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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office Spaces
3826 Lorna Rd Birmingham, AL 35244
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0603181
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
6,174 SF
Lot
13 ac (566,280 SF)
Zoning code
PR2/R4
APN
39-00-24-2-000-001.008
UPID
US03-0603181
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$944k
Blend (final)
Blend
$1.01M
Owner & transaction history
G & I IV Barrington LLC · 21 yrs held
G & I IV Barrington LLC
since 2005
3 recorded transactions
Zoning & alternative use
PR2/R4 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+101.1%
Apartment house (5+ units)
$1.2M
+50.0%
Medical building
$1.1M
+32.4%
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%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,670,000
Change: +101% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,245,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$1,100,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,030,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$995,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$755,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$163 / 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
$141,837
Tax year 2022
Assessed value
$2,206,700
Assessed 2023
Previous assessed
$1,953,680
+13.0% YoY
Effective rate
6.43%
On assessed value
Assessed land
$951,360
Assessed improvement
$1,255,340
Land market value
$4,756,800
Improvement market value
$6,276,700
Total market value
$11,033,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
47
Total area
6,174 SF
Lot
13 ac (566,280 SF)
Zoning code
PR2/R4
APN
39-00-24-2-000-001.008
UPID
US03-0603181
Jurisdiction
JEFFERSON
Zoning & alternative use
PR2/R4 · Birmingham, AL
Zoning PR2/R4 · permitted uses
PR2/R4 · 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
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$995,000
RETAIL STORES
Est. value
$755,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
47
Lot
13 ac
Current owner
From public records · entity-resolved
G & I IV Barrington LLC
Entity
Mailing address
6525 CARNEGIE BLVD STE #400, CHARLOTTE, NC 28211-0501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Jan 6, 2021
—
Barrington On The Green Assocs
—
Deed
related
$28,898,000 · Newmark Knight Frank
Jul 1, 2005
$24,120,000
G & I IV Barrington LLC
Barrington Of Green Props LLC
Grant Deed
related
$19,000,000 · Miscellaneous Ins Co
—
—
Barrington On The Green Assocs
—
Deed Of Trust
related
$28,898,000 · Newmark Knight Frank
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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