Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redmont Land Lot For Sale Title is generated by Realmo AI

    3546 Lenox Road 1 lot, Birmingham, AL 35213

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,999

    Fantastic lot in Redmont with potential street-level elevation.

    Type:Lots/Land
    Lot size:
    0.29 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 3546 Lenox Road 1 lot

    General Information

    Standard status
    Active
    Lot size
    0.29 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Shelley Clark

    Listing agent Shelley Clark License #3823

    Listing office Ray & Poynor Properties

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Ray & Poynor Properties

    HighLights

    • Fantastic lot in Redmont
    • Potentially could be street level elevation
    • Survey available
    • Potential house drawings available

    Overview

    This is a lot located in Redmont. A survey and potential house drawings are available. The lot potentially could be street level elevation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7713203
    Latitude
    33.5036909

    Nearby Similar for Sale

    • $1,950

      Updated Office Suite For Sale

      Versatile 1,100 SF suite ideal for various businesses.
      524 RED LANE ROAD, BIRMINGHAM, AL 35215
      View Details
    • $475,000

      Birmingham Office Building For Sale

      Well-maintained office building with high occupancy and income potential.
      9729 PARKWAY EAST, BIRMINGHAM, AL 35215
      View Details
    • $2,300

      Red Lane Plaza Office Suite

      Efficient office suite in multi-tenant center, Birmingham, Alabama.
      524 RED LANE ROAD, BIRMINGHAM, AL 35215
      View Details
    • $600,000

      Birmingham Commercial Property For Sale

      Freestanding commercial property in Birmingham, offering versatile redevelopment opportunities.
      608 31ST STREET, BIRMINGHAM, AL 35203
      View Details
    • $365,000

      Restaurant Building For Sale

      Restaurant building with land and business for sale.
      96 NE 25TH AVENUE, BIRMINGHAM, AL 35215
      View Details
    • $1,200,000

      Two-Story Office Building with Storage

      Two-story office building with industrial storage and convenient location.
      1120 GADSDEN HIGHWAY, BIRMINGHAM, AL 35235
      View Details
    • $699,000

      6.5 Acre Commercial Land Opportunity

      Unrestricted 6.5 acre commercial land with highway access.
      3100 SUNRISE LANE, BIRMINGHAM, AL 35242
      View Details
    • $195,000

      BIRMINGHAM Mixed-Use Commercial Property

      Commercial property zoned B-2, great for business or development.
      4612 AVENUE P, BIRMINGHAM, AL 35208
      View Details
    • $10,500

      Versatile Mixed-Use Space in Birmingham

      Affordable venue/studio/office/retail space in Birmingham, AL.
      1612 3RD AVENUE, BIRMINGHAM, AL 35203
      View Details
    • $399,900

      Birmingham Automotive/Commercial Opportunity

      Commercial property suitable for auto sales, service, or other ventures.
      5547 1ST AVENUE, BIRMINGHAM, AL 35212
      View Details
    • $415,000

      Residential Lot in Gated Community

      3.58 acre lot with amenities near Hwy 280.
      284 SOUTH OAK DRIVE, BIRMINGHAM, AL 35242
      View Details
    • $399,000

      Land For Sale Birmingham

      1.9 acre commercial land for sale in Birmingham, Alabama.
      215 CARNOUSTIE, BIRMINGHAM, AL 35242
      View Details

    FAQs

    What type of property is this?
    Land - Fantastic lot in Redmont with potential street-level elevation.
    Where is this land located?
    The property is located at 3546 Lenox Road 1 lot Birmingham, AL.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: Fantastic lot in Redmont; Potentially could be street level elevation; Survey available
    (205) 879-3036
    We can help!
    Listing Contact
    Shelley Clark
    Real Estate License ID: 3823
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3546 Lenox Road 1 lot, BIRMINGHAM, AL 35213
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!