You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $24,005,000
Medical Office Space

3980 Colonnade Pkwy Birmingham, AL 35243-2382

118,795 SF 4.28 ac lot Built 2012
Individually Owned 3-yr Hold Free & Clear
Property ID
US03-1868405
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2012
Total area 118,795 SF
Lot 4.28 ac (186,350 SF)
Zoning code B2
APN 28-00-27-4-001-001.008
UPID US03-1868405
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
  • Robert Brock, MD, FACC Physician
  • Chris Lucas, MSN, CRNP Registered General Nurse
  • Ann Elliott Physician
  • Deborah Riemer Physician
  • Saema Mirza, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$23.16M
Comparable Approach Comparable
$18.43M
Blend (final) Blend
$24.01M
Owner & transaction history
Doc 3980 Colonnade Parkway Mob Inve · 3 yrs held
Doc 3980 Colonnade Parkway Mob Inve
since 2023
Last sale
$28.0M
4 recorded transactions
2023
$28.0M
2023
$27.0M
2023
Price N/A
2010
Price N/A
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 General Business District. Subsection 2. Use regulations. A building or premises shall be used only for the following purposes: 1. Any use permit…

Zone name General Business
General category CIVIC_INSTITUTIONAL
Zone area 1,270.49 ac
Source Planning/Zoning (MapServer)
Top alternative use upside
Restaurant $32.5M +53.6%
Neighborhood: shopping center $32.1M +51.9%
Apartment house (5+ units) $24.0M +13.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3980 Colonnade Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message