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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
1121 Edenton St Birmingham, AL 35242-9257
Trust Owned
7-yr Hold
Free & Clear
Property ID
US03-0435118
Property summary
AI-generated overview
This exceptional 1,900 square foot executive office condominium is available for immediate occupancy. Located at 1121 Edenton Street, Birmingham, Alabama 35242, this property offers a unique blend of privacy and accessibility. Built in 2007, this two-story building boasts a total of 16,800 square feet, with this suite representing the entire available space within a single building. The suite is situated in a desirable location just off Highway 280 in the Inverness area, easily accessible via Cahaba Valley Road. Enjoy the secluded feel of this office space while maintaining convenient access to major thoroughfares. The building features an elevator for easy access to all floors. This is a single-suite building, offering complete privacy and control. The property is ideal for a business seeking a self-contained, high-quality office space. Showings are by appointment only. The minimum divisible space is 1,900 square feet, and the maximum contiguous space available is also 1,900 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
WOOD
Total area
3,621 SF
Lot
6.46 ac (281,334 SF)
APN
39310992018000
UPID
US03-0435118
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
-
Mitchell Marketing Solutions Advertising Agency Marketing & Advertising
-
Mantissa Corporation (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$645k
Owner & transaction history
Gallardo 2001 Family Living Trust · 7 yrs held
Gallardo 2001 Family Living Trust
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$980,000
+66.6%
Medical building
$645,000
+9.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$485,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$178 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,465
Tax year 2023
Assessed value
$146,940
Assessed 2023
Previous assessed
$146,940
+0.0% YoY
Effective rate
4.40%
On assessed value
Land market value
$235,340
Improvement market value
$499,300
Total market value
$734,640
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,621 SF
Lot
6.46 ac (281,334 SF)
APN
39310992018000
UPID
US03-0435118
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
MEDICAL BUILDING
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$485,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
Gallardo 2001 Family Living Trust
Trust
Free & Clear · 7 yrs held
Mailing address
13679 CHESTERFIELD DR, MOORPARK, CA 93021-2245
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2019
$1,000,000
Gallardo 2001 Family Living Trust
Treasures Of Heaven LLC
Warranty Deed
—
Dec 3, 2012
—
Treasures Of Heaven LLC
Treasures Of Heaven LLC
Quit Claim Deed
related
—
Nov 2, 2007
$671,000
Treasures Of Heaven LLC
Cahaba Beach Investments LLC
Warranty Deed
$570,350 · Evabank
May 25, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Treasures Of Heaven LLC
—
Deed Of Trust
related
$1,089,693 · Compass Bk
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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