Individually Owned Property summary
AI-generated overview
This exceptional flex space, part of the 77,367 square foot Crescent Centre, offers a prime location in Homewood, Alabama. Situated at 211 Summit Parkway, between Valley Avenue and Oxmoor Road on Summit Parkway, this property boasts convenient access to Interstate 65, making it an ideal location for businesses needing easy interstate access. The space itself totals 2,524 square feet and is part of a multi-tenant building. The property is classified as both office and industrial, offering versatility for a range of business needs. A significant advantage is the absence of CAM charges and Birmingham occupational tax. Furthermore, the rental rate includes dumpster service, providing added convenience. The property benefits from 24/7 on-call property management services, ensuring efficient and responsive building maintenance. For businesses requiring specific layouts, customized build-outs are available, allowing for tailored space configurations to meet individual operational requirements. The property is located in Jefferson County, Alabama, with a zip code of 35209. This centrally located service center presents a compelling opportunity for businesses seeking a functional and cost-effective workspace.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Total area
77,937 SF
Lot
7.5 ac (326,700 SF)
Zoning code
L1
APN
29-00-14-3-004-016.000
UPID
US03-0398429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Supply Store
-
Medical Clinic Skin Care Clinic
-
Roofing Company General Contractor
-
Training Center Vocational School
-
Medical Supply Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$860k
Owner & transaction history
since 2005
2 recorded transactions
Zoning & alternative use
L1 · Birmingham, AL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$860k
Value range
$774k – $946k
±10% around blend
Estimated value / SF
$11 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$774k
blend $860k
$946k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
77,937 SF
Lot area
7.5 ac
Year built
1988
Stories
1
APN
29-00-14-3-004-016.000
Zoning
L1
Assessed value
$907,920
Annual tax
$53,754
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.58M
Range $2.63M – $14.75M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$860k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 41 sales
$122
-91%
County 58 sales
$96
-89%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $11/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$908k
Move the market yield to see immediate price impact.
Value / SF
$12
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$57k
$1.14M
$817k
$636k
$64k
$1.27M
$908k
$706k
$70k
$1.40M
$999k
$777k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$53,754
Tax year 2022
Assessed value
$907,920
Assessed 2023
Previous assessed
$716,720
+26.7% YoY
Effective rate
5.92%
On assessed value
Assessed land
$220,520
Assessed improvement
$687,400
Land market value
$1,102,600
Improvement market value
$3,437,000
Total market value
$4,539,600
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1988
Heating
SPACE
Stories
1
Bathrooms
1
Total area
77,937 SF
Lot
7.5 ac (326,700 SF)
Zoning code
L1
APN
29-00-14-3-004-016.000
UPID
US03-0398429
Jurisdiction
JEFFERSON
Zoning & alternative use
L1 · Birmingham, ALZoning L1 · permitted uses
L1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1988
Heating
SPACE
Stories
1
Bathrooms
1
Lot
7.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
L1
Jurisdiction
Birmingham, AL
Recorded code
L1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for L1 in Birmingham, AL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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