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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office Spaces
2964 Lorna Rd Birmingham, AL 35216
Entity Owned
33-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0408510
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Total area
5,479 SF
Lot
3.87 ac (168,621 SF)
Zoning code
C2
APN
39-00-01-3-001-004.000
UPID
US03-0408510
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
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$830k
Owner & transaction history
E Realty · 33 yrs held
E Realty
since 1993
2 recorded transactions
Zoning & alternative use
C2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+53.2%
Medical building
$975,000
+35.2%
Office building
$915,000
+27.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$720,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,105,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$975,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$915,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$880,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$670,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
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
$151 / 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
$31,058
Tax year 2022
Assessed value
$419,340
Assessed 2023
Previous assessed
$427,800
-2.0% YoY
Effective rate
7.41%
On assessed value
Assessed land
$320,360
Assessed improvement
$98,980
Land market value
$1,601,800
Improvement market value
$494,900
Total market value
$2,096,700
Applied tax rate
23.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,479 SF
Lot
3.87 ac (168,621 SF)
Zoning code
C2
APN
39-00-01-3-001-004.000
UPID
US03-0408510
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Birmingham, AL
Zoning C2 · permitted uses
C2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$975,000
OFFICE BUILDING
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$880,000
RETAIL STORES
Est. value
$670,000
COMMERCIAL (GENERAL) Current
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
3.87 ac
Current owner
From public records · entity-resolved
E Realty
Entity
Free & Clear · 33 yrs held
Mailing address
2300 CRESTWOOD BLVD, IRONDALE, AL 35210-2038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 1993
$755,000
E Realty
Barrentine,kyle
Grant Deed
—
—
—
Lorna Road Properties LLC
—
Deed Of Trust
related
$350,000 · Regions Bk/norcross Ga
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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