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Property profile & analytics
OFF-MARKET
Estimated value
$6,300,000
Motels
800 Corporate Rdg Birmingham, AL 35242-5405
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-1363439
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
53,109 SF
Lot
3 ac (130,680 SF)
APN
39310002019018
UPID
US03-1363439
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
$6.30M
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$6.30M
Owner & transaction history
Shree Sai Narayana LLC · 2 yrs held
Shree Sai Narayana LLC
since 2024
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.5M
+24.0%
Office building
$8.6M
+13.1%
Auto repair, garage
$8.6M
+12.2%
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
$6,300,000
ML approach
$6,300,000
CAP Approach
CAP Return
Estimation
6%
$4,160,000
6.5%
$3,840,000
7%
$3,570,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,625,000
Current use
MEDICAL BUILDING
$9,455,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$8,620,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,550,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,140,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$6.30M
Range $5.67M – $6.93M · ±10% · vs last sale $6.30M (May 14 2024)
Last sale anchor
$6.30M
May 14 2024
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
$119 / 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
$91,490
Tax year 2023
Assessed value
$1,368,740
Assessed 2023
Previous assessed
$1,368,740
+0.0% YoY
Effective rate
6.68%
On assessed value
Land market value
$1,615,200
Improvement market value
$5,228,500
Total market value
$6,843,700
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
4
Rooms
101
Bathrooms
1
Total area
53,109 SF
Lot
3 ac (130,680 SF)
APN
39310002019018
UPID
US03-1363439
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
HOTEL/MOTEL Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.1M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
101
Bathrooms
1
Lot
3 ac
Current owner
From public records · entity-resolved
Shree Sai Narayana LLC
Entity
Mailing address
5225 PARK SIDE CIR, HOOVER, AL 35244-5139
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
$6,300,000
Shree Sai Narayana LLC
Cej Hospitality LLC
Warranty Deed
$4,900,000 · First National Bank
Dec 14, 2020
$630,000
800 Corp Parkway LLC
Shepherd Bush LLC
Warranty Deed
—
May 13, 2020
—
Cej Hospitality LLC
—
Deed
related
$150,000 · Promiseone Bk
Jun 3, 2019
$5,900,000
Cej Hospitality
Hwy 280 Birmingham Invs LLC
Warranty Deed
$4,800,000 · Promiseone Bank
Jun 29, 2017
—
Hwy 280 Birmingham Inv LLC
—
Deed
related
$2,908,208 · Bryant Bk
Jan 6, 2016
$3,550,000
Hwy 280 Birmingham Investments LLC
Mb Partners LLC
Warranty Deed
$2,800,000 · Bryant Bank
Jun 9, 2011
$2,500,000
Mb Partners LLC
Auctioneer Of Shelby County
Trustees Deed
—
—
—
Rafiki Hotels LLC
—
Deed Of Trust
related
$4,000,000 · Artesia Mortgage Capital Corp
—
—
Harpreet S Chadha
—
Deed Of Trust
related
$2,000,000 · Servisfirst Bank
—
—
Hwy 280 Birmingham Inv LLC
—
Loan Modification
related
$2,908,208 · Bryant Bk
—
—
Cej Hospitality LLC
—
Deed Of Trust
related
$150,000 · Promiseone Bk
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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