Back to Search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1101 3rd N Ave Birmingham, AL 35203-1533
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-1306910
Property summary
AI-generated overview
This well-established seafood restaurant in Birmingham, Alabama, is available for purchase. Boasting 16 years of successful operation, this turnkey opportunity includes all equipment and fixtures within the 1,500 square foot space. The sale does not include the real estate; the monthly rent is $5,500. The current owner is retiring and will provide up to three months of training to ensure a smooth transition for the new owner. Located at 1101 3rd Ave W, Suite B, Birmingham, AL 35204, this restaurant presents a unique chance to acquire a profitable, ongoing business with a loyal customer base. The asking price for this exceptional opportunity is $250,000. This is a business-only sale; the real property is not included. Serious inquiries only.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1992
Total area
1,767 SF
Lot
0.45 ac (19,564 SF)
Zoning code
M1
APN
22-00-35-4-022-001.003
UPID
US03-1306910
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
Current use
Occupant on record · Public records
-
THIRD AVE CITGO Gas Station
-
Exxon Gas Station
-
One Stop Gas Station
-
Hong Kong package store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
The Late Rollers Convenience Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ali,nagi · 20 yrs held
Ali,nagi
since 2005
2 recorded transactions
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Birmingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Birmingham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,183
Tax year 2022
Assessed value
$117,160
Assessed 2023
Previous assessed
$99,080
+18.2% YoY
Effective rate
6.13%
On assessed value
Assessed land
$35,220
Assessed improvement
$81,940
Land market value
$176,100
Improvement market value
$409,700
Total market value
$585,800
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,767 SF
Lot
0.45 ac (19,564 SF)
Zoning code
M1
APN
22-00-35-4-022-001.003
UPID
US03-1306910
Jurisdiction
JEFFERSON
Zoning & alternative use
M1 · Birmingham, AL
Zoning M1 · permitted uses
M1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Ali,nagi
Individual
Mailing address
1101 3RD AVE N, BIRMINGHAM, AL 35203-1533
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2005
$350,000
Ali,nagi
Moore Oil Co LLC
Warranty Deed
$283,212 · Moore Oil Co LLC
Nov 1, 1992
$102,500
Wilson Oil Company INC
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1101 3rd N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
