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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office Spaces
150 Smt Pl Vestavia, AL 35243-3100
Entity Owned
10-yr Hold
Property ID
US03-1499828
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1997
Total area
6,700 SF
Lot
52.57 ac (2,289,949 SF)
Zoning code
B2
APN
28-00-22-4-003-004.000
UPID
US03-1499828
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
-
Upper/Cut Lawn & Landscp Maintenance Landscaping General Contractor
-
Cameron At the Summit Apartment Building
-
150 Summit Apartments Apartment Complex Real Estate Agency
-
Stastny Law Firm LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.21M
Owner & transaction history
Summit Multifamily Ptrs LLC
Summit Multifamily Ptrs LLC
1 recorded transaction
Zoning & alternative use
B2 · Vestavia, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+56.0%
Neighborhood: shopping center
$1.8M
+54.2%
Apartment house (5+ units)
$1.4M
+15.0%
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 Vestavia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vestavia 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%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,175,000
Current use
RESTAURANT
$1,830,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,810,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,350,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$1,195,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$1,120,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,080,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$180 / 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
$834,795
Tax year 2022
Assessed value
$16,202,780
Assessed 2023
Previous assessed
$11,514,420
+40.7% YoY
Effective rate
5.15%
On assessed value
Assessed land
$3,453,460
Assessed improvement
$12,749,320
Land market value
$17,267,300
Improvement market value
$63,746,600
Total market value
$81,013,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
728
Bathrooms
416
Total area
6,700 SF
Lot
52.57 ac (2,289,949 SF)
Zoning code
B2
APN
28-00-22-4-003-004.000
UPID
US03-1499828
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Vestavia, AL
Zoning B2 · permitted uses
B2 · Vestavia, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vestavia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
728
Bathrooms
416
Lot
52.57 ac
Current owner
From public records · entity-resolved
Summit Multifamily Ptrs LLC
Entity
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Summit Multifamily Ptrs LLC
—
Deed Of Trust
related
$56,600,000 · Cbre Multifamily Cap
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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