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Property profile & analytics
FOR SALE
Retail properties & Spaces
Us Highway 98 Elberta, AL 36530
Individually Owned
2-yr Hold
Free & Clear
Property ID
US03-1513388
For Sale
1 / 18
$289,000
Us Highway 98, Elberta, AL 36530
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2019
Total area
2,440 SF
Lot
9.3 ac (405,108 SF)
APN
53-08-27-0-000-005.002
UPID
US03-1513388
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
Christopher S Mckenna · 2 yrs held
Christopher S Mckenna
since 2023
Last sale
$110,000
7 recorded transactions
Zoning & alternative use
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 Elberta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberta 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
$1,908
Tax year 2023
Assessed value
$67,300
Assessed 2023
Previous assessed
$67,300
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$42,320
Assessed improvement
$24,980
Land market value
$211,600
Improvement market value
$124,900
Total market value
$336,500
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
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
2019
Heating
NONE
Stories
1
Total area
2,440 SF
Lot
9.3 ac (405,108 SF)
APN
53-08-27-0-000-005.002
UPID
US03-1513388
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
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
1
Lot
9.3 ac
Current owner
From public records · entity-resolved
Christopher S Mckenna
Individual
Free & Clear · 2 yrs held
Mailing address
9441 COUNTY RD 97, ELBERTA, AL 36530-6189
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
—
Christopher S Mckenna
Christopher S Mckenna
Warranty Deed
related
—
Jun 22, 2017
—
Chris Mckenna
—
Deed
related
$75,000 · Centennial Bk
Jun 2, 2016
$110,000
Chris Mckenna
Pkp Sail LLC
Warranty Deed
$80,000
Apr 5, 2011
$85,000
Pkp Sail LLC
Vision Bk
Warranty Deed
—
Mar 16, 2011
$70,000
Vision Bk
Auctioneer Of Baldwin County
Trustees Deed
related
—
Feb 8, 2006
—
Ronald E Glynn
Ronald E Glynn
Intrafamily Transfer
related
$270,000 · Vision Bank
Aug 4, 2004
$320,750
Leo F Ginn III
Miller,terry L
Grant Deed
$155,750 · Terry L Miller
—
—
Chris Mckenna
—
Deed Of Trust
related
$75,000 · Centennial 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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