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    Property profile & analytics

    241 Commerce Pkwy Pelham, AL 35124-1396

    • Office buildings
    • 5,959 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-0837768
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Birmingham Dog Trainers, Off Leash K9 Training / Dog Trainer

    Property Details for 241 Commerce Pkwy

    Year built
    1995
    Lot size
    0.77 lot acres
    Property size
    5,959 SF
    Property type
    Office buildings
    APN
    109313001014012
    APU
    109313001014012

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7948
    Latitude
    33.3337
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,268
    $0.00
    $0.00
    $90,820
    -
    $139,240
    $314,780
    $454,020

    Comparable in this City

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      3183 Lee St

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      700 Southgate Dr

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      1,296 SF

      Southgate Mobile Home Park Entrance Offi Office

      OFFICE BUILDING • 1,296 SF
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      3,800 SF

      Pelham, AL 35124

      OFFICE BUILDING • 3,800 SF
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    • Value Estimation by Request
      6,250 SF

      140 Cyn Park Dr

      OFFICE BUILDING • 6,250 SF
      140 Cyn Park Dr, Pelham, AL 35124
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    Similar Nearby for Lease

    • $19 SF/Yr
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    • $11 SF/Yr

      Versatile Commercial Space in Pelham

      Modern property in Pelham, AL, suitable for various businesses.
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      Keystone Plaza: Retail Investment Opportunity

      High-traffic shopping center with 2 spaces available.
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      2,425 SF

      Retail Space with Drive-Thru

      Retail and office spaces available in Pelham, Alabama.
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    • $10,000 /Mo
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      Pelham Parkway Showroom/Warehouse Space

      Renovated showroom/warehouse with excellent visibility and convenient access.
      3543 Pelham Pkwy, Pelham, AL 35124
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    241 Commerce Pkwy
    Pelham, AL 35124-1396
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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