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Property profile & analytics
OFF-MARKET
Drive through restaurants
Hwy 231 Troy, AL 36081
Individually Owned
Absentee Owner
Free & Clear
Property ID
US03-2061104
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2006
Construction
WOOD
Total area
2,426 SF
Lot
1.09 ac (47,611 SF)
Zoning code
C
APN
55 17 02 04 3 009 001.005
UPID
US03-2061104
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kelly Sharon
Kelly Sharon
since 2026
7 recorded transactions
Zoning & alternative use
C · Troy, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,490
Tax year 2023
Assessed value
$175,640
Assessed 2023
Previous assessed
$878,160
-80.0% YoY
Effective rate
3.70%
On assessed value
Land market value
$362,400
Improvement market value
$515,760
Total market value
$878,160
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,426 SF
Lot
1.09 ac (47,611 SF)
Zoning code
C
APN
55 17 02 04 3 009 001.005
UPID
US03-2061104
Jurisdiction
PIKE
Zoning & alternative use
C · Troy, AL
Zoning C · permitted uses
C · Troy, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Kelly Sharon
Individual
Free & Clear · 0 yrs held
Mailing address
517 MTN RDG RD, MILLBROOK, AL 36054-2139
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
31 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
—
Sci Sunset Mountain Mhp LLC
—
Deed
related
$2,156,700
May 4, 2026
$203,000
Kelly Sharon
Charlene Bundy
Warranty Deed
—
Nov 22, 2024
—
Henderson Bancshares INC
Troy Bank And Trust Company
Warranty Deed
—
Jan 8, 2024
—
Marvin W Jordan JR
Keith Wilson
Deed
related
—
Aug 30, 2023
$316,910
David E Griffin
Vonda Farris Wood
Warranty Deed
—
Jun 15, 2023
—
Asrienne Barnes
Sam Barnes
Deed
related
—
Feb 7, 2023
—
Troy Entertainment Partners LLC
—
Deed
related
$5,000,000 · Synovus Bank
Dec 2, 2022
—
Troy Bank & Trust Co
Pike County Board Of Education A Pu
Warranty Deed
—
Jun 29, 2022
$320,000
Lawrence Schumacher
Mary Catherine Mathews
Warranty Deed
—
May 9, 2022
$40,000
David Alabama LLC
Allison Shaun Powell
Warranty Deed
—
Mar 16, 2022
$22,500
Five LLC
David L Coppage
Warranty Deed
—
Mar 7, 2022
$12,000
Samuel C Green
Ricky Meeks
Warranty Deed
—
Jan 18, 2022
$3,000,000
Ira Holdings INC
Connie A Webb
Warranty Deed
$10,001 · Nissan Motor Acceptance Corp
Sep 30, 2021
$111,000
City Of Troy
Troy Marketplace LLC
Warranty Deed
—
Aug 25, 2021
—
William J Sansom
James Blake Streetman
Warranty Deed
—
Mar 12, 2021
$100,000
Jeff Watson
Small Tracts LLC
Deed
—
Jan 8, 2020
$289,000
Robert W Gardner JR
R Holman Head
Warranty Deed
—
Dec 30, 2019
$2,857,165
Hutton Troy Marketplace LLC
Thomaston Re LLC
Warranty Deed
—
Nov 7, 2019
$975,000
Zainabbas INC
Tuba INC
Warranty Deed
—
Aug 29, 2019
—
Thomas Gerald Parnell
Christophere Rose
Warranty Deed
—
Aug 27, 2019
—
City Of Troy Alabama
Pike County Board Of Education
Warranty Deed
—
Jun 27, 2019
$137,000
James Blake Streetman
William J Sansom
Warranty Deed
—
Aug 21, 2018
$687,500
Diamond Group LLC
Paimar INC
Warranty Deed
—
Mar 5, 2018
—
Beard Family Properties LP
Thelma B Bagley
Deed
—
Feb 8, 2017
$3,000
State Of Alabama Dept Of Transporta
Vipul V Patel
Deed
—
Dec 27, 2016
$350,000
David Chen Investment LLC
Wm Larry Powell Co LLC
Warranty Deed
—
Nov 10, 2016
—
Stinson LLC
Edna Sue Stinson
Warranty Deed
—
Jul 29, 2016
$617,140
Cft Nv Developments LLC
Troy Partners I LLC
Warranty Deed
—
Jun 27, 2016
—
Scfrc-hw-g LLC
Cnl Apf Partners LP
Special Warranty Deed
—
May 25, 2016
$593,850
H & W Leasing Of Troy LLC
Kenneth L Harris JR
Warranty Deed
—
Aug 21, 2008
—
Gregel Troy Restaurant LLC
Ccf Properties LLC
Special Warranty Deed
—
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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