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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Medical Office Space
1628 29th S Ct Birmingham, AL 35209-2417
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0632231
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Total area
5,861 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C1
APN
28-00-07-3-026-006.000
UPID
US03-0632231
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
-
Powell Pediatric Dentistry Dental Office
-
Dr. Alexia C. Vaughn Physician
-
Advanced Eye Care Physician
-
Jasmine Benson Christion Physician
-
Industry Standard Professionals Food And Beverage Consultant Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.14M
Owner & transaction history
Central Crescent Properties LLC · 5 yrs held
Central Crescent Properties LLC
since 2021
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
C1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such…
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
163.02 ac
Source
Planning/Zoning (MapServer)
Top alternative use upside
Restaurant
$1.6M
+53.6%
Neighborhood: shopping center
$1.6M
+51.9%
Commercial (general)
$1.2M
+18.7%
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
$1,095,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,060,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,045,000
Current use
RESTAURANT
$1,605,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,585,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,240,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,180,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$980,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$945,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.15M (Feb 12 2021)
Last sale anchor
$1.15M
Feb 12 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
$195 / 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
$23,222
Tax year 2022
Assessed value
$261,060
Assessed 2023
Previous assessed
$309,620
-15.7% YoY
Effective rate
8.90%
On assessed value
Assessed land
$172,800
Assessed improvement
$88,260
Land market value
$864,000
Improvement market value
$441,300
Total market value
$1,305,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
6
Bathrooms
1
Total area
5,861 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C1
APN
28-00-07-3-026-006.000
UPID
US03-0632231
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Birmingham, ALZoning C1 · permitted uses
C1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such as small professional and health offices, barber/beauty shops, dry cleaners, small - to medium -scale offices, schools, churches, and neighborhood -serving public uses. This district is
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
163.02 ac
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$945,000
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2012
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Central Crescent Properties LLC
Entity
Mailing address
1628 29TH CT S #200, BIRMINGHAM, AL 35209-2417
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
$1,150,000
Central Crescent Properties LLC
Court South Properties LLC
Warranty Deed
$1,013,900 · Wells Fargo
Apr 23, 2012
—
Court South Properties LLC
Twin Properties LLC
Grant Deed
related
—
Jul 18, 2011
$240,000
Twin Properties LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 1, 1989
$54,000
Bobby J Barrett
—
Deed Of Trust
related
—
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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