Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,695,000
Assisted living facilities
700 Corporate Rdg Birmingham, AL 35242-5420
Individually Owned
Free & Clear
Property ID
US03-1373784
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
WOOD
Total area
46,482 SF
Lot
3.05 ac (132,858 SF)
APN
39310002019019
UPID
US03-1373784
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
Ohi Propco Al Birmingham 700 Corpor
Ohi Propco Al Birmingham 700 Corpor
since 2026
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+193.4%
Auto repair, garage
$4.4M
+189.5%
Restaurant
$4.2M
+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
$3,130,000
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)
$4,440,000
Change: +193% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,385,000
Change: +190% · Conversion: Difficult
RESTAURANT
$4,180,000
Change: +176% · Conversion: Difficult
MEDICAL BUILDING
$3,130,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$2,625,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±10% · vs last sale $3.98M (Jan 4 2022)
Last sale anchor
$3.98M
Jan 4 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
$79 / 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
$80,679
Tax year 2023
Assessed value
$1,194,060
Assessed 2023
Previous assessed
$1,194,060
+0.0% YoY
Effective rate
6.76%
On assessed value
Land market value
$1,404,020
Improvement market value
$4,566,210
Total market value
$5,970,230
Applied tax rate
13.0000
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
84
Bathrooms
87
Total area
46,482 SF
Lot
3.05 ac (132,858 SF)
APN
39310002019019
UPID
US03-1373784
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
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
84
Bathrooms
87
Lot
3.05 ac
Current owner
From public records · entity-resolved
Ohi Propco Al Birmingham 700 Corpor
Individual
Free & Clear · 0 yrs held
Mailing address
700 CORPORATE RDG, BIRMINGHAM, AL 35242-5420
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
$10,278,000
Ohi Propco Al Birmingham 700 Corpor
Grande View Properties LLC
Special Warranty Deed
—
Jan 4, 2022
$3,975,000
Grande View Properties 700 LLC
Proveer Holdings LLC
Special Warranty Deed
$9,525,000 · Americas First FCU
Apr 5, 2021
$1,962,000
Proveer Holdings LLC
Ameris Bank
Special Warranty Deed
$1,900,000 · The Mrw Annuity Trust
May 20, 2020
$3,600,000
Ameris Bk
Ameris Bk|700 Ridgeview LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 10, 2014
$5,594,819
700 Ridgeview LLC
Ridgeview Assisted Living LLC
Warranty Deed
related
$6,000,000 · Fidelity Bk
Jun 10, 2014
—
Ridgeview Assisted Living LLC
Medical Clinic Board Of City/hoov
Warranty Deed
related
—
Sep 25, 2009
—
Medical Clinic Bd Of The City
Owner Name Unavailable
Grant Deed
related
—
Dec 31, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 23, 2008
—
Hcp INC
Hcp Trs INC
Quit Claim Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 700 Corporate Rdg?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
