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Property profile & analytics
OFF-MARKET
Estimated value
$7,075,000
Hotels
160 State Farm Pkwy Birmingham, AL 35209-7186
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0501702
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
CONCRETE
Total area
33,361 SF
Lot
1.94 ac (84,594 SF)
Zoning code
PMVD
APN
29-00-23-3-001-001.000
UPID
US03-0501702
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
-
Drury Inn & Suites Birmingham Lakeshore Drive Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$7.08M
Owner & transaction history
Ddc Hotels INC · 3 yrs held
Ddc Hotels INC
since 2022
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
PMVD · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.1M
+90.5%
Neighborhood: shopping center
$9.0M
+88.3%
Commercial (general)
$7.0M
+47.1%
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
$6,305,000
ML approach
$6,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,790,000
Current use
RESTAURANT
$9,120,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,020,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,045,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,725,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$5,940,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$5,580,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,370,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$7.08M
Range $6.37M – $7.78M · ±10% · vs last sale $8.01M (Aug 8 2022)
Last sale anchor
$8.01M
Aug 8 2022
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
$212 / 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
$120,131
Tax year 2022
Assessed value
$2,463,300
Assessed 2023
Previous assessed
$2,463,300
+0.0% YoY
Effective rate
4.88%
On assessed value
Assessed land
$304,560
Assessed improvement
$2,158,740
Land market value
$1,522,800
Improvement market value
$10,793,700
Total market value
$12,316,500
Applied tax rate
12.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
5
Units
138
Rooms
13
Bathrooms
1
Total area
33,361 SF
Lot
1.94 ac (84,594 SF)
Zoning code
PMVD
APN
29-00-23-3-001-001.000
UPID
US03-0501702
Jurisdiction
JEFFERSON
Zoning & alternative use
PMVD · Birmingham, AL
Zoning PMVD · permitted uses
PMVD · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.8M
RESTAURANT
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.4M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
138
Rooms
13
Bathrooms
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Ddc Hotels INC
Entity
Free & Clear · 3 yrs held
Mailing address
13075 MANCHESTER RD #200, SAINT LOUIS, MO 63131-1836
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
$8,008,700
Ddc Hotels INC
Ddc Hotels Aig LLC
Warranty Deed
—
Dec 19, 2008
—
Ddc Hotels Aig LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Drury Inns INC
—
Deed Of Trust
related
$8,100,822 · First Com'l Bk Ltd
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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