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    The Largest CRE Database in the US with Over 1 Million Listings

    7683 Georgia Ave Leeds, AL 35094

    Sponsored
    For Sale
    $1,091,550

    MULTI_FAMILY - Leeds, AL

    Property size:
    1,004 SF
    Lot size:
    0.85 Acres
    Days on Market:
    89
    Last Refresh:
    Jan 29 at 7:06 am

    Property Features for 7683 Georgia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    Various
    Size
    1,004 SF
    Lot size
    0.85 Acres

    We can help!

    Listing Contact
    Denise Evans

    Butler Evans Real Estate, Inc. (205) 310-3799

    Listing agent Denise Evans (205) 310-3799

    Listing date Nov 2, 2025

    MLS# 168953

    Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Seven Single-Family Homes Portfolio

    This portfolio comprises seven separate single-family residential homes located in the Birmingham suburban areas of Alabama. The properties are professionally managed and have good tenant histories. One property is located at 6876 Elliott Road, Trussville, 35173. It is a detached single-family home with 3 bedrooms and 1 bathroom, featuring a metal roof and an HVAC system that is 8 years old. The house has 1,095 square feet. Two townhomes are located at 395 Jamestown Manor Dr and 413 Jamestown Manor Dr in Gardendale. Each townhome includes 2 bedrooms and 1.5 bathrooms. The roof at 395 Jamestown Manor Dr was installed in 2015, and its HVAC system is 5 years old. The roof at 413 Jamestown Manor Dr was installed in 2005, and its HVAC system is 5 years old. Each townhome has 1,150 square feet. Four detached single-family homes are located in Leeds. One at 7837 Churchill Dr has 3 bedrooms and 1 bathroom, a metal roof, and an HVAC system that is 3 years old, with 950 square feet. Another at 8432 Lawley Ave has 2 bedrooms and 1 bathroom, a metal roof, and an HVAC system that is 2 years old, with 900 square feet. The property at 7683 Georgia Ave has 3 bedrooms and 1.5 bathrooms, a 2020 roof, and an HVAC system that is 2 years old, with 960 square feet. The property at 1604 Ray Street has 2 bedrooms and 1 bathroom, a 2005 roof and an HVAC system that is 12 years old, with 950 square feet. The total lot size is 0.85 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Leeds
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.588874
    Latitude
    33.689425

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    FAQs

    What type of property is this?
    Single family property - Portfolio of seven single-family homes in suburban Birmingham, Alabama.
    Where is this single family property located?
    The property is located at 7683 Georgia Ave Leeds, AL.
    What is the asking price?
    The asking price for this property is $1,091,550.
    What are key features of this property?
    This property features: - Portfolio of 7 separate single-family homes (SFR), not an apartment complex.; - Professionally managed properties with good tenant histories.; - All properties located in desirable Birmingham suburban areas.
    (205) 310-3799
    Request Owner's contact information
    7683 Georgia Ave Leeds, AL 35094
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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
    7683 Georgia Ave Leeds, AL 35094
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    Listing Contact
    Denise Evans
    (205) 310-3799
    Learn more
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