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Property profile & analytics
OFF-MARKET
Estimated value
$7,245,000
Medical Office Space
1940 Stonegate Dr Vestavia Hls, AL 35242-2539
Entity Owned
1-yr Hold
Property ID
US03-0832366
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
19,620 SF
Lot
1.99 ac (86,772 SF)
Zoning code
C1
APN
28-00-12-2-000-002.016
UPID
US03-0832366
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
-
Joshua Eickstaedt Physician Medical Clinic
-
Surgical Dermatology Group - Birmingham Physician Medical Clinic
-
Dermatology Bham Physician Medical Clinic
-
Peter Boothman Physician Medical Clinic
-
Malia Downing Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$7.25M
Owner & transaction history
Mmof IV Vestavia Hills Port LLC · 1 yrs held
Mmof IV Vestavia Hills Port LLC
since 2024
Last sale
$9.7M
7 recorded transactions
Zoning & alternative use
C1 · Vestavia Hls, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+53.6%
Neighborhood: shopping center
$5.3M
+51.9%
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 Hls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vestavia Hls 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
$7,520,000
ML approach
$7,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,365,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,305,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$7.25M
Range $6.52M – $7.97M · ±10% · vs last sale $9.73M (Sep 1 2022)
Last sale anchor
$9.73M
Sep 1 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
$369 / 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
$69,526
Tax year 2022
Assessed value
$943,160
Assessed 2023
Previous assessed
$750,820
+25.6% YoY
Effective rate
7.37%
On assessed value
Assessed land
$242,980
Assessed improvement
$700,180
Land market value
$1,214,900
Improvement market value
$3,500,900
Total market value
$4,715,800
Applied tax rate
20.0000
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
2020
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
19,620 SF
Lot
1.99 ac (86,772 SF)
Zoning code
C1
APN
28-00-12-2-000-002.016
UPID
US03-0832366
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Vestavia Hls, AL
Zoning C1 · permitted uses
C1 · Vestavia Hls, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vestavia Hls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Mmof IV Vestavia Hills Port LLC
Entity
Mailing address
1000 URBAN CTR DR STE #675, VESTAVIA, AL 35242-2571
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$10,319,862
Mmof IV Vestavia Hills Port LLC
Dscp Vestavia LLC
Warranty Deed
—
Sep 1, 2022
$9,725,000
Spc Vestavia LLC
Smoothrock LLC
Warranty Deed
$10,455,000 · Commerceone Bank
Jul 28, 2021
—
Smoothrock LLC
—
Deed
related
$250,000 · Truist Bank
Aug 30, 2019
—
Smoothrock LLC
—
Deed
related
$733,037 · Branch Bk&tr
Nov 25, 2015
—
Stonegate Group LLC
—
Deed Of Trust
related
$7,897,331 · Branch Bk&tr
Nov 13, 2013
$457,500
Stonegate Group LLC
Harmon Holdings LLC
Warranty Deed
—
Oct 22, 2013
$457,500
Stonegate Group LLC
Harmon Holdings LLC
Warranty Deed
—
Jun 13, 2013
$457,500
Stonegate Group LLC
Harmon Holdings LLC
Warranty Deed
—
Jun 24, 2009
—
Harmon Holdings LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Smoothrock LLC
—
Deed Of Trust
related
$733,037 · Branch Bk&tr
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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