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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Warehouses
109 Citation Ct Birmingham, AL 35209-6306
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-0663250
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
STEEL FRAME
Total area
28,887 SF
Lot
0.77 ac (33,571 SF)
Zoning code
L1
APN
29-00-22-3-000-018.001
UPID
US03-0663250
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
-
Advanced Corrosion Technology Factory Production Facility
-
MidSouth Tag and Label Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$1.05M
Owner & transaction history
Egm 109 Citation Court LLC · 2 yrs held
Egm 109 Citation Court LLC
since 2023
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
L1 · Birmingham, AL
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
$925,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.16M (Dec 27 2023)
Last sale anchor
$1.16M
Dec 27 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
$36 / 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
$12,950
Tax year 2022
Assessed value
$231,420
Assessed 2023
Previous assessed
$172,660
+34.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$20,140
Assessed improvement
$211,280
Land market value
$100,700
Improvement market value
$1,056,400
Total market value
$1,157,100
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
28,887 SF
Lot
0.77 ac (33,571 SF)
Zoning code
L1
APN
29-00-22-3-000-018.001
UPID
US03-0663250
Jurisdiction
JEFFERSON
Zoning & alternative use
L1 · Birmingham, ALZoning L1 · permitted uses
L1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Egm 109 Citation Court LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3005 4TH AVE S, BIRMINGHAM, AL 35233-3026
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$1,157,100
Egm 109 Citation Court LLC
Mid South Real Estate Holdings LLC
Warranty Deed
—
Jul 25, 2012
$883,000
Mid South Real Estate Holdings
109 Citation Court Property Ll
Grant Deed
related
—
Apr 2, 2007
—
109 Citation Court Prop LLC
2500 Associates LLC
Warranty Deed
$1,041,250 · Regions Bk/norcross Ga
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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