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Property profile & analytics
OFF-MARKET
Estimated value
$9,210,000
Assisted living facilities
6328 Farley Ln Birmingham, AL 35242-2835
Entity Owned
9-yr Hold
Free & Clear
Property ID
US03-1144386
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2020
Total area
144,210 SF
Lot
9.37 ac (408,157 SF)
APN
93050001040000
UPID
US03-1144386
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
-
Monark Grove Greystone Nursing Home Retirement Community
-
Restore Outpatient at the Bluffs Physician
-
Honeybee HomeCare of Alabama Home Health Care Service Medical Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.21M
Blend (final)
Blend
$9.21M
Owner & transaction history
Birmingham Greystone LLC · 9 yrs held
Birmingham Greystone LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.8M
+193.4%
Auto repair, garage
$13.6M
+189.5%
Restaurant
$13.0M
+176.1%
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
COMMERCIAL (GENERAL)
$13,780,000
Change: +193% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,600,000
Change: +190% · Conversion: Difficult
RESTAURANT
$12,970,000
Change: +176% · Conversion: Difficult
MEDICAL BUILDING
$9,710,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$8,150,000
Change: +73% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,750,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$9.21M
Range $8.29M – $10.13M · ±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
$64 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$284,296
Tax year 2023
Assessed value
$6,461,280
Assessed 2023
Previous assessed
$6,461,280
+0.0% YoY
Effective rate
4.40%
On assessed value
Land market value
$2,857,100
Improvement market value
$29,449,260
Total market value
$32,306,360
Applied tax rate
1.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
YES
Stories
4
Total area
144,210 SF
Lot
9.37 ac (408,157 SF)
APN
93050001040000
UPID
US03-1144386
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$13.6M
RESTAURANT
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$9.7M
RETAIL STORES
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
9.37 ac
Current owner
From public records · entity-resolved
Birmingham Greystone LLC
Entity
Free & Clear · 9 yrs held
Mailing address
101 W BIG BEAVER RD STE #200, TROY, MI 48084-5255
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
—
Birmingham Greystone Real Est LLC
—
Deed
related
$19,210,000 · Fund Investment 180 LLC
Jun 4, 2020
—
Birmingham Greystone LLC
—
Deed
related
$2,170,000 · Renasant Bk
Dec 2, 2016
$1,600,000
Birmingham Greystone LLC
Eagle Investments LLC
Warranty Deed
—
May 30, 2013
—
Eagle Investments LLC
Oztekin,m A
Quit Claim Deed
related
—
Nov 12, 2004
$10,000
Alabama Eagle Investments LLC
Oztekin,m A
Quit Claim Deed
related
—
Nov 8, 2004
$10,000
M A Oztekin
Al Eagle Investments LLC
Quit Claim Deed
related
—
—
—
Birmingham Greystone LLC
—
Loan Modification
related
$2,170,000 · Renasant 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.
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