Property profile

8 Perimeter S Park Birmingham, AL 35243

OFF-MARKET
Hotels
Property ID
US03-0369375
55,081 SF 5.2 ac lot Built 1984
Individually Owned 10-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents the 204-key DoubleTree by Hilton Birmingham Perimeter Park hotel. Strategically situated at the intersection of Interstate 459 and Highway 280, this fee-simple, unencumbered property boasts strong in-place cash flow and significant upside potential. Located in a thriving Birmingham submarket, the hotel benefits from a diverse and growing population, a robust economy, and a business-friendly environment. The property's location within one of Birmingham's key suburban interchanges places it near a substantial office market (nearly 6 million square feet), prominent office tenants, healthcare facilities, educational institutions, and major retailers. Its convenient access to downtown Birmingham, Birmingham-Shuttlesworth International Airport, and surrounding areas further enhances its appeal. The hotel offers maximum operational and financing flexibility for the new owner, presenting a compelling opportunity for significant return on investment. This is a rare chance to acquire a top-performing hotel in a dynamic and desirable market. The absence of existing management agreements and debt provides complete operational control and financing options.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1984
Construction TYPE NOT SPECIFIED
Total area 55,081 SF
Lot 5.2 ac (226,512 SF)
Zoning code C1
APN 28-00-26-3-000-007.002
UPID US03-0369375

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue Music Venue
  • Postal Service Courier Service
  • Restaurant Theater & Performing Art Venue
  • Church Mosque
  • Temple

Location

8 Perimeter S Park Birmingham, AL 35243-2326
Birmingham metro Census 12910 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.95M

Owner & transaction history

since 2016
3 recorded transactions
2016
$11.0M
2016
Price N/A
2007
Price N/A

Zoning & alternative use

C1 · Birmingham, AL
Zoning description

1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding n…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Apartment house (5+ units) $11.1M +40.4%
Medical building $9.8M +24.0%
Commercial (general) $9.7M +22.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 8 Perimeter S Park?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message