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Property profile

Gilmer Ave Lanett, AL 36863

OFF-MARKET
Retail space
Property ID
US03-2669374
18,900 SF 0.66 ac lot Built 2019
Entity Owned 5-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Total area 18,900 SF
Lot 0.66 ac (28,542 SF)
APN 12-10-07-25-3-018-001.000
UPID US03-2669374

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.71M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.13M
Blend (final) Blend
$3.13M

Owner & transaction history

since 2020
Last sale
$2.9M
2 recorded transactions
2020
$2.9M
2019
$364,500

Zoning & alternative use

Top alternative use upside
Restaurant $2.4M +16.7%
Office building $2.3M +12.8%
Commercial (general) $2.1M +2.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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