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Property profile & analytics
FOR LEASE
Office Spaces
417 20Th St N Birmingham, AL 35203
Entity Owned
~
Est. High Equity
Property ID
US03-0536207
For Lease
1 / 2
$19 SF/Yr
417 20Th St N, Birmingham, AL 35203
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Construction
STEEL FRAME
Total area
43,883 SF
Lot
0.49 ac (21,350 SF)
Zoning code
B4
APN
22-00-36-2-010-010.000
UPID
US03-0536207
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
-
Rodgers Christopher Law Firm
-
Viva Health - Corporate Headquarters Insurance Agency
-
Triton Health Systems Physician
-
Gantt William G Law Firm
-
Triner Scales-Sales & Services Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.84M
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$6.69M
Owner & transaction history
417 Tower LLC
417 Tower LLC
since 2025
Last sale
$10,550
3 recorded transactions
Zoning & alternative use
B4 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.9M
+78.7%
Medical building
$7.8M
+57.8%
Office building
$7.3M
+48.2%
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%
$8,490,000
6.5%
$7,840,000
7%
$7,280,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,950,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,850,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$7,810,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$7,340,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,065,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$5,365,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$6.69M
Range $6.02M – $7.35M · ±10% · vs last sale $11k (Dec 29 2025)
Last sale anchor
$11k
Dec 29 2025
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
$152 / 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
$182,142
Tax year 2022
Assessed value
$6,787,560
Assessed 2023
Previous assessed
$4,949,500
+37.1% YoY
Effective rate
2.68%
On assessed value
Assessed land
$179,340
Assessed improvement
$6,608,220
Land market value
$896,700
Improvement market value
$33,041,100
Total market value
$33,937,800
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
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
17
Bathrooms
1
Total area
43,883 SF
Lot
0.49 ac (21,350 SF)
Zoning code
B4
APN
22-00-36-2-010-010.000
UPID
US03-0536207
Jurisdiction
JEFFERSON
Zoning & alternative use
B4 · Birmingham, AL
Zoning B4 · permitted uses
B4 · 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
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
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
1976
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
17
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
417 Tower LLC
Entity
Mailing address
PO BOX 3597, FLINT, MI 48502-0597
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$10,550
417 Tower LLC
Wssa Birmingham LLC
Warranty Deed
$50,000,000 · Khatod Anil
Sep 1, 2017
—
Wssa Birmingham LLC
—
Loan Modification
related
$13,600,000 · Synovus Bk
Mar 21, 2011
$5,000,000
Wssa Bham Exchange LLC
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.
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?”
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