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

    611 Republic Cir Birmingham, AL 35214

    • Commercial land
    • 5.50 lot acres
    For Lease
    View listing
    Last Sale
    Jun 21, 2021
    $1,500,000
    Value Estimations
    $1,465,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0973089
    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

    • Commercial land

    Property Details for 611 Republic Cir

    Lot size
    5.50 lot acres
    Zone code
    M2
    Property type
    Commercial land
    APN
    22-00-29-4-000-010.000
    APU
    2200294000010000

    Description

    This exceptional 3.36-acre industrial land parcel presents a compelling investment opportunity in Birmingham, Alabama. Located at 611 Republic Circle, the property boasts significant frontage of 558 feet along Republic Circle, providing excellent visibility and accessibility. The site is zoned M-2, offering a range of potential industrial uses. The land is currently available as a ground lease, presenting a unique opportunity for long-term investment. With its substantial size and prime location in Jefferson County, this property is ideally suited for various industrial developments. The single-tenant nature of the land simplifies ownership and management, making it an attractive option for investors seeking a straightforward and potentially high-return investment. The address is easily accessible, situated within a well-established industrial area of Birmingham, offering convenient access to major transportation routes and supporting infrastructure. The property's size and zoning provide ample flexibility for a variety of industrial projects, from warehousing and distribution to light manufacturing. This is a rare opportunity to acquire a significant industrial land parcel in a thriving Alabama market. The 35214 zip code further underscores the property's strategic location within a dynamic commercial area. Serious inquiries are encouraged to explore the full potential of this exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,430,000
      ML approach
      $1,430,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8718
    Latitude
    33.5255
    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
    $3,190
    $44,000
    $0.00
    $44,000
    -
    $220,000
    $0.00
    $220,000

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      1321 2nd St

      VACANT COMMERCIAL LAND • 0.12 Acres
      1321 2nd St, Birmingham, AL 35214-5378
      View Details
    • Value Estimation by Request
      0.06 Acres

      808 1st St

      VACANT COMMERCIAL LAND • 0.06 Acres
      808 1st St, Birmingham, AL 35214-5008
      View Details
    • Value Estimation by Request
      0.30 Acres

      1117 2nd St

      VACANT COMMERCIAL LAND • 0.30 Acres
      1117 2nd St, Birmingham, AL 35214-5317
      View Details
    • Value Estimation by Request
      0.05 Acres

      2115 Veterans Memorial Dr

      VACANT COMMERCIAL LAND • 0.05 Acres
      2115 Veterans Memorial Dr, Birmingham, AL 35214-1523
      View Details
    • Value Estimation by Request
      1.20 Acres

      2151 Veterans Memorial Dr

      VACANT COMMERCIAL LAND • 1.20 Acres
      2151 Veterans Memorial Dr, Birmingham, AL 35214-1523
      View Details
    • Value Estimation by Request
      0.38 Acres

      207 Walnut St

      VACANT COMMERCIAL LAND • 0.38 Acres
      207 Walnut St, Birmingham, AL 35214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.20 Acres

      Commercial Land in Forestdale, AL

      1.2 acre commercial land suitable for new business development.
      2151 Veterans Memorial Dr, Birmingham, AL 35214
      View Details
    • $150,000
      5.90 Acres

      Highway 78 Commercial Land

      Commercial land on Highway 78 in Forestdale area.
      1057 Forestdale Blvd, Birmingham, AL 35214
      View Details
    • Contact for pricing
      0.74 Acres

      Residential Lot in Birmingham, AL

      Residential lot for sale in a central Birmingham location.
      539 Crumley Chapel Rd, Birmingham, AL 35214
      View Details
    • Contact for pricing
      2.26 Acres

      Residential Land in Birmingham, AL

      Unimproved land suitable for building a home or investment property.
      705 Rushway Ln, Birmingham, AL 35214
      View Details
    • New
      Contact for pricing
      0.16 Acres

      Vacant Lot Near Downtown Birmingham

      Well-manicured vacant lot near downtown Birmingham, zoned R4.
      2022 10Th Way, Birmingham, AL 35214
      View Details
    • Contact for pricing
      0.30 Acres

      Vacant Lot in Pratt City

      Vacant lot, 15 minutes to Central Business District and UAB.
      922 1St St, Birmingham, AL 35214
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo

      Industrial Lot in Central Birmingham

      Two-acre industrial lot for lease near I-65.
      4251 Acipco Industrial Dr, Birmingham, AL 35214
      View Details
    • Contact for pricing

      Commercial Land for Ground Lease

      Located in Birmingham-Hoover MSA, less than 2 miles from I-59.
      611 Republic Cir, Birmingham, AL 35214
      View Details
    • Contact for pricing

      Birmingham Industrial Land Investment

      3.36-Acre Lot, Excellent Frontage
      611 Republic Cir, Birmingham, AL 35214
      View Details
    • Contact for pricing
      4,917 SF

      Office Space in Birmingham

      4,917 square feet of office space available for rent.
      10th Avenue S 2700, Birmingham, AL 35214
      View Details
    • Contact for pricing
      173,250 SF

      Industrial Space with 32' Clearance

      Available industrial space featuring concrete construction and ESFR sprinkler system.
      225 Daniel Payne Dr, Birmingham, AL 35214
      View Details
    • Contact for pricing
      3,200 SF

      Forestdale Retail Space Available

      High-traffic retail space in Forestdale, AL.
      1552 Forestdale Blvd, Forestdale, AL 35214
      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.
    611 Republic Cir
    Birmingham, AL 35214
    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.