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Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Motels
950 Old Grants Ml Rd Irondale, AL 35210-1240
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-0912571
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2007
Total area
32,545 SF
Lot
2 ac (87,294 SF)
Zoning code
C2
APN
24-00-19-3-000-062.004
UPID
US03-0912571
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$7.29M
Owner & transaction history
Imani Genesis Hotel LLC · 3 yrs held
Imani Genesis Hotel LLC
since 2022
Last sale
$8.5M
5 recorded transactions
Zoning & alternative use
C2 · Irondale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+90.5%
Neighborhood: shopping center
$8.8M
+88.3%
Apartment house (5+ units)
$6.6M
+40.4%
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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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
$6,570,000
ML approach
$6,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,670,000
Current use
RESTAURANT
$8,900,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,800,000
Change: +88% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,560,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$5,795,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$5,440,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,305,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,240,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $8.50M (Nov 21 2022)
Last sale anchor
$8.50M
Nov 21 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
$224 / 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
$56,134
Tax year 2022
Assessed value
$1,839,680
Assessed 2023
Previous assessed
$991,760
+85.5% YoY
Effective rate
3.05%
On assessed value
Assessed land
$124,400
Assessed improvement
$1,715,280
Land market value
$622,000
Improvement market value
$8,576,400
Total market value
$9,198,400
Applied tax rate
13.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2007
Heating
HEAT PUMP
Cooling
YES
Stories
4
Rooms
99
Bathrooms
1
Total area
32,545 SF
Lot
2 ac (87,294 SF)
Zoning code
C2
APN
24-00-19-3-000-062.004
UPID
US03-0912571
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Irondale, AL
Zoning C2 · permitted uses
C2 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.7M
RESTAURANT
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
HEAT PUMP
Cooling
Yes
Stories
4
Rooms
99
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Imani Genesis Hotel LLC
Entity
Mailing address
1101 PENNSYLVANIA AVE NW STE #300, WASHINGTON, DC 20004-2582
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
—
Imani Genesis Hotel LLC
—
Deed
related
$3,657,900 · Lincoln Capital Management
Oct 22, 2024
—
Imani Genesis Hotel LLC
—
Deed
related
$6,096,500 · Newtek Bank
Oct 8, 2024
—
Imani Genesis Hotel LLC
—
Deed
related
$6,096,500 · Newtek Bank
Nov 21, 2022
$8,500,000
Imani Genesis Hotel LLC
Shiva Grp LLC
Special Warranty Deed
$6,210,000 · Summitbridge National Investments V
Apr 5, 2019
—
Shiva Group LLC
—
Grant Deed
related
$5,653,650 · Southern Bancorp
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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