lot
1.39 ac (60,592 SF)
APN
231011001002006
UPID
US03-0853695
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
-
Buffalo Wild Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.00M
Owner & transaction history
Southern Wings One Properties LLC
Southern Wings One Properties LLC
since 2025
Last sale
$2.0M
7 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 Alabaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alabaster 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
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $2.00M (Jul 30 2025)
Last sale anchor
$2.00M
Jul 30 2025
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
$324 / 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
$19,108
Tax year 2023
Assessed value
$353,860
Assessed 2023
Previous assessed
$353,860
+0.0% YoY
Effective rate
5.40%
On assessed value
Land market value
$954,320
Improvement market value
$814,940
Total market value
$1,769,260
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
6,150 SF
Lot
1.39 ac (60,592 SF)
APN
231011001002006
UPID
US03-0853695
Jurisdiction
SHELBY
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Southern Wings One Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
840 COLONIAL PROMENADE PKWY, ALABASTER, AL 35007-3125
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$1,998,290
Southern Wings One Properties LLC
Southern Wings Four LLC
Warranty Deed
—
Aug 28, 2023
—
Southrn Wings Four LLC
—
Deed
related
$3,000,000 · Renasant Bank
Dec 23, 2019
—
Southern Wings Four LLC
—
Deed
related
$1,500,000 · Renasant Bk
Jun 29, 2018
—
Southern Wings Fourllc
—
Trustees Deed
related
$1,500,000 · Renasant Bk
Aug 1, 2017
—
Southern Wings Four LLC
—
Loan Modification
related
$7,575,489 · Origin Bk
Jun 1, 2016
—
Southern Wings Four LLC
—
Deed
related
$1,000,000 · Origin Bk
Jun 29, 2015
—
Southern Wings Four LLC
—
Trustees Deed
related
$1,000,000 · Community Tr Bk
Oct 31, 2005
$1,000,000
Southern Wings Four LLC
Colonial Properties Services INC
Warranty Deed
$2,507,000 · First Commercial Bank
May 7, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Southern Wings Four LLC
—
Loan Modification
related
$1,500,000 · Origin Bk
—
—
Southern Wings Four LLC
—
Loan Modification
related
$1,000,000 · Origin Bk
—
—
Southern Wings Four LLC
—
Loan Modification
related
$1,500,000 · Renasant Bk
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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