Technical
Financial
Distress signals
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
Entity Owned 2-yr Hold Free & Clear
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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 foot YMCA facility, ensuring high traffic and community presence. Situated just off Parkway East, a major thoroughfare with approximately 62,000 vehicles per day, this location offers unparalleled accessibility. The property's single-tenancy configuration provides flexibility for a single user or the potential for future subdivision. Jefferson County, Alabama, and the Roebuck submarket provide a strong foundation for growth and stability. This is an excellent opportunity to establish a thriving medical practice or office space in a dynamic and rapidly developing area. The building's size and location make it ideal for a variety of uses, offering significant potential for return on investment.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Total area 6,137 SF
Lot 0.82 ac (35,700 SF)
Zoning code CB2
APN 23-00-01-1-005-002.000
UPID US03-0881934

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
  • Atm
  • Atm
  • Insurance Agency

Location

629 Red Lane Rd Birmingham, AL 35215
Birmingham metro Census 100 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2024
Price N/A
2019
$1.1M
2018
$1.4M
2009
Price N/A

Zoning & alternative use

CB2 · Birmingham, AL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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