1151 Bankhead Hwy W Birmingham, AL 35204
Property profile & analytics
1151 Bankhead Hwy W, Birmingham, AL 35204
- Banks
- 4,036 SF
- 0.56 lot acres
Property ID
US03-2434211
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.
Location Intelligence
Current Use by Public Records
- PNC ATM / Atm
Property Details for 1151 Bankhead Hwy W
- Year built
- 1966
- Lot size
- 0.56 lot acres
- Zone code
- B2
- Property type
- Banks
- APN
- 22-00-28-1-008-007.002
- APU
- 2200281008007002
Description
This exceptional redevelopment opportunity presents a 4,036 square foot single-tenant retail property currently occupied by PNC Bank under a triple-net (NNN) lease with a corporate guarantee. Located at 1151 Bankhead Hwy W, Birmingham, AL 35204, this fee-simple property boasts a prime location with excellent visibility and access on Bankhead Highway West, experiencing a 50% traffic increase (to 41,384 VPD) over the past three years. Its proximity to Interstate 20 (136,038 VPD) further enhances its strategic value. The property, built in 1966 and renovated in 2018, sits on a 0.56-acre lot (APN: 22-00-28-1-008-007.000). The current lease, commencing October 31, 2006, and expiring November 29, 2026, offers a remaining term of approximately 2.8 years, providing a strong return on investment. The property's Net Operating Income (NOI) is $49,200, yielding an 8.50% cap rate at an asking price of $549,000 ($143.46/sq ft). This location benefits from its placement within a Qualified Opportunity Zone, offering potential tax incentives. The surrounding area boasts a significant population (over 146,000 within a five-mile radius) and a substantial workforce (224,365 employees), with easy access to downtown Birmingham (3.5 miles) and its 1.2 million residents. This presents a compelling investment opportunity for owner-users seeking to capitalize on a strong tenant and a prime location with significant redevelopment potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8553
- Latitude
- 33.5316
- 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
$4,215
$11,040
$65,260
$76,300
-
$55,200
$326,300
$381,500
