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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Retail space
668 Lomb SW Ave Birmingham, AL 35211-1330
Individually Owned
4-yr Hold
Free & Clear
Property ID
US03-0518300
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
13,386 SF
Lot
2 ac (87,120 SF)
Zoning code
QB2
APN
29-00-03-2-025-001.000
UPID
US03-0518300
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Pharmacy
-
COVID-19 Drive-thru Testing at Walgreens Medical Laboratory
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$4.04M
Owner & transaction history
Ubcinnercuak Bet Kease Dst 6 · 4 yrs held
Ubcinnercuak Bet Kease Dst 6
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
QB2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+123.6%
Neighborhood: shopping center
$3.6M
+121.1%
Apartment house (5+ units)
$2.7M
+64.9%
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
$4,285,000
ML approach
$4,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,660,000
Change: +124% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,620,000
Change: +121% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,700,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,535,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±10% · vs last sale $5.44M (Mar 31 2022)
Last sale anchor
$5.44M
Mar 31 2022
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
$302 / 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
$23,097
Tax year 2022
Assessed value
$360,880
Assessed 2023
Previous assessed
$318,580
+13.3% YoY
Effective rate
6.40%
On assessed value
Assessed land
$52,280
Assessed improvement
$308,600
Land market value
$261,400
Improvement market value
$1,543,000
Total market value
$1,804,400
Applied tax rate
36.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
13,386 SF
Lot
2 ac (87,120 SF)
Zoning code
QB2
APN
29-00-03-2-025-001.000
UPID
US03-0518300
Jurisdiction
JEFFERSON
Zoning & alternative use
QB2 · Birmingham, AL
Zoning QB2 · permitted uses
QB2 · 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
RESTAURANT
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Ubcinnercuak Bet Kease Dst 6
Individual
Free & Clear · 4 yrs held
Mailing address
117 N JEFFERSON ST STE #303, CHICAGO, IL 60661-2300
Ownership since
2022
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
Jun 16, 2022
—
Incommercial Net Lease Dst 6
—
Deed
related
$25,013,000 · Key Bank
Jun 8, 2022
—
Incommercial Net Lease Dst 6
—
Deed
related
$3,806,000 · Southern Bank
Mar 31, 2022
$5,438,021
Ubcinnercuak Bet Kease Dst 6
Wag Investors II LLC
Warranty Deed
—
May 4, 2020
$3,444,433
Wag Investors II LLC
Gottlieb Birmingham Drugstore LLC
Warranty Deed
$2,760,000 · Lincoln Savings Bank
Dec 30, 2013
—
Gottlieb Birmingham Drugstore
Gottlieb Kirk Birmingham Two
Quit Claim Deed
related
$2,600,000 · Miscellaneous Ins Co
Apr 24, 2002
$106,837
Lomb Princeton LLC
Jones,juddie
Grant Deed
—
Jul 1, 1989
$25,151
Percy L Jones
—
Deed Of Trust
related
—
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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