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Property profile & analytics
OFF-MARKET
Estimated value
$13,060,000
Assisted living facilities
850 9th NW St Alabaster, AL 35007-9179
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0980799
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1971
Construction
WOOD
Total area
41,120 SF
Lot
10.24 ac (446,054 SF)
APN
137352001006000
UPID
US03-0980799
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
-
Your Choice CNA Academy University College
-
Ahava Healthcare of Alabaster Nursing Home
-
The Healthcare Center at Buck Creek Nursing Home
-
Laurelton Rehabilitation Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.06M
Owner & transaction history
850 9th Street Propco LLC · 4 yrs held
850 9th Street Propco LLC
since 2021
Last sale
$13.1M
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
$15,000,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$15,380,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$13.06M
Range $11.75M – $14.37M · ±10% · vs last sale $13.06M (Nov 17 2021)
Last sale anchor
$13.06M
Nov 17 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
$318 / 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
$73,671
Tax year 2023
Assessed value
$1,364,280
Assessed 2023
Previous assessed
$1,364,280
+0.0% YoY
Effective rate
5.40%
On assessed value
Land market value
$537,600
Improvement market value
$6,283,740
Total market value
$6,821,340
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Buildings
4
Stories
1
Rooms
54
Bathrooms
232
Total area
41,120 SF
Lot
10.24 ac (446,054 SF)
APN
137352001006000
UPID
US03-0980799
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$15.4M
RESTAURANT
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
1971
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Rooms
54
Bathrooms
232
Lot
10.24 ac
Current owner
From public records · entity-resolved
850 9th Street Propco LLC
Entity
Mailing address
600 3RD AVE FL, NEW YORK, NY 10016-1901
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$13,060,000
850 9th Street Propco LLC
Alabaster Realty Group LLC
Special Warranty Deed
$11,440,000 · Servisfirst Bank
Oct 9, 2018
$9,200,000
Alabaster Realty Group LLC
Alabaster Partners LLC
Trustees Deed
$9,700,000 · Servisfirst Bk
Apr 3, 2018
—
Alabaster Partners LLC
—
Trustees Deed
related
$1,236,700 · Piedmont Bk
Dec 27, 2016
—
Alabaster Partners LLC
—
Deed
related
$5,073,700 · Piedmont Bk
May 6, 2008
—
Alabaster Partners LLC
Thci Co LLC
Quit Claim Deed
related
$6,090,000 · Georgian Bank
May 6, 2008
$6,090,000
Alabaster Partners LLC
Thci Co LLC
Grant Deed
—
—
—
Alabaster Partners LLC
—
Deed Of Trust
related
$1,650,000 · Miami Capital Holdings I LLC
—
—
Alabaster Partners LLC
—
Deed Of Trust
related
$5,073,700 · Piedmont 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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