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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Outlet malls
221 Lyon Ln Birmingham, AL 35211-6407
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-1326063
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Total area
18,512 SF
Lot
2.5 ac (108,900 SF)
Zoning code
I3
APN
29-00-28-2-000-001.009
UPID
US03-1326063
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
-
TruGreen Lawn Care Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
221 Lyon Partners LLC · 2 yrs held
221 Lyon Partners LLC
since 2024
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
I3 · Birmingham, AL
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
Method
Estimation
Statistic approach
$1,085,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.08M (Jan 5 2024)
Last sale anchor
$1.08M
Jan 5 2024
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
$59 / 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
$15,831
Tax year 2022
Assessed value
$273,120
Assessed 2023
Previous assessed
$218,360
+25.1% YoY
Effective rate
5.80%
On assessed value
Assessed land
$76,240
Assessed improvement
$196,880
Land market value
$381,200
Improvement market value
$984,400
Total market value
$1,365,600
Applied tax rate
30.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Heating
SPACE
Stories
1
Bathrooms
1
Total area
18,512 SF
Lot
2.5 ac (108,900 SF)
Zoning code
I3
APN
29-00-28-2-000-001.009
UPID
US03-1326063
Jurisdiction
JEFFERSON
Zoning & alternative use
I3 · Birmingham, AL
Zoning I3 · permitted uses
I3 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
SPACE
Stories
1
Bathrooms
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
221 Lyon Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
221 LYON LN, BIRMINGHAM, AL 35211-6407
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
221 Lyon Partners LLC
—
Deed
related
$1,340,000 · Truist Bank
Jan 5, 2024
$1,083,750
221 Lyon Partners LLC
Trugreen Limited Partnership
Warranty Deed
—
Jan 3, 2014
$851,500
Trugreen Limited Partnership
Servicemaster Acceptance Corp
Grant Deed
—
Jul 21, 2010
—
Servicemaster Acceptance Corp
Owner Name Unavailable
Grant Deed
related
—
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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