Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1037 3Rd Ave Birmingham, AL 35204

    • Turn key restaurants
    • 5,112 SF
    • 0.95 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US03-2822881
    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

    • Faith Memorial Chapel Funeral / Funeral Home

    Property Details for 1037 3Rd Ave

    Year built
    1967
    Lot size
    0.95 lot acres
    Property size
    5,112 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    29-00-04-1-014-003.000
    APU
    2900041014003000

    Description

    This exceptional 0.95-acre commercial property located at 1037 3rd Avenue West in Birmingham, Alabama, presents a unique investment opportunity. Priced at $350,000, this property offers a multitude of potential uses due to its versatile nature and prime location. The substantial lot size provides ample parking, a significant advantage in a high-traffic area. The existing structure presents a "diamond in the rough" opportunity for redevelopment. Envision the possibilities: a thriving event center, a beautiful wedding chapel, a respected funeral home, a bustling restaurant, a vibrant retail shopping center, or modern office space. The high volume of traffic ensures excellent visibility and accessibility for any chosen business venture. The almost one-acre lot provides significant flexibility for expansion or future development. This property is ideally suited for an entrepreneur or investor seeking a high-return project with considerable upside potential. The location's strong traffic flow and ample parking make it an attractive proposition for a wide range of commercial uses. Don't miss this chance to acquire a versatile and strategically located commercial property in a dynamic Birmingham neighborhood.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $220,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $235,000
      Mixed-Use
      $200,000
      Hospitality
      $225,000
      Educational
      $215,000
      Residential Income
      $230,000
      Energy
      $245,000
      Income-Based Land
      $195,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8542
    Latitude
    33.5049
    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
    $4,997
    $22,780
    $51,380
    $74,160
    -
    $113,900
    $256,900
    $370,800

    Comparable in this City

    • Value Estimation by Request
      1,229 SF

      320 1st N St

      RESTAURANT • 1,229 SF
      320 1st N St, Birmingham, AL 35204-4301
      View Details
    • Value Estimation
      $345,000
      4,133 SF

      215 3rd W Ave

      RESTAURANT • 4,133 SF
      215 3rd W Ave, Birmingham, AL 35204-4116
      View Details
    • Value Estimation by Request
      2,829 SF

      230 8th W Ave

      RESTAURANT • 2,829 SF
      230 8th W Ave, Birmingham, AL 35204
      View Details
    • Value Estimation by Request
      1,294 SF

      1200 3rd W St

      RESTAURANT • 1,294 SF
      1200 3rd W St, Birmingham, AL 35204
      View Details
    • Value Estimation by Request
      2,430 SF

      13 1st N Ave

      RESTAURANT • 2,430 SF
      13 1st N Ave, Birmingham, AL 35204-4801
      View Details
    • Value Estimation
      $340,000
      6,000 SF

      100 3rd N Ave

      RESTAURANT • 6,000 SF
      100 3rd N Ave, Birmingham, AL 35204-4306
      View Details

    Similar Nearby for Sale

    • $169,000
      0.34 Acres

      Birmingham Retail/Restaurant Opportunity

      4200 SF building suitable for retail or restaurant business.
      1000 3Rd Ave, Birmingham, AL 35204
      View Details
    • $549,000
      4,036 SF

      PNC Bank Redevelopment Opportunity

      Birmingham Retail Bank, 8.5% Cap Rate
      1151 Bankhead Hwy, Birmingham, AL 35204
      View Details
    • Contact for pricing
      0.10 Acres

      Residential Lot in Birmingham, AL

      Residential lot zoned for multi-family development near downtown Birmingham.
      215 4Th Terrace Aly, Birmingham, AL 35204
      View Details
    • $190,000

      Move-in Ready Birmingham Duplex

      Well-maintained duplex in a desirable area, ideal for investors.
      1172 16Th Ave, Birmingham, AL 35204
      View Details
    • $350,000
      0.95 Acres

      Prime Birmingham Commercial Land

      High-traffic location, endless potential.
      1037 3Rd Ave, Birmingham, AL 35204
      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

    Similar Nearby for Lease

    • $2 SF/Yr
      106,100 SF

      Westgate Center: Prime Commercial Space

      Versatile Office & Retail, Abundant Parking
      1155 Bankhead Hwy, Birmingham, AL 35204
      View Details
    • $18 SF/Yr

      Former Bank Branch Sublease Available

      Former bank branch with drive-thru, excellent highway frontage.
      1151 Bankhead Hwy W, Birmingham, AL 35204
      View Details
    • Contact for pricing
      36,800 SF

      Birmingham Warehouse: 36,800 SF

      Large warehouse, ideal for distribution.
      305 26Th Ave, Birmingham, AL 35204
      View Details
    • $9 SF/Yr
      15,000 SF

      Flex Space with I-65 Frontage

      6,175 SF flex space near UAB campus for lease.
      400-410 10Th Ave S, Birmingham, AL 35204
      View Details
    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.
    1037 3Rd Ave
    Birmingham, AL 35204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.