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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Warehouses
5481 Vann Pl Birmingham, AL 35235-3217
Entity Owned
11-yr Hold
Free & Clear
Property ID
US03-1016123
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
20,317 SF
Lot
1.65 ac (71,874 SF)
Zoning code
I4
APN
12-00-27-3-000-004.007
UPID
US03-1016123
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
-
Norandex Rentals Rental
-
Superior Pool Products LLC (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Baker Distributions Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$895k
Owner & transaction history
First Growth Properties Ltd · 11 yrs held
First Growth Properties Ltd
since 2014
6 recorded transactions
Zoning & alternative use
I4 · 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
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
WAREHOUSE, STORAGE
$1,295,000
Current use
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$44 / 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
$10,897
Tax year 2022
Assessed value
$236,740
Assessed 2023
Previous assessed
$217,500
+8.8% YoY
Effective rate
4.60%
On assessed value
Assessed land
$86,240
Assessed improvement
$150,500
Land market value
$431,200
Improvement market value
$752,500
Total market value
$1,183,700
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
SPACE
Stories
1
Bathrooms
2
Total area
20,317 SF
Lot
1.65 ac (71,874 SF)
Zoning code
I4
APN
12-00-27-3-000-004.007
UPID
US03-1016123
Jurisdiction
JEFFERSON
Zoning & alternative use
I4 · Birmingham, AL
Zoning I4 · permitted uses
I4 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
2005
Heating
SPACE
Stories
1
Bathrooms
2
Lot
1.65 ac
Current owner
From public records · entity-resolved
First Growth Properties Ltd
Entity
Free & Clear · 11 yrs held
Mailing address
26565 MILES RD STE #200, WARRENSVILLE HEIGHTS, OH 44128-5998
Ownership since
2014
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
Feb 15, 2018
—
First Growth Properties Ltd
—
Loan Modification
related
$14,800,000 · Pnc Bk
Dec 10, 2014
—
First Growth Properties Ltd
Glazer Jeffrey S Trust
Warranty Deed
related
—
May 18, 2004
$276,714
Glazer,jeffrey S Trust
Rbs Properties LLC
Warranty Deed
—
—
—
First Growth Properties Ltd
—
Deed Of Trust
related
$882,640 · Provident Bk/cincinnati
—
—
Glazer,jeffrey S Trust
—
Deed Of Trust
related
$14,800,000 · Pnc Bk
—
—
First Growth Properties Ltd
—
Loan Modification
related
$1,000,000 · Pnc 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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