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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Amusement parks
850 Shl Run Trl Birmingham, AL 35242-2649
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-1160920
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1986
Total area
4,259 SF
Lot
24.94 ac (1,086,386 SF)
APN
93050001008000
UPID
US03-1160920
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
-
Madison Place Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$550k
Owner & transaction history
Madison Bal LLC · 9 yrs held
Madison Bal LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+62.9%
Office building
$690,000
+48.5%
Auto repair, garage
$685,000
+47.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$465,000
Current use
MEDICAL BUILDING
$760,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$690,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$129 / 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
$275,946
Tax year 2023
Assessed value
$6,271,500
Assessed 2023
Previous assessed
$6,271,500
+0.0% YoY
Effective rate
4.40%
On assessed value
Land market value
$5,975,130
Improvement market value
$25,382,370
Total market value
$31,357,500
Applied tax rate
1.0000
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
1986
Heating
FORCED AIR
Cooling
YES
Buildings
19
Stories
1
Rooms
7
Bathrooms
178
Total area
4,259 SF
Lot
24.94 ac (1,086,386 SF)
APN
93050001008000
UPID
US03-1160920
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$575,000
RETAIL STORES
Est. value
$520,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
19
Rooms
7
Bathrooms
178
Lot
24.94 ac
Current owner
From public records · entity-resolved
Madison Bal LLC
Entity
Mailing address
581 N FRANKLIN TPKE STE #1, RAMSEY, NJ 07446-1241
Ownership since
2017
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
Dec 17, 2020
—
Madison Bal LLC
—
Deed
related
$4,050,000 · Prudential Affordable Mtg
Apr 7, 2017
$23,000,000
Madison Bal LLC
Teg Madison At Shoal Run LLC
Warranty Deed
related
$18,280,000 · Prudential Affordable Mtg
Feb 22, 2016
—
Teg Madison At Shoal Run LLC
—
Trustees Deed
related
$16,950,000 · Capital One Multifamily Fin
Aug 19, 2013
$31,700,000
Teg Madison At Shoal Run LLC
Madison At Shoal Run LLC
Grant Deed
$13,375,000 · Capmark Bank
Dec 15, 2008
—
Madison At Shoal Run LLC
G & I III Madison LLC
Quit Claim Deed
$13,375,000 · Capmark Bank
—
—
Madison Bal LLC
—
Deed Of Trust
related
$4,050,000 · Prudential Affordable Mtg
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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