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Property profile & analytics
OFF-MARKET
Estimated value
$6,010,000
Office buildings
Lee W St Summerdale, AL 36580
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US03-2220313
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
28,590 SF
Lot
2.86 ac (124,582 SF)
APN
48-09-31-1-000-027
UPID
US03-2220313
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
$5.47M
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$6.01M
Owner & transaction history
Public Building Authority Of Town · 16 yrs held
Public Building Authority Of Town
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.8M
+69.4%
Restaurant
$8.7M
+68.0%
Medical building
$5.6M
+7.7%
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 Summerdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerdale 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%
$5,930,000
6.5%
$5,470,000
7%
$5,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,190,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,790,000
Change: +69% · Conversion: Easy
RESTAURANT
$8,720,000
Change: +68% · Conversion: Moderate
MEDICAL BUILDING
$5,590,000
Change: +8% · Conversion: Easy
RETAIL STORES
$4,795,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,705,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$6.01M
Range $5.41M – $6.61M · ±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
$210 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$678,380
Assessed 2023
Previous assessed
$678,380
+0.0% YoY
Assessed land
$50,620
Assessed improvement
$627,760
Land market value
$253,100
Improvement market value
$3,138,800
Total market value
$3,391,900
Applied tax rate
12.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
28,590 SF
Lot
2.86 ac (124,582 SF)
APN
48-09-31-1-000-027
UPID
US03-2220313
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
RESTAURANT
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.86 ac
Current owner
From public records · entity-resolved
Public Building Authority Of Town
Entity
Mailing address
PO BOX 148, SUMMERDALE, AL 36580-0148
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Feb 1, 2017
—
Public Building Authority Of Town
—
Deed
related
$2,085,000 · Regions Bk
Jun 21, 2010
—
Public Building Authority Of Town
Rbc Bk USA
Warranty Deed
$1,845,000 · Regions Bk/fayette
Jun 30, 2008
$2,539,000
Rbc Bank USA
First Gulf Bank NA
Warranty Deed
related
—
Oct 13, 2005
$440,000
First Gulf Bank
Norwood,charles A
Warranty Deed
related
—
—
—
Public Building Authority Of Town
—
Deed Of Trust
related
$2,085,000 · Regions 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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