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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Manufacturing properties
2800 Messer Airport Hwy Birmingham, AL 35203
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0920168
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1930
Total area
12,768 SF
Lot
0.85 ac (37,120 SF)
Zoning code
CM2
APN
22-00-25-4-003-002.000
UPID
US03-0920168
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Billboard Fund 1 LLC · 4 yrs held
Billboard Fund 1 LLC
since 2021
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
CM2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning/Zoning (MapServer)
Top alternative use upside
Apartment house (5+ units)
$2.6M
+375.3%
Medical building
$2.3M
+319.6%
Office building
$2.1M
+294.2%
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
$1,860,000
ML approach
$1,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,575,000
Change: +375% · Conversion: Difficult
MEDICAL BUILDING
$2,275,000
Change: +320% · Conversion: Difficult
OFFICE BUILDING
$2,135,000
Change: +294% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,055,000
Change: +280% · Conversion: Easy
RETAIL STORES
$1,560,000
Change: +188% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.95M (Aug 2 2021)
Last sale anchor
$1.95M
Aug 2 2021
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
$150 / 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
$6,977
Tax year 2022
Assessed value
$101,400
Assessed 2023
Previous assessed
$96,240
+5.4% YoY
Effective rate
6.88%
On assessed value
Assessed land
$33,400
Assessed improvement
$68,000
Land market value
$167,000
Improvement market value
$340,000
Total market value
$507,000
Applied tax rate
31.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1930
Heating
SPACE
Stories
1
Total area
12,768 SF
Lot
0.85 ac (37,120 SF)
Zoning code
CM2
APN
22-00-25-4-003-002.000
UPID
US03-0920168
Jurisdiction
JEFFERSON
Zoning & alternative use
CM2 · Birmingham, ALZoning CM2 · permitted uses
CM2 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1930
Heating
SPACE
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Billboard Fund 1 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
112 24TH ST N STE #201, BIRMINGHAM, AL 35203-4312
Ownership since
2021
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
Aug 2, 2021
—
Billboard Fund 1 LLC
Best One Nashville Realty Partnersh
Quit Claim Deed
related
—
Aug 2, 2021
$1,950,000
Billboard Fund 1 LLC
Best One Nashville Realty Partnersh
Warranty Deed
—
Dec 21, 2017
—
Best One Nashville Realty Ptsh
—
Grant Deed
related
$3,000,000 · Central Bk
Oct 1, 1991
$176,934
Sirco Systems INC
Unknown
Grant Deed
—
—
—
Best One Nashville Realty Ptsh
—
Deed Of Trust
related
$9,160,000 · Central Bk
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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