Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1037 3rd AV W Birmingham, AL 35204

    View on Map
    For Sale
    $159,000

    Commercial Building - Birmingham, AL

    Property size:
    5,200 SF
    Lot size:
    1.00 Acre
    Added:
    Feb 9, 2026
    Days on Market:
    46
    Last Refresh:
    Mar 27 at 9:06 am

    Property Features for 1037 3rd AV W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    200
    Parking features
    Garage
    Standard status
    Active
    APN
    29 00 04 1 014 003.000
    Size
    5,200 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Mizell

    Listing agent Mark Mizell

    Listing office MARMAC COMMERCIAL REAL ESTATE 610 6th Ave SE, Decatur, AL

    Listing date Feb 9, 2026

    MLS# 11651720 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building in Birmingham, AL

    Located in a commercial area of Birmingham, AL, this property features a building of 5200 +/- square feet situated on a 1 +/- acre lot. The building, formerly a restaurant location, requires renovation work. The zoning is 200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Faith Memorial Chapel ... Social Service Agency

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8543
    Latitude
    33.504903

    Nearby Similar for Sale

    • $475,000

      Birmingham Office Building For Sale

      Well-maintained office building with high occupancy and income potential.
      9729 PARKWAY EAST, BIRMINGHAM, AL 35215
      View Details
    • $365,000

      Restaurant Building For Sale

      Restaurant building with land and business for sale.
      96 NE 25TH AVENUE, BIRMINGHAM, AL 35215
      View Details
    • $795,000

      High-Visibility Office Building For Sale

      Cash-flowing office asset near a bustling commercial corridor.
      524 RED LANE ROAD, BIRMINGHAM, AL 35215
      View Details
    • $1,500,000

      Turn-Key Medical Shell Opportunity

      12,000 SF medical shell on a high-traffic corner lot.
      2027 CENTER POINT PARKWAY, CENTER POINT, AL 35215
      View Details
    • $195,000

      BIRMINGHAM Mixed-Use Commercial Property

      Commercial property zoned B-2, great for business or development.
      4612 AVENUE P, BIRMINGHAM, AL 35208
      View Details
    • $10,500

      Versatile Mixed-Use Space in Birmingham

      Affordable venue/studio/office/retail space in Birmingham, AL.
      1612 3RD AVENUE, BIRMINGHAM, AL 35203
      View Details
    • $1.00
      4,676 SF

      Commercial Building in Roebuck Birmingham

      Large commercial building with additional lot in Roebuck Birmingham.
      9009 Parkway East, Birmingham, AL 35206
      View Details
    • $399,900

      Birmingham Automotive/Commercial Opportunity

      Commercial property suitable for auto sales, service, or other ventures.
      5547 1ST AVENUE, BIRMINGHAM, AL 35212
      View Details
    • $1,448,750

      Eastlake Commercial Center Assemblage

      Portfolio of five leased retail buildings in historic Eastlake district.
      7611 1ST AVENUE, BIRMINGHAM, AL 35206
      View Details
    • $49,000

      BIRMINGHAM Warehouse Ideal for Services

      Warehouse suitable for service companies with easy freeway access.
      2824 26TH STREET, BIRMINGHAM, AL 35207
      View Details
    • $149,000

      Ensley District Commercial Building

      Commercial building in Birmingham's Ensley Social redevelopment zone.
      2901 AVENUE E, BIRMINGHAM, AL 35218
      View Details
    • $75,000

      Corner Lot Retail Opportunity

      Corner lot suitable for retail, gas station, or auto shop.
      1501 19TH STREET ENSLEY, BIRMINGHAM, AL 35218
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial building on a 1+/- acre lot, former restaurant.
    Where is this restaurant located?
    The property is located at 1037 3rd AV W Birmingham, AL.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 1+/- acre lot in the commercial area of Birmingham; 5200 +/- sq ft building, formerly a restaurant; Features a garage
    (256) 214-2227
    We can help!
    Listing Contact
    Mark Mizell
    Real Estate License ID: 136684
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!