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Property profile & analytics
OFF-MARKET
Estimated value
$14,890,000
Office buildings
200 Missionary Rdg Birmingham, AL 35242-5237
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US03-1316329
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
68,655 SF
Lot
15.62 ac (680,407 SF)
APN
39310001048002
UPID
US03-1316329
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
$14.89M
Blend (final)
Blend
$14.89M
Owner & transaction history
Third Creek LLC · 22 yrs held
Third Creek LLC
since 2004
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.8M
+68.5%
Neighborhood: shopping center
$18.6M
+66.6%
Apartment house (5+ units)
$13.8M
+24.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,140,000
Current use
RESTAURANT
$18,770,000
Change: +68% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$18,560,000
Change: +67% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,840,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$12,220,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,055,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,230,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$14.89M
Range $13.40M – $16.38M · ±10%
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
$217 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$4,563,780
Assessed 2023
Previous assessed
$4,563,780
+0.0% YoY
Land market value
$6,307,370
Improvement market value
$16,511,460
Total market value
$22,818,830
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
1984
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
3
Rooms
15
Bathrooms
3
Total area
68,655 SF
Lot
15.62 ac (680,407 SF)
APN
39310001048002
UPID
US03-1316329
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.1M
RESTAURANT
Est. value
$18.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.8M
MEDICAL BUILDING
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$11.1M
COMMERCIAL (GENERAL)
Est. value
$9.2M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Rooms
15
Bathrooms
3
Lot
15.62 ac
Current owner
From public records · entity-resolved
Third Creek LLC
Entity
Mailing address
PO BOX C C, BIRMINGHAM, AL 35218-0080
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2004
—
Third Creek LLC
Kimco Birmingham
Grant Deed
$18,192,000 · Wells Fargo Bank
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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