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    Property profile & analytics

    139 State Farm Pkwy Birmingham, AL 35209-7106

    • Turn key restaurants
    • 9,559 SF
    • 1.94 lot acres
    OFF-MARKET
    Value Estimation
    $1,505,000
    Last Sale
    Oct 04, 2024
    $1,500,000
    Location Intelligence
    Property ID
    US03-0372803
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 139 State Farm Pkwy

    Year built
    1996
    Lot size
    1.94 lot acres
    Property size
    9,559 SF
    Zone code
    PMUD
    Property type
    Turn key restaurants
    APN
    29-00-23-4-008-004.000
    APU
    2900234008004000

    Description

    This exceptional redevelopment opportunity presents a 7,650 square foot former Landry's Seafood House restaurant situated on a 1.94-acre lot in Birmingham, Alabama. Located at 139 State Farm Parkway, this property boasts high visibility from I-65 and Lakeshore Parkway, within the Homewood Commons Shopping Center. The building is vacant and in good condition, including some existing kitchen equipment, making it move-in ready for immediate use or redevelopment. The property is zoned PMUD (Planned Mixed Use District), offering significant flexibility for a variety of commercial ventures. This prime location in Jefferson County, Alabama, zip code 35209, presents a unique chance to capitalize on a high-traffic area with excellent visibility and ample space for redevelopment. The asking price for this substantial property is $2,200,000. This is a rare opportunity to acquire a significant commercial property in a thriving Birmingham location. The existing structure provides a solid foundation for a variety of uses, making it an attractive investment for developers and entrepreneurs alike. Don't miss this chance to secure a prominent location with significant potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,440,000
      6.5%
      $1,615,000
      7%
      $1,345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,530,000
      Geo Method
      $1,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,470,000
      Retail
      $1,280,000
      Mixed-Use
      $1,395,000
      Hospitality
      $1,340,000
      Educational
      $1,615,000
      Residential Income
      $1,680,000
      Energy
      $1,355,000
      Income-Based Land
      $1,640,000
      Food Service
      $1,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8217
    Latitude
    33.4503
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $30,860
    $285,640
    $174,320
    $459,960
    -
    $1,428,200
    $871,600
    $2,299,800

    Comparable in this City

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    • Value Estimation
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      RESTAURANT • 17,906 SF
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    • Value Estimation
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      7,700 SF

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      RESTAURANT • 7,700 SF
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      View Details

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      Retail Space Near Lowe's

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    Birmingham, AL 35209-7106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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