Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2213 Montreat Cir, Unit D Birmingham, AL 35216

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $158,000

    Move-in ready 2 bed, 2 bath unit in Vestavia Hills.

    Property size:
    1,085 SF

    Property Features for 2213 Montreat Cir

    General Information

    Size
    1,085 SF

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Mary Milton
    Source: Kw

    Listing Agent: Mary Milton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Top Floor End Unit

    This move-in ready top floor end unit features 2 bedrooms and 2 bathrooms. The floorplan is suitable for roommates, offering ample closet space. Updates throughout the property were completed in 2021, including insulated windows, HVAC, a programmable thermostat, a water heater, cutoff valves, new toilets, electrical upgrades, and bamboo hardwood flooring. The kitchen was fully remodeled with a reconfigured, open layout that is large enough for an island. It includes new kitchen cabinets, granite countertops, tile backsplash, and kitchen appliances. All appliances remain, including a washer and dryer. HOA dues cover trash pickup, pool access, clubhouse access, exterior maintenance, water/sewer services, and an assigned parking space. The property is located in Vestavia Hills and is convenient to local colleges, shopping, dining, and I-65. The property size is 1085 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.801625
    Latitude
    33.413203

    Nearby Similar for Sale

    • New
      $380,000

      Birmingham Apartment Investment Opportunity

      Five-unit apartment building near UAB with updated electrical.
      1501 13Th St, Birmingham, AL 35205
      View Details
    • $399,900
      0.80 Acres

      Church in Birmingham, Alabama

      Church property for sale in Birmingham, Alabama.
      2001 Avenue Z, Birmingham, AL 35208
      View Details
    • $940,000

      Avondale Quadplex Near Downtown Birmingham

      Well-maintained quadplex in a desirable, walkable Birmingham neighborhood.
      4111 4Th Ave, Birmingham, AL 35222
      View Details
    • $325,000
      0.19 Acres

      Tarrant Commercial Office Building

      Versatile commercial office with warehouse in Tarrant, Alabama.
      1133 Ford Ave, Birmingham, AL 35217
      View Details
    • $459,000
      0.18 Acres

      Historic Office Building in Birmingham

      Two-story office building with six offices in downtown Birmingham.
      1027 23Rd St, Birmingham, AL 35205
      View Details
    • $425,000

      Renovated Multifamily Investment Opportunity

      Renovated 7-unit multifamily complex in Birmingham, ideal for short-term rentals.
      3500 12Th Ave, Birmingham, AL 35234
      View Details
    • $170,000

      Birmingham Duplex: Investor's Dream

      Move-in ready duplex in Birmingham, perfect for investors or homeowners.
      1172 16Th Ave, Birmingham, AL 35204
      View Details
    • $350,000
      0.16 Acres

      Multi-Use Building For Sale

      Commercial building suitable for automotive, restaurant, office, or residential use.
      5100 7Th Ave, Birmingham, AL 35224
      View Details
    • $850,000
      0.49 Acres

      High-Visibility Office Building For Sale

      Cash-flowing office asset near a bustling commercial corridor.
      524 Red Lane Rd, Birmingham, AL 35215
      View Details
    • $1,690,000

      Renovated Apartment Building Near Downtown

      Renovated 24-unit apartment building near downtown Birmingham, fully occupied.
      1609 6Th St, Birmingham, AL 35204
      View Details
    • Contact for pricing
      4,676 SF

      Commercial Building in Roebuck Birmingham

      Large commercial building with apartment and additional lot for sale.
      9009 Parkway East Dr East, Birmingham, AL 35206
      View Details
    • $439,900
      3.00 Acres

      Versatile Mixed-Use Building on 3 Acres

      Two-story, multi-purpose building with residential and commercial potential.
      1123 Brewster Rd, Birmingham, AL 35235
      View Details

    FAQs

    What type of property is this?
    Apartment building - Move-in ready 2 bed, 2 bath unit in Vestavia Hills.
    Where is this apartment building located?
    The property is located at 2213 Montreat Cir, Unit D Birmingham, AL.
    What is the asking price?
    The asking price for this property is $158,000.
    What are key features of this property?
    This property features: - Move-in ready, top floor end unit in Vestavia Hills.; - Updated in 2021 with insulated windows, HVAC, electrical upgrades, and bamboo hardwood flooring.; - Remodeled kitchen boasts an open layout, new cabinets, granite countertop, and appliances.
    (205) 637-0446
    Request Owner's contact information
    2213 Montreat Cir, Unit D Birmingham, AL 35216
    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.
    2213 Montreat Cir, Unit D
    Birmingham, AL 35216
    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
    2213 Montreat Cir, Unit D Birmingham, AL 35216
    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

    We can help!
    Listing Contact
    Mary Milton
    (205) 637-0446
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.