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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Motels
3400 Colonnade Pkwy Birmingham, AL 35243-2355
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-1292103
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1994
Construction
STEEL FRAME
Total area
30,040 SF
Lot
2.84 ac (123,710 SF)
Zoning code
B2
APN
28-00-27-1-000-003.006
UPID
US03-1292103
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
-
HIlton Hotel & Motel
-
Laundry mat dry cleaners (Bike/Boat/Book/etc) Store
-
Tay Hotel & Motel
-
Hampton Inn Birmingham-Colonnade 280 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.33M
Owner & transaction history
Cast Iron Lodging LLC · 9 yrs held
Cast Iron Lodging LLC
since 2017
6 recorded transactions
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$44 / 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
$117,543
Tax year 2022
Assessed value
$2,292,500
Assessed 2023
Previous assessed
$1,621,280
+41.4% YoY
Effective rate
5.13%
On assessed value
Assessed land
$247,460
Assessed improvement
$2,045,040
Land market value
$1,237,300
Improvement market value
$10,225,200
Total market value
$11,462,500
Applied tax rate
30.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
5
Rooms
13
Bathrooms
1
Total area
30,040 SF
Lot
2.84 ac (123,710 SF)
Zoning code
B2
APN
28-00-27-1-000-003.006
UPID
US03-1292103
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Birmingham, AL
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Rooms
13
Bathrooms
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
Cast Iron Lodging LLC
Entity
Mailing address
2706 JAMES ST, CORALVILLE, IA 52241-1806
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2021
—
Cast Iron Lodging LLC
—
Deed
related
$8,000,000 · Metrobank
Aug 20, 2018
—
Cast Iron Logding LLC
—
Deed
related
$250,000 · Us Bank
Mar 9, 2018
—
Cast Iron Lodging LLC
—
Grant Deed
related
$6,120,000 · Wells Fargo Bk/tx
Feb 3, 2017
$11,551,500
Cast Iron Lodging LLC
Cwi Birmingham Hotel LLC
Warranty Deed
$9,400,000 · * Other Institutional Lenders
Feb 21, 2013
$14,444,000
Cwi Birmingham Hotel LLC
Fwh Birmingham Colonnade LLC
Warranty Deed
$9,400,000 · Wells Fargo Bk Nw NA
Dec 13, 2010
—
Fwh Birmingham Colonnade LLC
Owner Name Unavailable
Grant Deed
related
—
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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