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Property profile & analytics
OFF-MARKET
Medical Office Space
112 Broadway St Birmingham, AL 35209-5312
Individually Owned
7-yr Hold
Free & Clear
Property ID
US03-0506516
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
2,869 SF
Lot
0.21 ac (9,078 SF)
Zoning code
C1
APN
29-00-13-2-022-025.000
UPID
US03-0506516
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
-
Dr. Edgar Luna Dental Office
-
Dr. Courtney Ringrose Dental Office
-
StoneCreek Dental Care - Homewood Dental Office
-
Courtney Rae Ringrose Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Reed,linda F Tr · 7 yrs held
Reed,linda F Tr
since 2019
1 recorded transaction
Zoning & alternative use
C1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such…
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
163.02 ac
Source
Planning/Zoning (MapServer)
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,407
Tax year 2022
Assessed value
$114,420
Assessed 2023
Previous assessed
$98,760
+15.9% YoY
Effective rate
6.47%
On assessed value
Assessed land
$58,100
Assessed improvement
$56,320
Land market value
$290,500
Improvement market value
$281,600
Total market value
$572,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,869 SF
Lot
0.21 ac (9,078 SF)
Zoning code
C1
APN
29-00-13-2-022-025.000
UPID
US03-0506516
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Birmingham, ALZoning C1 · permitted uses
C1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such as small professional and health offices, barber/beauty shops, dry cleaners, small - to medium -scale offices, schools, churches, and neighborhood -serving public uses. This district is
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
163.02 ac
Source
Planning/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Reed,linda F Tr
Individual
Free & Clear · 7 yrs held
Mailing address
3212 COLESBURY DR, HOOVER, AL 35226-2204
Ownership since
2019
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
May 2, 2019
—
Reed,linda F Tr
Reed James D
Quit Claim Deed
—
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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