Trust Owned Property summary
AI-generated overview
This exceptional single-tenant industrial warehouse, located at 108 Aquarius Drive in Birmingham, Alabama, 35209, offers 24,000 square feet of versatile space. Ideal for a variety of industrial uses, the property boasts a 16-foot ceiling height, providing ample vertical storage capacity. The warehouse features one dock-high door for efficient loading and unloading of goods. Power is supplied by a robust 3-phase, 240V, 800 Amp electrical service, ensuring sufficient power for demanding operations. The property's strategic location in Birmingham offers easy access to major transportation routes, enhancing logistical efficiency. This single-tenant occupancy provides a streamlined operational environment. The building's size and features make it a highly attractive option for businesses seeking a functional and well-equipped warehouse space in a prime Birmingham location. The property is situated at 33.46057351 latitude and -86.83882307 longitude. This presents a unique opportunity to acquire a substantial warehouse in a thriving Alabama market. Serious inquiries are encouraged.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1973
Total area
25,222 SF
Lot
2.76 ac (120,051 SF)
Zoning code
C5
APN
29-00-22-1-002-001.000
UPID
US03-0602822
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Party Supply Store Rental Equipment Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$675k
Owner & transaction history
since 2026
1 recorded transaction
Zoning & alternative use
C5 · Birmingham, AL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$675k
Value range
$608k – $743k
±10% around blend
Estimated value / SF
$27 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$608k
blend $675k
$743k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,222 SF
Lot area
2.76 ac
Year built
1973
Stories
1
APN
29-00-22-1-002-001.000
Zoning
C5
Assessed value
$185,520
Annual tax
$11,397
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$906k
Range $906k – $4.02M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$675k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 183 sales
$88
-70%
County 256 sales
$76
-65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $27/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$186k
Move the market yield to see immediate price impact.
Value / SF
$7
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$234k
$167k
$130k
$13k
$260k
$186k
$144k
$14k
$286k
$204k
$159k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,397
Tax year 2022
Assessed value
$185,520
Assessed 2023
Previous assessed
$151,960
+22.1% YoY
Effective rate
6.14%
On assessed value
Assessed land
$64,820
Assessed improvement
$120,700
Land market value
$324,100
Improvement market value
$603,500
Total market value
$927,600
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1973
Heating
SPACE
Cooling
YES
Stories
1
Total area
25,222 SF
Lot
2.76 ac (120,051 SF)
Zoning code
C5
APN
29-00-22-1-002-001.000
UPID
US03-0602822
Jurisdiction
JEFFERSON
Zoning & alternative use
C5 · Birmingham, ALZoning C5 · permitted uses
C5 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1973
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C5
Jurisdiction
Birmingham, AL
Recorded code
C5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C5 in Birmingham, AL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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Your membership includes if available
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