Property profile

1425 Richard Arrington Jr S Blvd Birmingham, AL 35205

OFF-MARKET
Office Spaces
Property ID
US03-0631957
13,554 SF 0.28 ac lot Built 1960
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1960
Total area 13,554 SF
Lot 0.28 ac (12,219 SF)
Zoning code B2
APN 28-00-06-3-007-001.000
UPID US03-0631957

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hospital Children's Hospital
  • Gym & Fitness Center
  • Pediatrician
  • Counselor
  • Counselor

Location

1425 Richard Arrington Jr S Blvd Birmingham, AL 35205-3898
Birmingham metro Census 4901 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.42M
Comparable Approach Comparable
$2.30M
Blend (final) Blend
$405k

Owner & transaction history

since 2008
3 recorded transactions
2017
Price N/A
2008
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Birmingham, AL
Zoning description

Section 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 Gener…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Restaurant $3.7M +127.1%
Neighborhood: shopping center $3.7M +124.5%
Apartment house (5+ units) $2.7M +67.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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