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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
1021 19th S St Birmingham, AL 35205-4803
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-0823341
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1934
Total area
2,808 SF
Lot
0.19 ac (8,400 SF)
Zoning code
B3
APN
29-00-01-1-011-004.001
UPID
US03-0823341
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
Current use
Occupant on record · Public records
-
Birmingham Dental Dental Office
-
Thornton & Booth Dental Office
-
Elizabeth Booth Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$367k
Blend (final)
Blend
$560k
Owner & transaction history
Cramer Real Estate LLC · 3 yrs held
Cramer Real Estate LLC
since 2023
Last sale
$614,000
1 recorded transaction
Zoning & alternative use
B3 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The use regulations are the same as those in the B-3 Community Business District. Subsection 3. Area and dimensional regulations. Except as provided in Articles VI and VIII, the area and dimensional regulations set froth in the following table shall be observed. Maximum Height of Structure Feet Minimum Yards Front Rear Side Minimum Lot Area Per Family Minimu…
Zone name
Community Business
General category
COMMERCIAL
Zone area
153.77 ac
Source
Planning/Zoning (MapServer)
Top alternative use upside
Neighborhood: shopping center
$760,000
+51.9%
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 Birmingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Birmingham 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
Method
Estimation
Statistic approach
$490,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $614k (Apr 3 2023)
Last sale anchor
$614k
Apr 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,815
Tax year 2022
Assessed value
$59,280
Assessed 2023
Previous assessed
$105,220
-43.7% YoY
Effective rate
6.44%
On assessed value
Assessed land
$35,280
Assessed improvement
$24,000
Land market value
$352,800
Improvement market value
$240,000
Total market value
$592,800
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1934
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,808 SF
Lot
0.19 ac (8,400 SF)
Zoning code
B3
APN
29-00-01-1-011-004.001
UPID
US03-0823341
Jurisdiction
JEFFERSON
Zoning & alternative use
B3 · Birmingham, ALZoning B3 · permitted uses
B3 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The use regulations are the same as those in the B-3 Community Business District. Subsection 3. Area and dimensional regulations. Except as provided in Articles VI and VIII, the area and dimensional regulations set froth in the following table shall be observed. Maximum Height of Structure Feet Minimum Yards Front Rear Side Minimum Lot Area Per Family Minimum Lot Width None, except where Federal Aviation Administration (FAA) Restrictions apply, in which case a waiver must be granted by the FAA to exceed FAA limitations. None None None None None Subsection 4. Parking and loading regulations.
Zone name
Community Business
General category
COMMERCIAL
Zone area
153.77 ac
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
OFFICE BUILDING
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$450,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1934
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Cramer Real Estate LLC
Entity
Mailing address
480 RENAISSANCE DR, HOOVER, AL 35226-4153
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$614,000
Cramer Real Estate LLC
Raphael J Thornton
Warranty Deed
$521,900 · Huntington National Bank
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.
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