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Property profile & analytics
OFF-MARKET
Estimated value
$265,980,000
Amusement parks
7278 Cahaba Vly Rd Birmingham, AL 35242-6485
Individually Owned
~
Est. High Equity
Property ID
US03-1361223
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
2007
Total area
4,335 SF
Lot
26.43 ac (1,151,291 SF)
APN
39290001011000
UPID
US03-1361223
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 Outlook at Greystone Apartment Homes Apartment Rental Agency Real Estate Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265.98M
Owner & transaction history
Nexpoint Outlook Dst
Nexpoint Outlook Dst
since 2025
Last sale
$286.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$225,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265.98M
Range $239.38M – $292.58M · ±10% · vs last sale $286.25M (Oct 11 2022)
Last sale anchor
$286.25M
Oct 11 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
$61,356 / 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
$599,145
Tax year 2023
Assessed value
$9,022,400
Assessed 2023
Previous assessed
$9,022,400
+0.0% YoY
Effective rate
6.64%
On assessed value
Land market value
$4,749,070
Improvement market value
$40,362,860
Total market value
$45,111,930
Applied tax rate
14.0000
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Buildings
16
Stories
1
Rooms
5
Bathrooms
1
Total area
4,335 SF
Lot
26.43 ac (1,151,291 SF)
APN
39290001011000
UPID
US03-1361223
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
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
16
Rooms
5
Bathrooms
1
Lot
26.43 ac
Current owner
From public records · entity-resolved
Nexpoint Outlook Dst
Individual
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
$54,500,000
Nexpoint Outlook Dst
Br Greystone LLC
Warranty Deed
$32,700,000 · Walker & Dunlop LLC
Oct 11, 2022
—
James Richard Posey
Virgil Mark Cardwell JR
Quit Claim Deed
related
$798,010,000 · Barclays Bank Plc
May 4, 2018
—
Br Greystone LLC
—
Grant Deed
related
$86,664,000 · Walker & Dunlop
Oct 23, 2017
$286,250,000
Br Greystone LLC
Continental 120 Fund LLC
Trustees Deed
$250,000,000 · Keybank USA
Nov 16, 2005
—
Continental 120 Fund LLC
Air Engineers LLC
Warranty Deed
—
—
—
Continental 120 Fund LLC
—
Deed Of Trust
related
$23,655,000 · M & I Marshall & Isley Bank
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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