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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Specialty properties
146 Resource Ctr Pkwy Birmingham, AL 35242-8095
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0749553
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2000
Construction
WOOD
Total area
11,439 SF
Lot
1.94 ac (84,724 SF)
APN
27360001011002
UPID
US03-0749553
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
-
Emarico Business Administration Service
-
Veterinary Specialists of Birmingham Veterinary Clinic
-
Vet. Surgery Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$825k
Owner & transaction history
Realty Income Us Cove Plus 3 LP · 1 yrs held
Realty Income Us Cove Plus 3 LP
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+44.2%
Auto repair, garage
$1.1M
+42.3%
Restaurant
$1.0M
+35.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$760,000
Current use
COMMERCIAL (GENERAL)
$1,095,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,080,000
Change: +42% · Conversion: Difficult
RESTAURANT
$1,030,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$770,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$72 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$31,427
Tax year 2023
Assessed value
$473,640
Assessed 2023
Previous assessed
$473,640
+0.0% YoY
Effective rate
6.64%
On assessed value
Land market value
$935,000
Improvement market value
$1,433,160
Total market value
$2,368,160
Applied tax rate
14.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
20
Bathrooms
1
Total area
11,439 SF
Lot
1.94 ac (84,724 SF)
APN
27360001011002
UPID
US03-0749553
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$645,000
VETERINARY, ANIMAL HOSPITAL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
20
Bathrooms
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Realty Income Us Cove Plus 3 LP
Entity
Free & Clear · 1 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
—
Realty Income Us Cove Plus 3 LP
Realty Income Properties 18 LLC
Warranty Deed
—
Dec 2, 2022
$5,621,905
Realty Income Properties 18 LLC
Nva Re LLC
Special Warranty Deed
—
Dec 23, 2021
$5,600,000
Nva Re LLC
Talc Properties LLC
Warranty Deed
—
Sep 7, 2018
—
Talc Properties LLC
—
Deed
related
$1,900,000 · Iberia Bk
Mar 17, 2017
$1,800,000
Talc Properties LLC
Emarico INC
Warranty Deed
$1,530,000 · Iberiabank
—
—
Talc Properties LLC
—
Deed Of Trust
related
$1,900,000 · Iberia Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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