Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

629 Red Lane Rd Birmingham, AL 35215

FOR LEASE
Banks
Property ID
US03-0881934
6,137 SF 0.82 ac lot Built 1970
Last sale Apr 2019 · $1,080,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 3,780 square foot freestanding medical office building, located at 629 Red Lane Road in Birmingham, Alabama, presents a unique investment opportunity. Built in 1970, this single-story Class B building sits on a 0.81-acre lot and is currently vacant. Its former use as a bank branch offers a versatile layout adaptable to various medical or office uses. The property enjoys a highly visible location, shadow-anchored by a Walmart Supercenter and adjacent to a new 25,000 square…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2023$238k
Assessed land$157k
Assessed improvement$81k
Effective rate6.56%

Value estimate

· Nov 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$68k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 6.96% cap applied$47k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$170/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$52 – $229

Cap rate analysis

How does the asset earn?
6.96%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB2
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop18.7
Realty agency17.3
Restaurant15.9

Location

629 Red Lane Rd Birmingham, AL 35215
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9325 Pkwy E, Birmingham, AL 35215-8303 $1,575,000 Jun 2025 16,862 SF
9648 Pkwy E, Birmingham, AL 35215-7802 $437,500 Mar 2025 3,645 SF
2110 Ctr Pt, Birmingham, AL 35215-4622 $540,000 Oct 2023 13,959 SF
9871 Pkwy E, Birmingham, AL 35215-7301 $800,000 Aug 2023 540 SF
4567 Pinson Vly, Birmingham, AL 35215-1606 $1,100,000 Feb 2019 5,302 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved