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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Motels
8721 Madison Blvd Madison, AL 35758-1805
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0775067
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,660 SF
Lot
5.02 ac (218,497 SF)
APN
16-05-21-0-000-075.000
UPID
US03-0775067
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
$4.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.23M
Owner & transaction history
Shyam 23 LLC · 2 yrs held
Shyam 23 LLC
since 2023
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+992.4%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$4,145,000
ML approach
$4,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,875,000
Change: +992% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±10% · vs last sale $4.20M (Dec 29 2023)
Last sale anchor
$4.20M
Dec 29 2023
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
$334 / 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
$72,466
Tax year 2023
Assessed value
$1,031,800
Assessed 2023
Previous assessed
$1,031,800
+0.0% YoY
Effective rate
7.02%
On assessed value
Assessed land
$174,800
Assessed improvement
$857,000
Land market value
$874,000
Improvement market value
$4,285,000
Total market value
$5,159,000
Applied tax rate
5.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
12,660 SF
Lot
5.02 ac (218,497 SF)
APN
16-05-21-0-000-075.000
UPID
US03-0775067
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
RESTAURANT
Est. value
$2.9M
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Shyam 23 LLC
Entity
Mailing address
4500 ASHE DR SE, HUNTSVILLE, AL 35802-2565
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Shyam 23 LLC
—
Deed
related
$7,003,750 · Bankfirst Financial Services
Jun 14, 2024
—
Shyam 23 LLC
—
Deed
related
$1,000,000 · Bankfirst Financial Services
Dec 29, 2023
$4,202,298
Shyam 23 LLC
Vardan LLC
Warranty Deed
—
Feb 27, 2019
—
Sahaara Hospitality LLC
—
Deed
related
$1,822,916 · Quantum Mtg
May 23, 2018
$9,000
Varden LLC
Frawley,john R JR
Warranty Deed
—
Jan 2, 2018
$1,000
John R Frawley JR.
Sheriff Of Madison County|vardan LLC
Trustees Deed
related
—
Apr 30, 2013
$35,000
Vardan LLC
Guest Lodging INC
Warranty Deed
—
—
—
Vardan LLC
—
Deed Of Trust
related
$2,036,000 · Community Bank NA
—
—
Vardan LLC
—
Deed Of Trust
related
$1,425,200 · Envirocap LLC
—
—
Vardan LLC
—
Deed Of Trust
related
$1,464,000 · Alabama Small Busn Cap
—
—
Sahaara Hospitality LLC
—
Deed Of Trust
related
$1,822,916 · Quantum Mtg
—
—
Vardan LLC
—
Deed Of Trust
related
$2,036,000 · Community Bk/johnson Cnty
—
—
Vardan LLC
—
Deed Of Trust
related
$2,735,345 · Trans Atlantic Cap Grp INC
—
—
Vardan LLC
—
Deed Of Trust
related
$630,000 · Aileron Re Opportunities Fund
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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