Individually Owned 
For Sale
1 / 6
Contact for pricing
524 Red Lane Rd, Birmingham, AL 35215
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Property summary
AI-generated overview
Suite B at Red Lane Plaza is a 901-square-foot professional office space within an established multi-tenant property. The suite includes a reception area and private office space, configured to support client-facing operations while providing separation for meetings and focused work. The property is zoned CB2 and sits on a 0.49-acre lot, with on-site parking and access to major Birmingham road corridors.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
2000
Total area
7,176 SF
Lot
0.49 ac (21,271 SF)
Zoning code
CB2
APN
13-00-36-3-010-005.001
UPID
US03-0825245
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Credit Union
-
Church Mosque
-
Real Estate Agency
-
Insurance Agency
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$235k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$170k
Owner & transaction history
since 2025
Last sale
$205,500
1 recorded transaction
Zoning & alternative use
CB2 · Birmingham, AL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$170k
Value range
$153k – $187k
±10% around blend
Estimated value / SF
$24 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$153k
blend $170k
$187k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,176 SF
Lot area
0.49 ac
Year built
2000
Stories
1
APN
13-00-36-3-010-005.001
Zoning
CB2
Assessed value
$92,780
Annual tax
$9,977
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,977
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$820k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.5 mi away · 5,179 SF
8.1 mi away · 5,492 SF
9.2 mi away · 7,058 SF
9.8 mi away · 6,707 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$170k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 49 sales
$58
-59%
Submarket 740 sales
$134
-82%
County 1088 sales
$116
-80%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $24/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
9.96%
Selected cap rate for this other office properties
Derived from the Birmingham market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.96%
9.0%
NOI (est.)
$80k *
Last sale · Jan 2025
$206k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$800k
Move the market yield to see immediate price impact.
Value / SF
$111
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.46%9.96%10.46%
$72k
$758k
$720k
$686k
$80k
$842k
$800k
$762k
$88k
$927k
$880k
$838k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$755k
4.2 mi · Dec 2025 · $94/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,977
Tax year 2022
Assessed value
$92,780
Assessed 2023
Previous assessed
$137,620
-32.6% YoY
Effective rate
10.75%
On assessed value
Assessed land
$29,780
Assessed improvement
$63,000
Land market value
$148,900
Improvement market value
$315,000
Total market value
$463,900
Applied tax rate
32.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
7,176 SF
Lot
0.49 ac (21,271 SF)
Zoning code
CB2
APN
13-00-36-3-010-005.001
UPID
US03-0825245
Jurisdiction
JEFFERSON
Zoning & alternative use
CB2 · Birmingham, ALZoning CB2 · permitted uses
CB2 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CB2
Jurisdiction
Birmingham, AL
Recorded code
CB2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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