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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Sports & entertainment properties
89 Robert Jemison Rd Birmingham, AL 35209-3606
Entity Owned
7-yr Hold
Free & Clear
Property ID
US03-0761526
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1984
Total area
35,788 SF
Lot
4.25 ac (185,174 SF)
Zoning code
B2
APN
29-00-15-4-002-001.002
UPID
US03-0761526
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
-
World Of Blessings Church Church
-
PropHouse Party Supply Store Rental Equipment Company
-
Hot House Design Llc (Bike/Boat/Book/etc) Store Florist
-
HotHouse Design Studio & PropHouse Birmingham (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$865k
Owner & transaction history
Hothouse Holdings INC · 7 yrs held
Hothouse Holdings INC
since 2019
6 recorded transactions
Zoning & alternative use
B2 · Birmingham, AL
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
by Request
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,375,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,335,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$24 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,088
Tax year 2022
Assessed value
$660,740
Assessed 2023
Previous assessed
$221,900
+197.8% YoY
Effective rate
2.43%
On assessed value
Assessed land
$225,143
Assessed improvement
$435,597
Land market value
$462,900
Improvement market value
$895,600
Total market value
$1,358,500
Applied tax rate
30.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
35,788 SF
Lot
4.25 ac (185,174 SF)
Zoning code
B2
APN
29-00-15-4-002-001.002
UPID
US03-0761526
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Birmingham, AL
Zoning B2 · permitted uses
B2 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
4.25 ac
Current owner
From public records · entity-resolved
Hothouse Holdings INC
Entity
Free & Clear · 7 yrs held
Mailing address
89 ROBERT JEMISON RD, BIRMINGHAM, AL 35209-3606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Feb 8, 2019
$1,658,500
Hothouse Holdings INC
Majerik,mandy L
Quit Claim Deed
related
—
Mar 29, 2017
—
Mandy L Majerik
—
Deed
related
$896,000 · Peoples Bk/al
Mar 16, 2017
—
Mandy L Majerik
—
Deed
related
$896,000 · Peoples Bk/al
Oct 10, 2016
$650,000
Mandy L Majerik
Castros Promotions INC
Warranty Deed
$660,000 · Peoples Bk/al
—
—
Mandy L Majerik
—
Loan Modification
related
$896,000 · Peoples Bk/al
—
—
Mandy L Majerik
—
Loan Modification
related
$896,000 · Peoples Bk/al
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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