Property profile

275 Oxmoor Rd Birmingham, AL 35209

OFF-MARKET
Motels
Property ID
US03-0541446
10,784 SF 4.48 ac lot Built 1971
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 4.5-acre ground lease opportunity is situated in Homewood, Alabama, boasting prime frontage along I-65 and Oxmoor Road. The property is zoned C-1 and is part of the Greensprings Urban Renewal District, presenting a unique chance for significant development. The expansive lot size offers ample space for a variety of commercial ventures. Potential uses include, but are not limited to, retail establishments, convenience stores, restaurants, gas stations, office buildings, hotels, or automotive service centers. The high visibility and accessibility from I-65 ensure substantial traffic exposure, making this an ideal location for businesses seeking maximum visibility and customer reach. The single-tenancy nature of the property provides flexibility for developers to tailor the space to their specific needs. Located at 275 Oxmoor Road, Homewood, AL 35209, in Jefferson County, this property presents a compelling investment opportunity in a thriving area. The property's location within the Greensprings Urban Renewal District suggests potential for future growth and development within the surrounding area. This is a rare chance to acquire a large parcel of land in a high-demand location with excellent access to major transportation routes.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1971
Total area 10,784 SF
Lot 4.48 ac (195,018 SF)
Zoning code R2
APN 29-00-14-3-003-001.000
UPID US03-0541446

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
  • Big Box & Wholesale Store
  • Hotel & Motel Bed & Breakfast
  • Hotel & Motel Resort

Location

275 Oxmoor Rd Birmingham, AL 35209-4705
Birmingham metro Census 10705 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
$780k
Comparable Approach Comparable
$535k
Blend (final) Blend
$560k

Owner & transaction history

Zoning & alternative use

R2 · Birmingham, AL
Zoning description

Title 2 - Zoning Ordinance Chapter 1: Zoning Districts 405 Section 3. R-2 Single-Family District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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