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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Office Spaces
900 15th St Birmingham, AL 35228-2437
Entity Owned
Free & Clear
Property ID
US03-1703065
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
6,219 SF
Lot
1.98 ac (86,249 SF)
Zoning code
CM1&M1
APN
22-00-26-4-030-001.002
UPID
US03-1703065
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
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.40M
Owner & transaction history
FLOWERS BAKING COMPANY BIRMINGHAM
FLOWERS BAKING COMPANY BIRMINGHAM
Zoning & alternative use
CM1&M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning/Zoning (MapServer)
Top alternative use upside
Restaurant
$1.7M
+103.4%
Neighborhood: shopping center
$1.7M
+101.1%
Apartment house (5+ units)
$1.3M
+50.0%
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%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
RESTAURANT
$1,700,000
Change: +103% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,680,000
Change: +101% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,255,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$1,105,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,040,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,000,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$225 / 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
$43,372
Tax year 2022
Assessed value
$636,160
Assessed 2023
Previous assessed
$598,240
+6.3% YoY
Effective rate
6.82%
On assessed value
Assessed land
$146,640
Assessed improvement
$489,520
Land market value
$733,200
Improvement market value
$2,447,600
Total market value
$3,180,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
6,219 SF
Lot
1.98 ac (86,249 SF)
Zoning code
CM1&M1
APN
22-00-26-4-030-001.002
UPID
US03-1703065
Jurisdiction
JEFFERSON
Zoning & alternative use
CM1&M1 · Birmingham, ALZoning CM1&M1 · permitted uses
CM1&M1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
FLOWERS BAKING COMPANY BIRMINGHAM
Entity
Free & Clear · 0 yrs held
Mailing address
900 16TH ST N, BIRMINGHAM, AL 35203-1017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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