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Property profile & analytics
OFF-MARKET
Office buildings
198 Narrows Dr Ste 105 Birmingham, AL 35242-8663
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0586931
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
WOOD
Total area
1,320 SF
Lot
0.03 ac (1,263 SF)
APN
94202991005000
UPID
US03-0586931
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Charjay Group LLC
The Charjay Group LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,845
Tax year 2023
Assessed value
$41,940
Assessed 2023
Previous assessed
$41,940
+0.0% YoY
Effective rate
4.40%
On assessed value
Land market value
$73,500
Improvement market value
$136,200
Total market value
$209,700
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,320 SF
Lot
0.03 ac (1,263 SF)
APN
94202991005000
UPID
US03-0586931
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
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
The Charjay Group LLC
Entity
Mailing address
2006 OCEAN SHR BLVD APT #10, ORMOND BEACH, FL 32176-3159
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
The Charjay Group LLC
—
Deed
related
$211,000 · Florida Business Develop Corp
Nov 12, 2025
$480,000
The Charjay Group LLC
Poonam Kathuria
Warranty Deed
$252,700 · Hancock Whitney Bank
Sep 23, 2019
—
Andrea S Lamberson Md LLC
—
Deed
related
$368,000 · Community Bk/ms
Oct 3, 2017
—
Andrea S Lamberson Md LLC
—
Deed
related
$391,000 · First Us Bk
Dec 6, 2005
$235,000
Poonam Kathuria
Shelnutt,scott & Lorrie H
Warranty Deed
$141,000 · First Commercial Bank
May 13, 2004
$205,000
Scott Shelnutt
Ken Underwood Properties LLC
Grant Deed
—
—
—
Andrea S Lamberson Md LLC
—
Deed Of Trust
related
$368,000 · Community Bk/ms
—
—
Andrea S Lamberson Md LLC
—
Deed Of Trust
related
$391,000 · First Us Bk
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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