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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Amusement parks
159 Business Ctr Dr Birmingham, AL 35244-2022
Individually Owned
4-yr Hold
Free & Clear
Property ID
US03-1250104
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
2005
Total area
7,500 SF
Lot
1.09 ac (47,306 SF)
APN
109300001009007
UPID
US03-1250104
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
-
Macc Solutions Distribution Center Logistics Company
-
Innovative Diagnostics Warehouse & Storage
-
Steel City Athletics Cheer & Dance Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$640k
Owner & transaction history
Max Lerner · 4 yrs held
Max Lerner
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+23.0%
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 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
$620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$820,000
Current use
COMMERCIAL (GENERAL)
$1,010,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $650k (Sep 3 2021)
Last sale anchor
$650k
Sep 3 2021
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
$85 / 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
$7,458
Tax year 2023
Assessed value
$127,220
Assessed 2023
Previous assessed
$127,220
+0.0% YoY
Effective rate
5.86%
On assessed value
Land market value
$270,840
Improvement market value
$365,240
Total market value
$636,080
Applied tax rate
8.0000
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
1
Total area
7,500 SF
Lot
1.09 ac (47,306 SF)
APN
109300001009007
UPID
US03-1250104
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
COMMERCIAL (GENERAL)
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Max Lerner
Individual
Free & Clear · 4 yrs held
Mailing address
2321 LONGLEAF WAY, VESTAVIA, AL 35243-2935
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
—
Sands Lerner Maxwell
—
Deed
related
$665,000 · First Horizon Bank
Sep 3, 2021
$650,000
Max Lerner
Louis D Francies
Warranty Deed
—
Feb 23, 2007
$740,000
Francies,louis D & Chung H
United Dev Properties LLC
Warranty Deed
$617,635 · Capital Bk/ca
May 24, 2004
$825,000
United Dev Properties LLC
United Land-birmingham LLC
Warranty Deed
related
$701,250 · Capital Bank NA
—
—
Louis D Francies
—
Deed Of Trust
related
$554,524 · Capital Bank NA
—
—
Louis D Francies
—
Loan Modification
related
$499,889 · Capital Bk
—
—
Louis D Francies
—
Deed Of Trust
related
$550,954 · Capital Bank NA
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.
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