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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Assisted living facilities
2366 Old Springville Rd Birmingham, AL 35215-4085
Entity Owned
Free & Clear
Property ID
US03-0405149
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
47,027 SF
Lot
5.22 ac (227,383 SF)
Zoning code
INST2
APN
12-00-09-3-000-042.000
UPID
US03-0405149
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
-
Senior Care Community Center
-
Proveer at Grayson Valley Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$3.47M
Owner & transaction history
Pines At Birmingham LLC
Pines At Birmingham LLC
since 2026
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
INST2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+189.5%
Restaurant
$4.3M
+181.1%
Medical building
$3.2M
+106.8%
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
$3,005,000
ML approach
$3,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,435,000
Change: +190% · Conversion: Difficult
RESTAURANT
$4,305,000
Change: +181% · Conversion: Difficult
MEDICAL BUILDING
$3,165,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$2,655,000
Change: +73% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,560,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.75M (Sep 28 2023)
Last sale anchor
$3.75M
Sep 28 2023
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
$74 / 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
$69,676
Tax year 2022
Assessed value
$1,542,560
Assessed 2023
Previous assessed
$1,264,540
+22.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$318,920
Assessed improvement
$1,223,640
Land market value
$1,594,600
Improvement market value
$6,118,200
Total market value
$7,712,800
Applied tax rate
46.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Heating
HEAT PUMP
Stories
1
Rooms
90
Bathrooms
70
Total area
47,027 SF
Lot
5.22 ac (227,383 SF)
Zoning code
INST2
APN
12-00-09-3-000-042.000
UPID
US03-0405149
Jurisdiction
JEFFERSON
Zoning & alternative use
INST2 · Birmingham, AL
Zoning INST2 · permitted uses
INST2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.4M
RESTAURANT
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.6M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1999
Heating
HEAT PUMP
Stories
1
Rooms
90
Bathrooms
70
Lot
5.22 ac
Current owner
From public records · entity-resolved
Pines At Birmingham LLC
Entity
Free & Clear · 0 yrs held
Mailing address
366 OLD PNE HL RD, BIRMINGHAM, AL 35217-1104
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
$7,712,800
Pines At Birmingham LLC
Joseph Hessley
Warranty Deed
—
Aug 29, 2025
$1,060,900
Joseph Hessley
Grayson Valley Re LLC
Warranty Deed
—
Sep 28, 2023
$3,748,476
Grayson Valley Re LLC
Proveer Al Investments LLC
Special Warranty Deed
$6,150,000 · Aod Federal Credit Union
Dec 19, 2022
$2,860,000
Proveer Al Investments LLC
Nationwide Health Properties LLC
Special Warranty Deed
—
Dec 27, 2010
—
Nationwide Health Props INC
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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