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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Retail properties & Spaces
3240 Galleria Cir Birmingham, AL 35244
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0757805
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1996
Construction
STEEL FRAME
Total area
16,277 SF
Lot
1.3 ac (56,628 SF)
Zoning code
PC
APN
39-00-13-3-000-005.017
UPID
US03-0757805
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
Current use
Occupant on record · Public records
-
Discount Tire (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.42M
Owner & transaction history
Halle Properties LLC · 4 yrs held
Halle Properties LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
PC · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.3M
+128.7%
Medical building
$2.9M
+101.9%
Office building
$2.7M
+88.9%
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
$2,385,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,280,000
Change: +129% · Conversion: Difficult
MEDICAL BUILDING
$2,895,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$2,710,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,620,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,190,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±10% · vs last sale $2.50M (Nov 12 2021)
Last sale anchor
$2.50M
Nov 12 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
$148 / 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
$22,702
Tax year 2022
Assessed value
$352,900
Assessed 2023
Previous assessed
$312,700
+12.9% YoY
Effective rate
6.43%
On assessed value
Assessed land
$208,400
Assessed improvement
$144,500
Land market value
$1,042,000
Improvement market value
$722,500
Total market value
$1,764,500
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
16,277 SF
Lot
1.3 ac (56,628 SF)
Zoning code
PC
APN
39-00-13-3-000-005.017
UPID
US03-0757805
Jurisdiction
JEFFERSON
Zoning & alternative use
PC · Birmingham, AL
Zoning PC · permitted uses
PC · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1996
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Halle Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
20225 N SCOTTSDALE RD #110, SCOTTSDALE, AZ 85255-6456
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
$2,500,000
Halle Properties LLC
Tf Riverchase Al LLC
Warranty Deed
—
Apr 24, 2019
—
Tf Riverchase Al LLC
—
Grant Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Feb 28, 2019
$3,600,000
Tf Riverchase Al LLC
Sears Roebuck
Quit Claim Deed
related
$325,000,000 · Jpp LLC
Oct 4, 2018
—
Sear Roebuck & Co
—
Loan Modification
related
$831,428,723 · Jpp LLC
Jun 6, 2018
—
Sears Roebuck & Co
—
Deed
related
$1,800,000 · Jpp LLC
Apr 12, 2017
—
Sears Roebuck & Co
—
Grant Deed
related
$3,540,000 · Citibank
Jan 9, 2017
—
Sears Roebuck & Co
—
Grant Deed
related
$500,000,000 · Private Individual
—
—
Sears Roebuck & Co
—
Loan Modification
related
$1,800,000 · Jpp LLC
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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