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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Manufacturing properties
37 Park Cir Birmingham, AL 35211-4474
Entity Owned
8-yr Hold
Free & Clear
Property ID
US03-0870550
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
16,013 SF
Lot
1.49 ac (64,817 SF)
Zoning code
QM1
APN
29-00-22-2-000-038.000
UPID
US03-0870550
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
-
Dixie Cultured Marble General Contractor
-
Art Bindery Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$710k
Owner & transaction history
Art Bindery INC · 8 yrs held
Art Bindery INC
since 2018
6 recorded transactions
Zoning & alternative use
QM1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of Q1 Qualified District is to provide for the regulation of commercial, manufacturing or residential uses of land and structures in order that uses and development of said land, buildings and structures will be harmonious and compatible with and not have an undesirable or detrimental impact on surrounding development and the purpose of the M1 Li…
Zone name
Qualified Light Manufacturing
General category
INDUSTRIAL
Zone area
71.67 ac
Source
Realmo
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
INDUSTRIAL (GENERAL)
$680,000
Current use
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$10,211
Tax year 2022
Assessed value
$172,220
Assessed 2023
Previous assessed
$140,840
+22.3% YoY
Effective rate
5.93%
On assessed value
Assessed land
$35,640
Assessed improvement
$136,580
Land market value
$178,200
Improvement market value
$682,900
Total market value
$861,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Heating
SPACE
Stories
1
Total area
16,013 SF
Lot
1.49 ac (64,817 SF)
Zoning code
QM1
APN
29-00-22-2-000-038.000
UPID
US03-0870550
Jurisdiction
JEFFERSON
Zoning & alternative use
QM1 · Birmingham, ALZoning QM1 · permitted uses
QM1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of Q1 Qualified District is to provide for the regulation of commercial, manufacturing or residential uses of land and structures in order that uses and development of said land, buildings and structures will be harmonious and compatible with and not have an undesirable or detrimental impact on surrounding development and the purpose of the M1 Light Manufacturing District is provide for contractor or construction equipment dealer yard, grain and feed storage, heating fuel or building material storage or wholesaling, manufacturing, fabricating, processing, or assembling uses which do not create any objectionable noise, vibration, smoke, dust, odor, heat or glare, such as boats (less than five tons), bolts, nuts, screws, washers, rivets, nails, brads, tacks, spikes, staples and similar items
Zone name
Qualified Light Manufacturing
General category
INDUSTRIAL
Zone area
71.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$680,000
INDUSTRIAL (GENERAL) Current
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
1993
Heating
SPACE
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Art Bindery INC
Entity
Free & Clear · 8 yrs held
Mailing address
37 W PARK CIR, BIRMINGHAM, AL 35211-4474
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jul 12, 2018
$810,000
Art Bindery INC
Signature Holdings LLC
Warranty Deed
—
Jul 25, 2014
$17,000
United States Steel Corp
Signature Holdings LLC
Grant Deed
—
Jul 25, 2014
$505,000
Signature Holdings LLC
Dixie Cultured Marble Co INC
Warranty Deed
related
$404,000 · First Com'l Bk
Aug 1, 1992
$80,785
Dixie Cultured Marble Co INC
Unknown
Grant Deed
—
—
—
Dixie Cultured Marble Co INC
—
Deed Of Trust
related
$75,000 · Regions Bk/norcross Ga
—
—
Dixie Cultured Marble Co INC
—
Deed Of Trust
related
$229,177 · 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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