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

    13521 Old Hwy 280 Birmingham, AL 35242-1405

    • Strip malls
    • 29,883 SF
    • 3.18 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2025
    $2,000,000
    Value Estimations
    $1,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0961298
    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

    • Valley Ridge Family Dentistry / Dentist
    • Trizone Homes / Home Builder
    • Allstate Insurance: Marnie Erdman / Home Insurance Agency / Insurance Company
    • Kish Patel DDS / Dentist
    • James Solomon: Allstate Insurance / Insurance Agency / Auto Insurance Agency

    Property Details for 13521 Old Hwy 280

    Year built
    2007
    Construction
    WOOD
    Lot size
    3.18 lot acres
    Property size
    29,883 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    94201004004000
    APU
    94201004004000

    Description

    This exceptional 0.46-acre commercial land parcel presents a unique investment opportunity in the thriving Meadowbrook, Alabama area. Located at 13521 Old Highway 280, this property boasts a highly desirable location just off Highway 280 within the established Narrows community. Its convenient access to major roadways ensures excellent visibility and accessibility for any business. The zoning allows for a variety of commercial uses, making it suitable for office spaces, professional services, medical facilities, or other compatible businesses. The established professional setting provides a strong foundation for success, attracting a high-quality clientele. This level, 0.46-acre lot offers significant potential for development, allowing for the construction of a new building or the adaptation of an existing structure. The asking price for this prime commercial land is $280,000. The property is situated in Shelby County, Alabama, with a zip code of 35242. Its coordinates are 33.370533 latitude and -86.6644762 longitude. Don't miss this chance to acquire a valuable piece of commercial real estate in a rapidly growing area. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,214,000
      Market price range: $394k - $1.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6645
    Latitude
    33.3708
    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
    2023
    $47,704
    $0.00
    $0.00
    $1,084,180
    -
    $1,454,710
    $3,966,100
    $5,420,810

    Comparable in this City

    • Value Estimation by Request
      27,986 SF

      5511 Hwy 280

      SHOPPING CENTER, STRIP CENTER • 27,986 SF
      5511 Hwy 280, Birmingham, AL 35242-6585
      View Details
    • Value Estimation by Request
      29,977 SF

      5510 Hwy 280

      SHOPPING CENTER, STRIP CENTER • 29,977 SF
      5510 Hwy 280, Birmingham, AL 35242-6582
      View Details
    • Value Estimation
      $2,865,000
      14,508 SF

      1801 Doug Baker Blvd

      SHOPPING CENTER, STRIP CENTER • 14,508 SF
      1801 Doug Baker Blvd, Hoover, AL 35242-4957
      View Details
    • Value Estimation
      $295,000
      17,244 SF

      505 Cahaba Park Cir

      SHOPPING CENTER, STRIP CENTER • 17,244 SF
      505 Cahaba Park Cir, Birmingham, AL 35242-5045
      View Details
    • Value Estimation by Request
      53,402 SF

      4700 Hwy 280

      SHOPPING CENTER, STRIP CENTER • 53,402 SF
      4700 Hwy 280, Birmingham, AL 35242-5164
      View Details
    • Value Estimation by Request
      87,495 SF

      4866 Florida Short Rte Rte

      SHOPPING CENTER, STRIP CENTER • 87,495 SF
      4866 Florida Short Rte Rte, Hoover, AL 35242
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.00 Acres

      Birmingham Commercial Land Lease

      6-Acre Tract, Ideal for Nursery/Staging
      0 Sicard Hollow Rd, Birmingham, AL 35242
      View Details
    • Contact for pricing
      7,200 SF

      Executive Office Building, Birmingham

      7,200 SF Class A Office, Highway 119
      7 Huddle Dr, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Prime Birmingham Mixed-Use

      Highway 280 Commercial Opportunity
      5425 Us Hwy 280, Birmingham, AL 35242
      View Details
    • $439,000
      1.54 Acres

      Prime Birmingham Commercial Land

      1.54 Acres, Office/Institutional Zoning
      1 Eagle Ridge Dr, Birmingham, AL 35242
      View Details
    • $405,000
      2,248 SF

      Charming Townhome in Cotswolds Community

      End-unit townhome with vibrant landscaping and community amenities.
      4610 Cotswold Ln, Birmingham, AL 35242
      View Details
    • $449,000
      1,637 SF

      Updated Townhome in Mt. Laurel

      Updated Mt. Laurel townhome with modern comfort, for rent or sale.
      62 Hawthorn St, Birmingham, AL 35242
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Highway 280

      High-traffic retail space available in Birmingham's busiest corridor.
      4639 S 280, Birmingham, AL 35242
      View Details
    • Contact for pricing
      52,000 SF

      4637 Us-280

      Lifestyle centers • 52,000 SF
      4637 Us-280, Birmingham, AL 35242
      View Details
    • Contact for pricing
      1,125 SF

      Retail Spaces on Highway 280

      Retail suites available with highway visibility near major retailers.
      5530 Highway 280, Birmingham, AL 35242
      View Details
    • $12 SF/Yr
      77,130 SF

      Highway 280 Executive Suites

      Prime Office Space, Flexible Sizes
      5511 Us-280, Birmingham, AL 35242
      View Details
    • Contact for pricing
      5,283 SF

      Inverness Village Retail Spaces

      Prime Birmingham retail suites, 1200-2760 sqft.
      5291 Valleydale Rd, Birmingham, AL 35242
      View Details
    • $24 SF/Yr
      7,200 SF

      Highway 280 Medical Suites Available

      Prime Birmingham medical space, multiple suites.
      5406 Us-280, Birmingham, AL 35242
      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.
    13521 Old Hwy 280
    Birmingham, AL 35242-1405
    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.