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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
70 Hudgins Ln Birmingham, AL 35214-1531
Entity Owned
7-yr Hold
Free & Clear
Property ID
US03-0098500
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Total area
2,392 SF
Lot
1.07 ac (46,566 SF)
Zoning code
INST2
APN
21-00-02-4-006-007.000
UPID
US03-0098500
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
-
The Venue at CJP Conference Center Trade Show Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$525k
Owner & transaction history
Cj Pressure Cleaning INC · 7 yrs held
Cj Pressure Cleaning INC
since 2019
3 recorded transactions
Zoning & alternative use
INST2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$645,000
+101.1%
Medical building
$425,000
+32.4%
Office building
$400,000
+24.4%
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%
$465,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$320,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$400,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$385,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$219 / 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
$3,431
Tax year 2022
Assessed value
$73,160
Assessed 2023
Previous assessed
$56,520
+29.4% YoY
Effective rate
4.69%
On assessed value
Assessed land
$9,080
Assessed improvement
$64,080
Land market value
$45,400
Improvement market value
$320,400
Total market value
$365,800
Applied tax rate
4.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
2,392 SF
Lot
1.07 ac (46,566 SF)
Zoning code
INST2
APN
21-00-02-4-006-007.000
UPID
US03-0098500
Jurisdiction
JEFFERSON
Zoning & alternative use
INST2 · Birmingham, AL
Zoning INST2 · permitted uses
INST2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$320,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
MEDICAL BUILDING
Est. value
$425,000
OFFICE BUILDING
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$385,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
Cj Pressure Cleaning INC
Entity
Free & Clear · 7 yrs held
Mailing address
725 NARRAGANSETT DR, BIRMINGHAM, AL 35214-3815
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
$250,000
Cj Pressure Cleaning INC
Hewitt N Birmingham Lodge No 5
Correction Deed
—
Feb 1, 2019
$250,000
Cj Pressure Cleaning INC
Hewitt North Birmingham Lodge No 51
Warranty Deed
$200,000 · Regions Bank
Nov 12, 2001
$12,000
West Masonic Lodge Metro
Julian,ralph E
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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