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Property profile & analytics
OFF-MARKET
Estimated value
$7,435,000
Community centers
400 Palisades Blvd Birmingham, AL 35209-5153
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0734581
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
STEEL FRAME
Total area
179,532 SF
Lot
11.5 ac (500,984 SF)
Zoning code
B5
APN
29-00-14-1-001-009.000
UPID
US03-0734581
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
-
Enterprise Rent-A-Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.44M
Owner & transaction history
Pharo Palisades I LLC · 6 yrs held
Pharo Palisades I LLC
since 2020
Last sale
$8.3M
4 recorded transactions
Zoning & alternative use
B5 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,955,000
ML approach
$7,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.44M
Range $6.69M – $8.18M · ±10% · vs last sale $8.30M (Mar 25 2020)
Last sale anchor
$8.30M
Mar 25 2020
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
$41 / 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
$76,274
Tax year 2022
Assessed value
$2,425,680
Assessed 2023
Previous assessed
$1,052,060
+130.6% YoY
Effective rate
3.14%
On assessed value
Assessed land
$1,181,155
Assessed improvement
$1,244,525
Land market value
$2,987,800
Improvement market value
$3,148,100
Total market value
$6,135,900
Applied tax rate
36.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
179,532 SF
Lot
11.5 ac (500,984 SF)
Zoning code
B5
APN
29-00-14-1-001-009.000
UPID
US03-0734581
Jurisdiction
JEFFERSON
Zoning & alternative use
B5 · Birmingham, AL
Zoning B5 · permitted uses
B5 · 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.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
11.5 ac
Current owner
From public records · entity-resolved
Pharo Palisades I LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4000 EASTERN BLVD, MONTGOMERY, AL 36116-2642
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
$8,300,000
Pharo Palisades I LLC
Atlas Nc I Spe LLC
Correction Deed
—
Mar 23, 2020
$8,300,000
Pharo Palisades I LLC
Atlas Nc I Spe LLC
Warranty Deed
—
Jun 28, 2019
$6,474,500
Altas Nc I Spe LLC
Branch Bkng & Trust Co|palisades Birmingham LLC
Trustees Deed
related
—
—
—
Palisades Drive Associates LLC
—
Deed Of Trust
related
$9,908,161 · General Elec Cap
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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