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Property profile & analytics
OFF-MARKET
Estimated value
$4,190,000
Hotels
5000 Richard Arrington Jr N Blvd Birmingham, AL 35212-1410
Entity Owned
~
Est. High Equity
Property ID
US03-0912975
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1974
Construction
CONCRETE
Total area
32,436 SF
Lot
2.64 ac (114,911 SF)
Zoning code
B2
APN
23-00-21-2-019-001.000
UPID
US03-0912975
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
-
ATM Atm
-
Birmingham Jefferson civ center Garden Center Landscaping
-
Holiday Inn Birmingham-Airport, an IHG Hotel Hotel & Motel
-
Steel City Bar & Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
Tulip Bhm Hospitality LLC
Tulip Bhm Hospitality LLC
since 2026
5 recorded transactions
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+40.4%
Medical building
$5.8M
+24.0%
Office building
$5.4M
+16.5%
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
$4,655,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,540,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$5,775,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$5,425,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,220,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$3,965,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.19M
Range $3.77M – $4.61M · ±10%
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
$129 / 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
$150,851
Tax year 2022
Assessed value
$2,837,160
Assessed 2023
Previous assessed
$2,080,700
+36.4% YoY
Effective rate
5.32%
On assessed value
Assessed land
$114,900
Assessed improvement
$2,722,260
Land market value
$574,500
Improvement market value
$13,611,300
Total market value
$14,185,800
Applied tax rate
38.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1974
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
9
Rooms
22
Bathrooms
1
Total area
32,436 SF
Lot
2.64 ac (114,911 SF)
Zoning code
B2
APN
23-00-21-2-019-001.000
UPID
US03-0912975
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Birmingham, AL
Zoning B2 · permitted uses
B2 · 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
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.0M
HOTEL/MOTEL 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
1974
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
9
Rooms
22
Bathrooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Tulip Bhm Hospitality LLC
Entity
Mailing address
5000 RICHARD ARRINGTON JR BLVD N, BIRMINGHAM, AL 35212-1410
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
$9,000,000
Tulip Bhm Hospitality LLC
Sigalabama LLC
Warranty Deed
$13,175,000 · Bryant Bank
Feb 20, 2025
—
Sigalabama LLC
—
Deed
related
$350,000 · Bryant Bank
Jun 1, 2023
—
Sig Alabama LLC
—
Deed
related
$8,800,000 · Bryant Bank
Oct 5, 2005
$7,100,000
Sigalabama LLC
Shaner Hotel Group Props Three
Warranty Deed
$1,700,000 · Hanmi Bk
May 1, 1997
$5,057,500
New Owner
Holiday,inn-airp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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