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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Retail space
900 Merchants SW Walk Huntsville, AL 35801-5267
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0574716
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD
Total area
4,597 SF
Lot
0.47 ac (20,473 SF)
APN
17-01-01-3-005-017.000
UPID
US03-0574716
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
-
Lauren Battle: Allstate Insurance Insurance Agency
-
Save With Conrad Loan Service Bank
-
Allstate Personal Financial Representative: Douglas Butch Jeffries Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.08M
Owner & transaction history
Battle Legacy Holdings LLC · 2 yrs held
Battle Legacy Holdings LLC
since 2023
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+47.5%
Office building
$865,000
+29.5%
Commercial (general)
$680,000
+1.8%
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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
$1,025,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
RETAIL STORES
$670,000
Current use
MEDICAL BUILDING
$985,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$680,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.10M (Oct 30 2023)
Last sale anchor
$1.10M
Oct 30 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
$235 / 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
$10,505
Tax year 2023
Assessed value
$181,120
Assessed 2023
Previous assessed
$171,020
+5.9% YoY
Effective rate
5.80%
On assessed value
Assessed land
$49,140
Assessed improvement
$131,980
Land market value
$245,700
Improvement market value
$659,900
Total market value
$905,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
4,597 SF
Lot
0.47 ac (20,473 SF)
APN
17-01-01-3-005-017.000
UPID
US03-0574716
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
RETAIL STORES Current
Est. value
$670,000
MEDICAL BUILDING
Est. value
$985,000
OFFICE BUILDING
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$680,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Battle Legacy Holdings LLC
Entity
Mailing address
1006 BLUEFIELD AVE SE, HUNTSVILLE, AL 35801-3122
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$1,100,000
Battle Legacy Holdings LLC
Thotakura Properties LLC
Warranty Deed
$935,000 · Servisfirst Bank
May 23, 2018
$820,000
Thotakura Properties LLC
Huntsville Portfolio Assocs II
Warranty Deed
$664,000 · National Bk/commerce
May 18, 2017
—
Huntsville Portfolid Associates III
—
Deed
related
$400,000 · Cb&s Bank INC
Jan 30, 2015
$901,232
Huntsville Portfolio Assocs I
Mclain Commercial Props LLC
Warranty Deed
$215,732 · Cb&s Bk
Mar 3, 2008
$15,987,500
Mclain Commercial Props LLC
Mclain Eugene M
Warranty Deed
related
—
—
—
Mclain Commercial Props LLC
—
Deed Of Trust
related
$250,954 · Cb&s 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.
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