Property profile

3117 Blue Lk Dr Vestavia, AL 35243

OFF-MARKET
Office Spaces
Property ID
US03-0101205
6,208 SF 0.53 ac lot Built 2017
Entity Owned 5-yr Hold
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2017
Total area 6,208 SF
Lot 0.53 ac (22,880 SF)
Zoning code E2
APN 28-00-27-4-002-004.000
UPID US03-0101205

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
  • Law Firm Child Welfare Organization
  • Production Facility

Location

3117 Blue Lk Dr Vestavia, AL 35243-2318
Vestavia metro Census 12910 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.96M
CAP Approach CAP
$1.11M
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$2.08M

Owner & transaction history

since 2021
Last sale
$1.8M
5 recorded transactions
2021
$1.8M
2017
Price N/A
2016
Price N/A
2015
$250,000
1969
Price N/A

Zoning & alternative use

E2 · Vestavia, AL
Top alternative use upside
Restaurant $1.7M +56.0%
Neighborhood: shopping center $1.7M +54.2%
Apartment house (5+ units) $1.3M +15.0%

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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