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Property profile & analytics
OFF-MARKET
Strip malls
8919 Hwy 119 Alabaster, AL 35007-5318
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-1360266
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
16,688 SF
Lot
1.94 ac (84,506 SF)
APN
236142002030000
UPID
US03-1360266
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
-
Royal Fades Barber Lounge Barber Shop
-
The Shiny Shears Hair Salon
-
Russell Realty & Associates LLC Real Estate Agency
-
FIXit Residential Home Maintenance Repair, LLC Landscaping General Contractor
-
Absolute Health & Wellness 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
by Request
Owner & transaction history
State Of Alabama Dept Transporation · 5 yrs held
State Of Alabama Dept Transporation
since 2021
Last sale
$270,000
6 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
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
$9,823
Tax year 2023
Assessed value
$181,900
Assessed 2023
Previous assessed
$181,900
+0.0% YoY
Effective rate
5.40%
On assessed value
Land market value
$241,980
Improvement market value
$667,480
Total market value
$909,460
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
9
Bathrooms
2
Total area
16,688 SF
Lot
1.94 ac (84,506 SF)
APN
236142002030000
UPID
US03-1360266
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
9
Bathrooms
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
State Of Alabama Dept Transporation
Entity
Mailing address
7816 MERGANSER PL, TUSCALOOSA, AL 35405-6521
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
$270,000
State Of Alabama Dept Transporation
Swbp Investments LLC
Warranty Deed
—
Jan 4, 2021
$600,000
Jason C Collins
J & S Realty LLC
Warranty Deed
—
Jan 14, 2015
$675,000
J & S Realty LLC
Elliotsville Plaza LLC
Warranty Deed
$470,000 · Aliant Bank
Nov 16, 2005
$1,125,000
Elliotsville Plaza LLC
Cornerstone Investments LLC
Warranty Deed
$910,356 · Regions Bank
Nov 10, 2005
—
Cornerstone Investments LLC
Carter Homes & Dev Co INC
Warranty Deed
related
—
—
—
Elliotsville Plaza LLC
—
Deed Of Trust
related
$600,000 · Aliant Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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