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Property profile & analytics
OFF-MARKET
Estimated value
$10,705,000
Grocery and convenience stores
9020 Bailey Cv SE Rd Huntsville, AL 35802-4002
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0660652
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2015
Total area
43,611 SF
Lot
5.84 ac (254,390 SF)
APN
18-09-32-1-005-019.000
UPID
US03-0660652
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
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
-
Walmart Home Services Social Service Agency
-
Walmart House Cleaning Services Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.25M
CAP Approach
CAP
$8.20M
Comparable Approach
Comparable
$7.18M
Blend (final)
Blend
$10.71M
Owner & transaction history
Exchangeright Net Leased Portfolio · 5 yrs held
Exchangeright Net Leased Portfolio
since 2021
Last sale
$12.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.8M
+31.6%
Office building
$6.9M
+3.5%
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
$13,435,000
ML approach
$11,250,000
CAP Approach
CAP Return
Estimation
6%
$8,885,000
6.5%
$8,200,000
7%
$7,615,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,705,000
Current use
MEDICAL BUILDING
$8,830,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$6,940,000
Change: +3% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,460,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$10.71M
Range $9.63M – $11.78M · ±10% · vs last sale $12.09M (Jan 20 2021)
Last sale anchor
$12.09M
Jan 20 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
$245 / 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
$59,782
Tax year 2023
Assessed value
$1,030,720
Assessed 2023
Previous assessed
$763,780
+34.9% YoY
Effective rate
5.80%
On assessed value
Assessed land
$444,680
Assessed improvement
$586,040
Land market value
$2,223,400
Improvement market value
$2,930,200
Total market value
$5,153,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2015
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
43,611 SF
Lot
5.84 ac (254,390 SF)
APN
18-09-32-1-005-019.000
UPID
US03-0660652
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
$6.7M
MEDICAL BUILDING
Est. value
$8.8M
OFFICE BUILDING
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.5M
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
2015
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
5.84 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2021
$12,085,660
Exchangeright Net Leased Portfolio
2200 Huntsville LLC
Special Warranty Deed
—
May 27, 2016
—
2200 Huntsville LLC
—
Deed
related
$11,008,350 · Wells Fargo Bank Northwest Wells Fargo Bank Northwest
May 9, 2016
$12,951,000
2200 Huntsville LLC
Map Bailey Cove LLC
Warranty Deed
—
Apr 29, 2015
$2,800,000
Map Bailey Cove LLC
John W Hays
Warranty Deed
$2,547,400 · Iberiabank
Oct 17, 2012
—
Comm 2006-fl12 Grocery Stores
Abnk Properties LLC
Deed In Lieu Of Foreclosure
related
—
Oct 12, 2006
$429,000
Abnk Properties LLC
Newkirk Montal LP
Special Warranty Deed
$150,000,000 · Barclays Capital Real Estate INC
—
—
2200 Huntsville LLC
—
Deed Of Trust
related
$11,008,350 · Wells Fargo Bank Northwest Wells Fargo Bank Northwest
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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