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Property profile & analytics
FOR LEASE
Office Spaces
919 Sharit Ave Gardendale, AL 35071
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0963454
For Lease
1 / 9
$2,595,000
919 Sharit Ave, Gardendale, AL 35071
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
20,566 SF
Lot
1.11 ac (48,569 SF)
Zoning code
CP
APN
14-00-14-1-001-005.002
UPID
US03-0963454
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
-
Gardendale City Schools School District Office
-
Gardendale Oral Surgery, P.C. Dental Office
-
ACT Physical Therapy Medical Clinic
-
Town & Country Surveying Inc Land Surveyor
-
Hae Bishop Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.60M
Owner & transaction history
Sharit II LLC · 4 yrs held
Sharit II LLC
since 2022
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
CP · Gardendale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.1M
+69.3%
Medical building
$3.3M
+35.6%
Auto repair, garage
$2.9M
+20.5%
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 Gardendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardendale 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
$2,410,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,415,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,090,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$3,275,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,910,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,900,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,975,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.60M
Range $2.34M – $2.85M · ±10% · vs last sale $2.65M (Jun 13 2022)
Last sale anchor
$2.65M
Jun 13 2022
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
$126 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,793
Tax year 2022
Assessed value
$393,760
Assessed 2023
Previous assessed
$279,420
+40.9% YoY
Effective rate
4.26%
On assessed value
Assessed land
$48,580
Assessed improvement
$345,180
Land market value
$242,900
Improvement market value
$1,725,900
Total market value
$1,968,800
Applied tax rate
10.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
20,566 SF
Lot
1.11 ac (48,569 SF)
Zoning code
CP
APN
14-00-14-1-001-005.002
UPID
US03-0963454
Jurisdiction
JEFFERSON
Zoning & alternative use
CP · Gardendale, AL
Zoning CP · permitted uses
CP · Gardendale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Sharit II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2200 WOODCREST PL STE #330, BIRMINGHAM, AL 35209-1378
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$2,650,000
Sharit II LLC
Quadrant Properties LLC
Warranty Deed
—
May 15, 2019
—
Quadrant Properties LLC
—
Deed
related
$908,257 · Southpoint Bk
—
—
Quadrant Properties LLC
—
Deed Of Trust
related
$908,257 · Southpoint Bk
—
—
Quadrant Properties LLC
—
Deed Of Trust
related
$1,092,250 · Branch Bk&tr
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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