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Property profile & analytics
OFF-MARKET Estimated value $1,565,000
Office Spaces

1020 12th St Birmingham, AL 35228

6,968 SF 3.5 ac lot Built 1962
Individually Owned Free & Clear
Property ID
US03-0781958
Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1962
Total area 6,968 SF
Lot 3.5 ac (152,460 SF)
Zoning code M2
APN 22-00-28-4-028-001.000
UPID US03-0781958
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.57M
Owner & transaction history
R A SAND WADE
R A SAND WADE
Zoning & alternative use
M2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 3. M-2, Heavy Industrial District. Subsection 1. Generally. The regulations set forth in this Section or set forth in this Ordinance, when referred to in this Section, are the regulations of the M-2 Heavy Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in t…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 3,860.46 ac
Source Planning/Zoning (MapServer)
Top alternative use upside
Restaurant $1.9M +103.4%
Neighborhood: shopping center $1.9M +101.1%
Apartment house (5+ units) $1.4M +50.0%
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