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Property profile & analytics
OFF-MARKET Estimated value $1,345,000
Investment properties

169 State Farm Pkwy Birmingham, AL 35209-7111

6,858 SF 0.82 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US03-0424985
Property summary
AI-generated overview

This exceptional 2,225 square foot medical office space is ideally situated at 169 State Farm Parkway in Homewood, Alabama, within Jefferson County, zip code 35209. Previously occupied by Stanton Optical, the property is fully built-out and ready for immediate occupancy by a medical professional or related business. The single-tenant space offers a turnkey solution, eliminating the need for extensive renovations or build-out costs. Its convenient location provides easy access for patients and staff, with excellent visibility and ample parking. The property is classified as both retail and office space, offering flexibility for a variety of medical uses. This presents a unique opportunity to acquire a well-appointed medical office in a thriving Birmingham suburb. The property's location in Homewood, Alabama, offers a strong demographic profile and a robust local economy. The building is ready for immediate use, minimizing downtime and maximizing return on investment. This is a rare opportunity to acquire a fully functional medical office space in a highly desirable location. Serious inquiries are encouraged to explore this exceptional investment opportunity. The property is located at 33.449536 latitude and -86.8225745 longitude.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2000
Total area 6,858 SF
Lot 0.82 ac (35,617 SF)
Zoning code PMUD
APN 29-00-23-3-001-001.016
UPID US03-0424985
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
  • McAlister's Deli Take-out & Catering
  • T.C.S.C.M. Restaurant Restaurant
  • Rush My Passport Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.28M
CAP Approach CAP
$1.23M
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.35M
Owner & transaction history
169 Sf LLC · 4 yrs held
169 Sf LLC
since 2022
Last sale
$1.7M
2 recorded transactions
2022
Price N/A
2022
$1.7M
Zoning & alternative use
PMUD · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.9M +29.4%
Neighborhood: shopping center $1.9M +28.0%
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