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Property profile & analytics
OFF-MARKET
Estimated value
$12,105,000
Office Spaces
3760 Riv Run Dr Birmingham, AL 35243-4718
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0490253
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Total area
74,530 SF
Lot
8.2 ac (357,192 SF)
Zoning code
C1
APN
28-00-11-1-001-051.019
UPID
US03-0490253
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
-
Kemper Auto Financial Advisor Insurance Agency
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.31M
Comparable Approach
Comparable
$13.11M
Blend (final)
Blend
$12.11M
Owner & transaction history
Trinity Universal Insurance Company · 1 yrs held
Trinity Universal Insurance Company
since 2025
2 recorded transactions
Zoning & alternative use
C1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$20.2M
+54.2%
Apartment house (5+ units)
$15.0M
+15.0%
Medical building
$13.3M
+1.5%
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%
$14,420,000
6.5%
$13,310,000
7%
$12,360,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$20,150,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,025,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$13,265,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$12,460,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,000,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$12.11M
Range $10.89M – $13.32M · ±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
$162 / 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
$311,504
Tax year 2022
Assessed value
$4,333,780
Assessed 2023
Previous assessed
$4,296,600
+0.9% YoY
Effective rate
7.19%
On assessed value
Assessed land
$673,315
Assessed improvement
$3,660,465
Land market value
$3,929,100
Improvement market value
$21,360,500
Total market value
$25,289,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
3
Total area
74,530 SF
Lot
8.2 ac (357,192 SF)
Zoning code
C1
APN
28-00-11-1-001-051.019
UPID
US03-0490253
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Birmingham, AL
Zoning C1 · permitted uses
C1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.0M
MEDICAL BUILDING
Est. value
$13.3M
OFFICE BUILDING
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$12.0M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
8.2 ac
Current owner
From public records · entity-resolved
Trinity Universal Insurance Company
Entity
Free & Clear · 1 yrs held
Mailing address
3700 COLONNADE PKWY, BIRMINGHAM, AL 35243-2361
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
$16,880,000
Trinity Universal Insurance Company
Infinity Insurance Co
Warranty Deed
—
Jun 1, 2011
—
Infinity Ins Co
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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