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Property profile & analytics
OFF-MARKET
Motels
50 State Farm Pkwy Birmingham, AL 35209-7179
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0641378
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Total area
6,552 SF
Lot
4.13 ac (179,990 SF)
Zoning code
PMUD
APN
29-00-23-1-011-001.004
UPID
US03-0641378
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
-
50 State Farm Parkway Parking Parking Lot & Garage
-
Walmart Shopping Center & Mall
-
Sonesta ES Suites Birmingham Homewood Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
50 State Farm Pkwy Property Owner L
50 State Farm Pkwy Property Owner L
since 2025
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
PMUD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$145,365
Tax year 2022
Assessed value
$2,064,840
Assessed 2023
Previous assessed
$1,938,200
+6.5% YoY
Effective rate
7.04%
On assessed value
Assessed land
$270,000
Assessed improvement
$1,794,840
Land market value
$1,350,000
Improvement market value
$8,974,200
Total market value
$10,324,200
Applied tax rate
12.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
180
Bathrooms
3
Total area
6,552 SF
Lot
4.13 ac (179,990 SF)
Zoning code
PMUD
APN
29-00-23-1-011-001.004
UPID
US03-0641378
Jurisdiction
JEFFERSON
Zoning & alternative use
PMUD · Birmingham, AL
Zoning PMUD · permitted uses
PMUD · 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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
180
Bathrooms
3
Lot
4.13 ac
Current owner
From public records · entity-resolved
50 State Farm Pkwy Property Owner L
Entity
Mailing address
HOUSTON, TX 77056
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
$3,000,000
50 State Farm Pkwy Property Owner L
Hptmi Properties Trust
Warranty Deed
$6,360,000 · Bank Of Hope
Jul 12, 2023
—
Hptmi Properties Trust
—
Deed
related
$650,000,000 · Wells Fargo
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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