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    Property profile & analytics

    Birmingham, AL 35242

    • Investment properties
    • 9,600 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1101812
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details

    Year built
    1983
    Construction
    WOOD
    Lot size
    1.49 lot acres
    Property size
    9,600 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    27360001002007
    APU
    27360001002007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,183,000
      Market price range: $501k - $2.44M
      AI Estimate
      $841,000
      Market price range: $254k - $1.74M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,290,000
      Current use
      OFFICE BUILDING
      $1,560,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,545,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $1,175,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7013
    Latitude
    33.4247
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,893
    $0.00
    $0.00
    $315,760
    -
    $844,930
    $733,800
    $1,578,730

    Comparable in this City

    • Value Estimation by Request
      4,141 SF

      157 Resource Ctr Pkwy Ste, Unit 102

      STORE/OFFICE (MIXED USE) • 4,141 SF
      157 Resource Ctr Pkwy Ste, Birmingham, AL 35242-8135
      View Details
    • Value Estimation by Request
      0.06 Acres

      5420 Hwy 280

      STORE/OFFICE (MIXED USE) • 0.06 Acres
      5420 Hwy 280, Hoover, AL 35242-6508
      View Details
    • Value Estimation
      $1,370,000
      24,282 SF

      2811 Greystone Commercial Blvd

      STORE/OFFICE (MIXED USE) • 24,282 SF
      2811 Greystone Commercial Blvd, Hoover, AL 35242-2660
      View Details
    • Value Estimation
      $985,000
      16,000 SF

      27 Inverness Ctr Pkwy

      STORE/OFFICE (MIXED USE) • 16,000 SF
      27 Inverness Ctr Pkwy, Hoover, AL 35242-4810
      View Details
    • Value Estimation by Request
      2,888 SF

      12 Olmsted St

      STORE/OFFICE (MIXED USE) • 2,888 SF
      12 Olmsted St, Birmingham, AL 35242-1827
      View Details
    • Value Estimation by Request
      2,652 SF

      28 Olmsted St

      STORE/OFFICE (MIXED USE) • 2,652 SF
      28 Olmsted St, Birmingham, AL 35242-1827
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Birmingham Mixed-Use

      Highway 280 Commercial Opportunity
      5425 Us Hwy 280, Birmingham, AL 35242
      View Details
    • New
      $299,000
      1.02 Acres

      Birmingham Vacant Land Homesite

      One-acre homesite in Shelby County, close to Oak Mountain.
      135 Bishop Crk Ln, Birmingham, AL 35242
      View Details
    • $177,450

      Updated Condo in Oak Mountain

      Two-bedroom condo with updated features and community amenities.
      1208 Morning Sun Dr, Birmingham, AL 35242
      View Details
    • $650,000
      6.08 Acres

      Birmingham Acreage Dream Home Site

      Gated 6.08+/- acre lot in desirable Dunnavant Valley.
      326 South Oak Trl, Birmingham, AL 35242
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    • $350,000
      2.90 Acres

      Flat 2.9 Acre Lot

      Rare, flat 2.9-acre lot in Greystone Crest.
      1214 Greystone Crst, Hoover, AL 35242
      View Details
    • $284,000
      1.80 Acres

      Prime Birmingham Commercial Land

      1.8 Acres, Executive Office Potential
      0 Missionary Rdg & Brk Highland Pkwy, Birmingham, AL 35242
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      7,200 SF

      Highway 280 Medical Suites Available

      Prime Birmingham medical space, multiple suites.
      5406 Us-280, Birmingham, AL 35242
      View Details
    • $12 SF/Yr
      77,130 SF

      Highway 280 Executive Suites

      Prime Office Space, Flexible Sizes
      5511 Us-280, Birmingham, AL 35242
      View Details
    • $21 SF/Yr
      2,000 SF

      Cahaba Valley Office Space Available

      2,000 sq ft, Second Floor Office Suite
      2201 Cahaba Valley Dr, Birmingham, AL 35242
      View Details
    • $14 SF/Yr
      2,800 SF

      Riverhills Executive Office Space

      Prime Birmingham Office, 2800 sq ft
      400 Riverhill Business Park, Birmingham, AL 35242
      View Details
    • Contact for pricing
      5,283 SF

      Inverness Village Retail Spaces

      Prime Birmingham retail suites, 1200-2760 sqft.
      5291 Valleydale Rd, Birmingham, AL 35242
      View Details
    • $19 SF/Yr

      Office Space in Wooded Environment

      Sublease office space available until April 30, 2026.
      22 Inverness Ctr Pkwy, Birmingham, AL 35242
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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