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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Residential income homes
1171 16th S Ave Birmingham, AL 35205-4680
Entity Owned
12-yr Hold
Property ID
US03-0132833
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1976
Total area
13,234 SF
Lot
0.38 ac (16,766 SF)
Zoning code
R3
APN
29-00-12-2-003-001.000
UPID
US03-0132833
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
-
Delacroix Apartments Apartment Building
-
Apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
Delacroix Apartment Partners L · 12 yrs held
Delacroix Apartment Partners L
since 2014
4 recorded transactions
Zoning & alternative use
R3 · 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
$69 / 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
$11,702
Tax year 2022
Assessed value
$206,700
Assessed 2023
Previous assessed
$206,700
+0.0% YoY
Effective rate
5.66%
On assessed value
Assessed land
$77,120
Assessed improvement
$129,580
Land market value
$385,600
Improvement market value
$647,900
Total market value
$1,033,500
Applied tax rate
35.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
17
Bathrooms
5
Total area
13,234 SF
Lot
0.38 ac (16,766 SF)
Zoning code
R3
APN
29-00-12-2-003-001.000
UPID
US03-0132833
Jurisdiction
JEFFERSON
Zoning & alternative use
R3 · Birmingham, AL
Zoning R3 · permitted uses
R3 · 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
1976
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
17
Bathrooms
5
Lot
0.38 ac
Current owner
From public records · entity-resolved
Delacroix Apartment Partners L
Entity
Mailing address
1652 FELIX AVE, MEMPHIS, TN 38114-1639
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2014
$554,000
Delacroix Apartment Partners L
Yelah LP
Warranty Deed
$637,500 · Renasant Bk
Dec 22, 2006
—
Magna Management INC
Habshey,joseph
Warranty Deed
related
—
Oct 4, 2006
—
Habshey,joseph
Yelah
Warranty Deed
$508,945 · Alabama Ctrl Cu
Aug 1, 1993
$275,000
Joseph N Habshey
Lawler,harold J
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.
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