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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
934 Grubbs Ave Gardendale, AL 35071-2637
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-0604133
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Total area
4,442 SF
Lot
0.72 ac (31,500 SF)
Zoning code
R4
APN
14-00-14-1-001-011.000
UPID
US03-0604133
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
-
Savany Fadell MD Pediatrician Medical Clinic
-
Life Care Hospice Nursing Home
-
North Jefferson Pediatrics Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$520k
Owner & transaction history
North Jefferson Pediatrics INC · 9 yrs held
North Jefferson Pediatrics INC
since 2016
1 recorded transaction
Zoning & alternative use
R4 · Gardendale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$705,000
+35.6%
Auto repair, garage
$630,000
+20.5%
Neighborhood: shopping center
$625,000
+20.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$520,000
Current use
MEDICAL BUILDING
$705,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$425,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$117 / 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
$7,205
Tax year 2022
Assessed value
$123,720
Assessed 2023
Previous assessed
$119,880
+3.2% YoY
Effective rate
5.82%
On assessed value
Assessed land
$31,500
Assessed improvement
$92,220
Land market value
$157,500
Improvement market value
$461,100
Total market value
$618,600
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
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,442 SF
Lot
0.72 ac (31,500 SF)
Zoning code
R4
APN
14-00-14-1-001-011.000
UPID
US03-0604133
Jurisdiction
JEFFERSON
Zoning & alternative use
R4 · Gardendale, AL
Zoning R4 · permitted uses
R4 · 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
$520,000
MEDICAL BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
RETAIL STORES
Est. value
$425,000
COMMERCIAL (GENERAL) Current
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
North Jefferson Pediatrics INC
Entity
Mailing address
PO BOX 952, GARDENDALE, AL 35071-0952
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2016
$275,100
North Jefferson Pediatrics INC
Jkmm Holdings INC
Warranty Deed
$383,175 · Cadence Bk
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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