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Property profile & analytics
OFF-MARKET
Estimated value
$6,400,000
Medical Office Space
3680 Grandview Pkwy Birmingham, AL 35243-3410
Entity Owned
11-yr Hold
Free & Clear
Property ID
US03-1892738
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
48,168 SF
Lot
4.21 ac (183,562 SF)
Zoning code
C1
APN
28-00-26-3-000-008.000
UPID
US03-1892738
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
-
Matthew Pflederer, M.D. Physician
-
William Black, M.D. Physician
-
Juan Bernal, MD Physician
-
Gustavo Morales, MD Physician
-
Alvaro Aldana, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$6.40M
Owner & transaction history
Affinity Hospital LLC · 11 yrs held
Affinity Hospital LLC
since 2014
3 recorded transactions
Zoning & alternative use
C1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such…
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
163.02 ac
Source
Planning/Zoning (MapServer)
Top alternative use upside
Apartment house (5+ units)
$9.7M
+13.3%
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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,710,000
Change: +13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,445,000
Change: -2% · Conversion: Easy
OFFICE BUILDING
$8,055,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,755,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.04M · ±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
$133 / 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
$192,938
Tax year 2022
Assessed value
$3,167,220
Assessed 2023
Previous assessed
$2,661,220
+19.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$367,120
Assessed improvement
$2,800,100
Land market value
$1,835,600
Improvement market value
$14,000,500
Total market value
$15,836,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Bathrooms
1
Total area
48,168 SF
Lot
4.21 ac (183,562 SF)
Zoning code
C1
APN
28-00-26-3-000-008.000
UPID
US03-1892738
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Birmingham, ALZoning C1 · permitted uses
C1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such as small professional and health offices, barber/beauty shops, dry cleaners, small - to medium -scale offices, schools, churches, and neighborhood -serving public uses. This district is
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
163.02 ac
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.4M
OFFICE BUILDING
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.8M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
1
Lot
4.21 ac
Current owner
From public records · entity-resolved
Affinity Hospital LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2014
$8,000,000
Affinity Hospital LLC
Alostar Bk Of Commerce
Warranty Deed
—
Mar 28, 2008
—
Nexity Bk
Owner Name Unavailable
Grant Deed
related
—
—
—
Grandview Mob II LLC
—
Deed Of Trust
related
$31,603,470 · Synovus 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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