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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Distribution properties
42 Sayreton Dr Birmingham, AL 35207-1600
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0426962
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1996
Total area
4,350 SF
Lot
2.74 ac (119,354 SF)
Zoning code
M1
APN
22-00-10-4-011-034.001
UPID
US03-0426962
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
-
Wholesale Equipment Sales, Inc. Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Ironshop I LLC · 5 yrs held
Ironshop I LLC
since 2021
Last sale
$595,000
6 recorded transactions
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+874.1%
Office building
$725,000
+748.8%
Auto repair, garage
$410,000
+378.7%
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
$565,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Change: +874% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +749% · Conversion: Difficult
AUTO REPAIR, GARAGE
$410,000
Change: +379% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $595k (Jul 16 2021)
Last sale anchor
$595k
Jul 16 2021
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
$132 / 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
$8,978
Tax year 2022
Assessed value
$110,900
Assessed 2023
Previous assessed
$123,840
-10.4% YoY
Effective rate
8.10%
On assessed value
Assessed land
$29,840
Assessed improvement
$81,060
Land market value
$149,200
Improvement market value
$405,300
Total market value
$554,500
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
Distribution properties
Use group
BUS TERMINAL
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,350 SF
Lot
2.74 ac (119,354 SF)
Zoning code
M1
APN
22-00-10-4-011-034.001
UPID
US03-0426962
Jurisdiction
JEFFERSON
Zoning & alternative use
M1 · Birmingham, AL
Zoning M1 · permitted uses
M1 · 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)
Est. value
$835,000
OFFICE BUILDING
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$410,000
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Ironshop I LLC
Entity
Mailing address
1801 5TH AVE N STE #300, BIRMINGHAM, AL 35203-2108
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$595,000
Ironshop I LLC
Bc Property Investments LLC
Warranty Deed
$425,000 · Community Bank
Nov 6, 2020
—
Bc Property Investments LLC
—
Deed
related
$530,000 · Cullman Savings Bank
Nov 12, 2019
—
Bc Property Investments LLC
—
Grant Deed
related
$1,268,000 · Cullman Svgs Bk
Oct 6, 2017
$410,000
Bc Property Investments LLC
Prewett Holdings LLC
Warranty Deed
$320,000 · Cullman Savings Bank
Jun 17, 2014
$239,500
Prewett Holdings LLC
B & P Ents
Quit Claim Deed
related
—
Apr 1, 1988
$82,400
Prentice Obarr
—
Deed Of Trust
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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