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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Hotels
500 Wildwood N Cir Birmingham, AL 35209-7199
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-0648119
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
18,132 SF
Lot
3.48 ac (151,371 SF)
Zoning code
PMUD
APN
29-00-26-2-000-019.000
UPID
US03-0648119
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
-
Suburban Extended Stay by Choice Hotels Hotel & Motel
-
A1 MegaCreationsDefenseContractors Engineering Consultant
-
Suburban Studios Birmingham Homewood I-65 Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Shriji Baron Lakeshore LLC · 2 yrs held
Shriji Baron Lakeshore LLC
since 2023
Last sale
$8,000
7 recorded transactions
Zoning & alternative use
PMUD · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+47.1%
Apartment house (5+ units)
$3.7M
+40.4%
Medical building
$3.2M
+24.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,605,000
Current use
COMMERCIAL (GENERAL)
$3,830,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,655,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$3,225,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,030,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,920,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $8k (Jul 27 2023)
Last sale anchor
$8k
Jul 27 2023
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
$105,420
Tax year 2022
Assessed value
$1,732,200
Assessed 2023
Previous assessed
$1,405,600
+23.2% YoY
Effective rate
6.09%
On assessed value
Assessed land
$484,360
Assessed improvement
$1,247,840
Land market value
$2,421,800
Improvement market value
$6,239,200
Total market value
$8,661,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
4
Rooms
66
Bathrooms
2
Total area
18,132 SF
Lot
3.48 ac (151,371 SF)
Zoning code
PMUD
APN
29-00-26-2-000-019.000
UPID
US03-0648119
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Rooms
66
Bathrooms
2
Lot
3.48 ac
Current owner
From public records · entity-resolved
Shriji Baron Lakeshore LLC
Entity
Mailing address
1854 LK CYRUS CLB DR, HOOVER, AL 35244-4103
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$8,000
Shriji Baron Lakeshore LLC
Indiana Extended Stay LLC
Special Warranty Deed
$8,400,000 · Alabama Credit Union
May 25, 2022
$5,900
Indiana Extended Stay LLC
Birmingham Extended Stay Hotel LLC
Special Warranty Deed
$5,877,000 · Cadence Bank
Jul 12, 2018
$5,950,000
Birmingham Extended Stay Hotel LLC
Gvm Tps Birmingham LLC
Special Warranty Deed
—
Sep 12, 2011
—
Gvm Tps Birmingham LLC
Owner Name Unavailable
Grant Deed
related
—
Nov 4, 2005
—
Winston Spe II LLC
Mitchell,scott C
Warranty Deed
$155,000 · General Elec Cap
—
—
Gvm Hotel Partners LLC
—
Loan Modification
related
$7,685,000 · Texas Cap Bk
—
—
Gvm Hotel Partners LLC
—
Loan Modification
related
$7,790,000 · Texas Cap Bk
—
—
Gvm Hotel Partners LLC
—
Loan Modification
related
$2,965,460 · Texas Cap Bk
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
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