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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Retail properties & Spaces
1109 22nd S St Birmingham, AL 35205-2813
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US03-0950912
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1927
Total area
6,600 SF
Lot
0.31 ac (13,330 SF)
Zoning code
B1
APN
28-00-06-2-011-011.000
UPID
US03-0950912
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
-
Chambless King Architects Architecture Firm
-
Dix.Hite + Partners Landscaping (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$875k
Owner & transaction history
Collins Space LLC · 10 yrs held
Collins Space LLC
since 2016
5 recorded transactions
Zoning & alternative use
B1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+128.7%
Medical building
$1.2M
+101.9%
Office building
$1.1M
+89.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,330,000
Change: +129% · Conversion: Difficult
MEDICAL BUILDING
$1,175,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$1,105,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
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
$8,435
Tax year 2022
Assessed value
$158,600
Assessed 2023
Previous assessed
$116,340
+36.3% YoY
Effective rate
5.32%
On assessed value
Assessed land
$78,228
Assessed improvement
$80,372
Land market value
$346,600
Improvement market value
$356,100
Total market value
$702,700
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
4
Total area
6,600 SF
Lot
0.31 ac (13,330 SF)
Zoning code
B1
APN
28-00-06-2-011-011.000
UPID
US03-0950912
Jurisdiction
JEFFERSON
Zoning & alternative use
B1 · Birmingham, AL
Zoning B1 · permitted uses
B1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$805,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Collins Space LLC
Entity
Mailing address
2445 CORONADO DR, HOOVER, AL 35226-1659
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2017
—
Collins Space LLC
—
Deed
related
$399,500 · Servisfirst Bk
Jul 1, 2016
$195,000
Collins Space LLC
Regions Bank
Warranty Deed
$335,000 · Servisfirst Bank
Oct 18, 1996
$340,000
Bazuay Christopher
Christopher,bazu
Grant Deed
related
—
—
—
Elements Communications Soluti
—
Deed Of Trust
related
$150,000 · Union Planters Nat'l Bk
—
—
Collins Space LLC
—
Loan Modification
related
$399,500 · Servisfirst Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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