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Property profile & analytics
OFF-MARKET
Garden apartment buildings
113 Broadway St Birmingham, AL 35209-5311
Individually Owned
13-yr Hold
Absentee Owner
Property ID
US03-0795934
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1948
Total area
2,694 SF
Lot
0.59 ac (25,528 SF)
Zoning code
R5
APN
29-00-13-2-023-007.000
UPID
US03-0795934
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Owner Name Unavailable · 13 yrs held
Owner Name Unavailable
since 2012
7 recorded transactions
Zoning & alternative use
R5 · 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
$10,580
Tax year 2022
Assessed value
$156,060
Assessed 2023
Previous assessed
$141,060
+10.6% YoY
Effective rate
6.78%
On assessed value
Assessed land
$102,120
Assessed improvement
$53,940
Land market value
$510,600
Improvement market value
$269,700
Total market value
$780,300
Applied tax rate
12.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Stories
1
Rooms
3
Bathrooms
3
Total area
2,694 SF
Lot
0.59 ac (25,528 SF)
Zoning code
R5
APN
29-00-13-2-023-007.000
UPID
US03-0795934
Jurisdiction
JEFFERSON
Zoning & alternative use
R5 · Birmingham, AL
Zoning R5 · permitted uses
R5 · 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
1948
Heating
FORCED AIR
Stories
1
Rooms
3
Bathrooms
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
43 NOLEN ST, BIRMINGHAM, AL 35242-1833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
—
Bes Apartments LLC
—
Deed
related
$286,861 · Iberiabank
May 1, 2019
—
Bes Apartments LLC
—
Deed
related
$140,000 · Iberiabank
Oct 23, 2017
—
Bes Apartments LLC
—
Deed
related
$100,000 · Sb&t Bk/al
Aug 5, 2016
—
Bes Apartments LLC
—
Deed
related
$50,000 · Iberiabank
Aug 1, 2012
$252,200
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jul 21, 2008
—
Stevens,eli & Patricia M
Owner Name Unavailable
Grant Deed
related
—
May 4, 2007
—
Flach,pete
Stevens,eli & Patricia M
Quit Claim Deed
related
—
Aug 9, 2006
$700,000
Stevens,eli & Patricia M
Flach,pete
Grant Deed
—
Apr 14, 2005
$700,000
Flach,pete
Estes,c H III
Grant Deed
—
Mar 1, 1995
$190,000
New Owner
Estes,c H III
Grant Deed
related
—
—
—
Bes Apartments LLC
—
Deed Of Trust
related
$140,000 · Iberiabank
—
—
Bes Apartments LLC
—
Deed Of Trust
related
$50,000 · Iberiabank
—
—
Bes Apartments LLC
—
Deed Of Trust
related
$286,861 · Iberiabank
—
—
Bes Apartments LLC
—
Deed Of Trust
related
$100,000 · Sb&t Bk/al
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.
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