Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1312 3Rd Ave Birmingham, AL 35208

    • Grocery and convenience stores
    • 7,300 SF
    • 0.64 lot acres
    For Lease
    View listing
    Value Estimations
    $315,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1002119
    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.

    Current Use by Public Records

    • Food Depot Quick Stop Shop / Gas Station / Convenience Store
    • Coinsource Bitcoin ATM / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1312 3Rd Ave

    Year built
    2010
    Lot size
    0.64 lot acres
    Property size
    7,300 SF
    Zone code
    B2
    Property type
    Grocery and convenience stores
    APN
    29-00-04-2-011-011.000
    APU
    2900042011011000

    Description

    This exceptional Birmingham, Alabama retail property offers two newly renovated suites totaling 2,327 square feet, available for immediate lease. Located at 1312 3rd Ave W, this Class B property boasts a convenient west end location at the corner of 3rd Ave W and 13th St W. The single-story building underwent a complete renovation in 2024. Individual suite sizes are 1,114 and 1,213 square feet, offering flexibility for various retail businesses. The property benefits from its proximity to key attractions including the newly renovated Rickwood Field, the vibrant 5 Points West district, Princeton Baptist Hospital, and the former Birmingham Southern College campus. Existing co-tenants include a food depot and a beauty store, creating a synergistic retail environment. Jefferson County location and easy access to major thoroughfares ensure high visibility and foot traffic. This is an excellent opportunity for businesses seeking a well-located, modern retail space in a thriving Birmingham neighborhood. The property features one building with a total of 2,327 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $324,000
      Market price range: $96.2k - $382k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8588
    Latitude
    33.5054
    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
    $16,150
    $16,800
    $272,780
    $289,580
    -
    $84,000
    $1,363,900
    $1,447,900

    Comparable in this City

    • Value Estimation
      $235,000
      2,360 SF

      1612 Bessemer Rd

      CONVENIENCE STORE • 2,360 SF
      1612 Bessemer Rd, Birmingham, AL 35208
      View Details
    • Value Estimation
      $225,000
      534 SF

      1008 Vinesville Rd

      GROCERY, SUPERMARKET • 534 SF
      1008 Vinesville Rd, Birmingham, AL 35208
      View Details
    • Value Estimation
      $785,000
      57,624 SF

      1965 Bessemer Rd

      GROCERY, SUPERMARKET • 57,624 SF
      1965 Bessemer Rd, Birmingham, AL 35208-4121
      View Details
    • Value Estimation
      $305,000
      2,000 SF

      224 12th W St

      CONVENIENCE STORE • 2,000 SF
      224 12th W St, Birmingham, AL 35208-5537
      View Details
    • Value Estimation
      $635,000
      18,410 SF

      1319 Bessemer Rd

      GROCERY, SUPERMARKET • 18,410 SF
      1319 Bessemer Rd, Birmingham, AL 35208-4325
      View Details
    • Value Estimation
      $270,000
      1,676 SF

      2161 Bessemer Rd

      CONVENIENCE STORE • 1,676 SF
      2161 Bessemer Rd, Birmingham, AL 35208-3407
      View Details

    Similar Nearby for Sale

    • $229,900
      0.12 Acres

      Retail Lots Near Crossplex

      Two retail lots on a busy thoroughfare, potential for businesses.
      2610 Bessemer Rd, Birmingham, AL 35208
      View Details
    • $229,900
      0.12 Acres

      Retail Lots on Busy Thoroughfare

      Two retail lots on a busy road near the Crossplex.
      2508 Bessemer Rd, Birmingham, AL 35208
      View Details
    • Contact for pricing
      Pending

      Birmingham Car Wash Opportunity

      Car wash and detail business opportunity in Birmingham, Alabama.
      1000 Vinesville Rd, Birmingham, AL 35208
      View Details
    • $1,225,000
      22,995 SF

      Warehouse/Flex Space For Sale

      Warehouse/flex space with interstate access near downtown Birmingham.
      1318 1St Ave N, Birmingham, AL 35208
      View Details
    • Contact for pricing
      4.00 Acres

      Versatile Mixed-Use Building

      Adaptable space for retail, office, or creative ventures.
      2401 Crossplex Blvd, Birmingham, AL 35208
      View Details
    • $500,000

      Industrial Land Near Birmingham Crossplex

      10.3 acres of industrial land with utilities on site.
      3240 Fayette Ave, Birmingham, AL 35208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,470 SF

      Retail Space in Parkside District

      Retail space in a high-visibility, bustling location.
      1401-1415 3Rd Ave S, Birmingham, AL 35208
      View Details
    • Contact for pricing
      2,327 SF

      Prime Birmingham Retail Suites

      Two renovated suites, 1114-1213 sq ft
      1312 3Rd Ave, Birmingham, AL 35208
      View Details
    • Contact for pricing

      Warehouse Space with Dock Doors

      Industrial distribution buildings with dock doors near rail line.
      2700 13Th St, Birmingham, AL 35208
      View Details
    • Contact for pricing
      115,301 SF

      Birmingham Warehouse - 66,625 SF

      Large warehouse space available in Birmingham.
      1200 Roberts Industrial Dr, Birmingham, AL 35208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1312 3Rd Ave
    Birmingham, AL 35208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.