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Property profile & analytics

1145 Forestdale Blvd Birmingham, AL 35214-3833

  • Office Properties & Spaces
  • 2,310 SF
  • 0.41 lot acres
OFF-MARKET
Last Sale
Jan 20, 2021
$245,000
Value Estimations
$290,000
Show details
Cap Rate Potential
9.5%
Office Properties & Spaces
Location Intelligence
Property ID
US03-0588371
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

  • Forestdale Pharmacy / Pharmacy
  • US Title Loans / Loan Agency

Property Details for 1145 Forestdale Blvd

Year built
1984
Lot size
0.41 lot acres
Property size
2,310 SF
Zone code
C1
Property type
Office Properties & Spaces
APN
22-00-18-4-002-001.001
APU
2200184002001001

Description

This exceptional commercial property located at 1145 FORESTDALE BOULEVARD in Birmingham, Alabama, presents a rare opportunity for immediate occupancy. Situated on a 0.41-acre lot, the building offers a versatile space previously used as a fast-food restaurant and more recently as a pharmacy. The adaptable layout allows for a variety of commercial uses, minimizing the need for extensive renovations before commencing operations. Significant improvements have been undertaken by the seller, encompassing substantial upgrades to the plumbing, electrical systems, roofing, and flooring. These upgrades ensure a move-in ready condition, reducing upfront costs and accelerating the return on investment. The building's history demonstrates its suitability for various commercial ventures, offering a solid foundation for a new business or expansion. The motivated seller is eager to facilitate a swift transaction, making this an attractive proposition for discerning investors and entrepreneurs seeking a turnkey commercial space in a desirable Birmingham location. The property is priced competitively at $399,000, reflecting its excellent condition and immediate operational readiness. This presents a compelling opportunity to acquire a well-maintained commercial building with minimal capital expenditure required for immediate use. The property's size and location make it an ideal investment for a variety of businesses seeking a convenient and established presence in Birmingham.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $285,000
    ML approach
    $270,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $445,000
    6.5%
    $415,000
    7%
    $385,000

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


Location Insight

  • Map
  • Local Demand
City
Birmingham
County
Jefferson
State
Alabama
Longitude
-86.8906
Latitude
33.5592
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
2022
$2,691
$28,440
$27,900
$56,340
-
$142,200
$139,500
$281,700
More about this property
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