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Property profile & analytics
OFF-MARKET
Estimated value
$13,425,000
Manufacturing properties
123 Industrial Dr Birmingham, AL 35211-4445
Entity Owned
9-yr Hold
Free & Clear
Property ID
US03-0571358
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Total area
243,849 SF
Lot
22.5 ac (980,100 SF)
Zoning code
CM1
APN
29-00-21-4-000-016.000
UPID
US03-0571358
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
-
Joe Piper, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.25M
Comparable Approach
Comparable
$13.60M
Blend (final)
Blend
$13.43M
Owner & transaction history
Joe Piper INC · 9 yrs held
Joe Piper INC
since 2017
4 recorded transactions
Zoning & alternative use
CM1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,680,000
6.5%
$17,245,000
7%
$16,010,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,345,000
Current use
Blend value · Realmo final
$13.43M
Range $12.08M – $14.77M · ±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
$55 / 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
$167,404
Tax year 2022
Assessed value
$2,767,040
Assessed 2023
Previous assessed
$2,309,020
+19.8% YoY
Effective rate
6.05%
On assessed value
Assessed land
$485,140
Assessed improvement
$2,281,900
Land market value
$2,425,700
Improvement market value
$11,409,500
Total market value
$13,835,200
Applied tax rate
30.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1991
Heating
SPACE
Stories
1
Bathrooms
1
Total area
243,849 SF
Lot
22.5 ac (980,100 SF)
Zoning code
CM1
APN
29-00-21-4-000-016.000
UPID
US03-0571358
Jurisdiction
JEFFERSON
Zoning & alternative use
CM1 · Birmingham, ALZoning CM1 · permitted uses
CM1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.3M
INDUSTRIAL (GENERAL) Current
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
1991
Heating
SPACE
Stories
1
Bathrooms
1
Lot
22.5 ac
Current owner
From public records · entity-resolved
Joe Piper INC
Entity
Free & Clear · 9 yrs held
Mailing address
123 INDUSTRIAL DR, BIRMINGHAM, AL 35211-4445
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2017
—
Joe Piper INC
Industrial Dev Board Of City/birm
Warranty Deed
—
May 3, 2005
—
Joe Piper INC
—
Trustees Deed
related
$17,000,000 · Amsouth Bk
—
—
Joe Piper INC
—
Deed Of Trust
related
$10,000,000 · Iberiabank
—
—
Joe Piper INC
—
Loan Modification
related
$22,500 · Iberiabank
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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