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Property profile & analytics
OFF-MARKET Estimated value $2,465,000
Medical Office Space

1401 24th N St Birmingham, AL 35234

27,565 SF 2.52 ac lot Built 1997
Entity Owned 7-yr Hold Free & Clear
Property ID
US03-0953240
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1997
Construction STEEL FRAME
Total area 27,565 SF
Lot 2.52 ac (109,597 SF)
Zoning code B6
APN 22-00-25-2-016-001.000
UPID US03-0953240
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
by Request
Comparable Approach Comparable
$2.86M
Blend (final) Blend
$2.47M
Owner & transaction history
Red Roof Investments LLC · 7 yrs held
Red Roof Investments LLC
since 2018
3 recorded transactions
2018
$500,000
2017
$400,000
2009
Price N/A
Zoning & alternative use
B6 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. The HID OR B -6, Health and Institutional District is provided for the orderly arrangement of buildings and uses on the campus of professional health care providers, hospitals, institutions of higher learning, including residential dwellings that are ass ociated with such uses and are located on the same campus of the associated institution, as well as ot…

Zone name Health And Institutional
General category CIVIC_INSTITUTIONAL
Zone area 564.87 ac
Source Planning/Zoning (MapServer)
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