Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    624 Goldwire SW Pl Birmingham, AL 35211-2816

    • Office Properties & Spaces
    • 1,602 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    6.1%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US03-0774918
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 624 Goldwire SW Pl

    Year built
    1963
    Lot size
    0.64 lot acres
    Property size
    1,602 SF
    Zone code
    M1
    Property type
    Office Properties & Spaces
    APN
    29-00-10-1-008-008.000
    APU
    2900101008008000

    Description

    This 14,263-square-foot flex warehouse, located at 624 Goldwire Pl SW in Birmingham, Alabama, presents a unique investment or occupancy opportunity. Built in 1963 and renovated in 2019, this single-story Class C building offers 20-foot ceilings, two loading docks, one dock-high door, and one drive-in door. The property features heavy power and is zoned M1. The building's spacious layout, with 50'x40' column spacing, is adaptable to various business needs. Previously used as an armored truck office, it boasts high-security features. A new roof and new HVAC system (ready for installation) are key improvements. Situated between Downtown Birmingham and West Homewood/Oxmoor, this location provides convenient access to I-65 and the city center. Surrounded by ongoing redevelopment projects, this property offers significant potential. The vacant space is available for sale or lease, with a starting lease rate of $7.50 per square foot NNN. While the office area may need some updating, the building's structure is in excellent condition, making it suitable for a wide range of industrial operations. This is a prime industrial space strategically positioned for success in a rapidly developing area. The property includes 14,263 square feet of total building space, all currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $310,000
      6.5%
      $285,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $369,000
      Market price range: $206k - $369k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8366
    Latitude
    33.4892
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,623
    $7,000
    $97,740
    $104,740
    -
    $35,000
    $488,700
    $523,700

    Comparable in this City

    • Value Estimation
      $300,000
      4,139 SF

      1001 14th SW Pl

      OFFICE (GENERAL) • 4,139 SF
      1001 14th SW Pl, Birmingham, AL 35211-2702
      View Details
    • Value Estimation
      $290,000
      1,522 SF

      2071 Montevallo SW Rd

      OFFICE (GENERAL) • 1,522 SF
      2071 Montevallo SW Rd, Birmingham, AL 35211-4427
      View Details
    • Value Estimation
      $645,000
      22,848 SF

      451 Industrial Ln

      OFFICE (GENERAL) • 22,848 SF
      451 Industrial Ln, Birmingham, AL 35211-4464
      View Details
    • Value Estimation
      $700,000
      68,816 SF

      820 Tom Martin Dr

      OFFICE (GENERAL) • 68,816 SF
      820 Tom Martin Dr, Birmingham, AL 35211-4448
      View Details
    • Value Estimation
      $2,110,000
      8,404 SF

      2881 Shannon Oxmoor Rd

      OFFICE (GENERAL) • 8,404 SF
      2881 Shannon Oxmoor Rd, Birmingham, AL 35211-5964
      View Details
    • Value Estimation
      $280,000
      1,632 SF

      836 Lomb SW Ave

      OFFICE (GENERAL) • 1,632 SF
      836 Lomb SW Ave, Birmingham, AL 35211-1237
      View Details

    Similar Nearby for Sale

    • $11,700,000

      Fully Occupied Flex Property

      Three-tenant flex property with long-term, stable tenants.
      1030 London Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing
      0.53 Acres

      Land For Sale, Birmingham, AL

      Land available in Birmingham, Alabama.
      2408 Parklawn Ave, Birmingham, AL 35211
      View Details
    • $325,000
      0.62 Acres

      Retail Investment Opportunity in Birmingham

      Three-building retail site with car wash and redevelopment potential.
      2 Southpark Rd, Birmingham, AL 35211
      View Details
    • $585,000
      4.67 Acres

      Birmingham Commercial Land - 4.67 Acres

      Prime Birmingham development site, excellent utilities.
      301 Leaf Lake Blvd, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Lakeshore Parkway Commercial Land

      High-visibility Birmingham land, ideal for development.
      2888 Lakeshore Pkwy, Birmingham, AL 35211
      View Details
    • Contact for pricing
      0.22 Acres

      Equipped Salon Space Available

      Fully equipped salon space for immediate operation in Birmingham, AL.
      400 Tuscaloosa Ave, Birmingham, AL 35211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      252,000 SF

      Princeton II Medical Office Suites

      Birmingham Medical Office Space Available
      817 Princeton Ave, Birmingham, AL 35211
      View Details
    • Contact for pricing
      252,000 SF

      Princeton III Medical Office Space

      Birmingham Medical Office Suites Available
      833 Princeton Ave, Birmingham, AL 35211
      View Details
    • Contact for pricing
      26,168 SF

      Princeton I Medical Office Building

      Jefferson County, 26,168 SF Available
      801 Princeton Ave, Birmingham, AL 35211
      View Details
    • $8 SF/Yr
      85,344 SF

      Heritage Towne Centre Retail Space

      Hoover, AL: Prime Retail Opportunity
      873 Dennison Ave, Birmingham, AL 35211
      View Details
    • Contact for pricing
      71,248 SF

      Lakeshore Parkway Retail Center

      Birmingham Power Center: High-Traffic Location
      2860 Lakeshore Pkwy, Birmingham, AL 35211
      View Details
    • $71 SF/Yr
      81,840 SF

      Oxmoor Warehouse: Huge Sublease Opportunity

      81,470 SF Warehouse, Prime Location
      300 Industrial Dr, Birmingham, AL 35211
      View Details
    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.
    624 Goldwire SW Pl
    Birmingham, AL 35211-2816
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.