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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Office Spaces
1201 28th N St Birmingham, AL 35234-3213
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-1742462
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Total area
16,528 SF
Lot
0.52 ac (22,800 SF)
Zoning code
CBI&CR
APN
22-00-25-1-009-007.000
UPID
US03-1742462
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.71M
Owner & transaction history
Lwkr Parrish Properties LLC · 5 yrs held
Lwkr Parrish Properties LLC
since 2021
Last sale
$12,794
3 recorded transactions
Zoning & alternative use
CBI&CR · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.5M
+190.8%
Apartment house (5+ units)
$3.3M
+116.9%
Medical building
$2.9M
+91.5%
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%
$3,200,000
6.5%
$2,950,000
7%
$2,740,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,470,000
Change: +191% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,330,000
Change: +117% · Conversion: Moderate
MEDICAL BUILDING
$2,940,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$2,765,000
Change: +80% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,660,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$2,020,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $13k (Feb 4 2021)
Last sale anchor
$13k
Feb 4 2021
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
$164 / 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
$2,349
Tax year 2022
Assessed value
$40,900
Assessed 2023
Previous assessed
$32,400
+26.2% YoY
Effective rate
5.74%
On assessed value
Assessed land
$10,260
Assessed improvement
$30,640
Land market value
$51,300
Improvement market value
$153,200
Total market value
$204,500
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Cooling
YES
Stories
3
Bathrooms
1
Total area
16,528 SF
Lot
0.52 ac (22,800 SF)
Zoning code
CBI&CR
APN
22-00-25-1-009-007.000
UPID
US03-1742462
Jurisdiction
JEFFERSON
Zoning & alternative use
CBI&CR · Birmingham, AL
Zoning CBI&CR · permitted uses
CBI&CR · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1967
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Lwkr Parrish Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2152 HWY 336, CHELSEA, AL 35043-6647
Ownership since
2021
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
Feb 4, 2021
—
Lwkr Parrish Properties LLC
Margaret K Parrish
Quit Claim Deed
related
—
May 2, 2019
$22,000
Apostolic Ch Of Promise INC
Xtreme Concepts INC
Quit Claim Deed
related
—
Nov 4, 2016
$12,794
Xtreme Concepts INC
Commissioner Of Jefferson County|apostolic Church
Tax 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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