133 41St Ave W Birmingham, AL 35207
Office Spaces
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Entity Owned
Absentee Owner
Free & Clear
For Lease
1 / 6
$3,500/Mo
133 41St Ave W, Birmingham, AL 35207
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Estimated value (blended)
$470k
Range $423k – $517k (±10%)
Property ID
US03-1005835
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Total area
14,162 SF
Lot
8.3 ac (361,548 SF)
Zoning code
QM1
APN
22-00-15-1-003-005.000
UPID
US03-1005835
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$470k
Owner & transaction history
Zoning & alternative use
QM1 · Birmingham, AL
Zoning description
The purpose of Q1 Qualified District is to provide for the regulation of commercial, manufacturing or residential uses of land and structures in order that uses and development of said land, buildings and structures will…
General category
INDUSTRIAL
Top alternative use upside
Restaurant
$3.9M
+103.4%
Neighborhood: shopping center
$3.8M
+101.1%
Apartment house (5+ units)
$2.9M
+50.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$470k
Value range
$423k – $517k
±10% around blend
Estimated value / SF
$33 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$423k
blend $470k
$517k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,162 SF
Lot area
8.3 ac
Year built
1999
Stories
2
APN
22-00-15-1-003-005.000
Assessed value
$425,940
Annual tax
$26,368
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.74M
@ 6.5% CAP return
$2.53M
@ 7% CAP return
$2.35M
4
Sales comparison
Partial preview
Sales approach indication
$989k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.8 mi away · 10,000 SF
7.7 mi away · 10,066 SF
10.2 mi away · 10,027 SF
12.8 mi away · 11,343 SF
13.0 mi away · 11,165 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$470k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 740 sales
$134
-75%
County 1088 sales
$116
-71%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $33/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+103%
vs current-use indication
Neighborhood: Shopping Center
Apartment House (5+ Units)
Medical Building
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$426k
Move the market yield to see immediate price impact.
Value / SF
$30
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$27k
$537k
$383k
$298k
$30k
$596k
$426k
$331k
$33k
$656k
$469k
$364k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$59k
6.1 mi · Dec 2025 · $5/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$26,368
Tax year 2022
Assessed value
$425,940
Assessed 2023
Previous assessed
$363,700
+17.1% YoY
Effective rate
6.19%
On assessed value
Assessed land
$90,380
Assessed improvement
$335,560
Land market value
$451,900
Improvement market value
$1,677,800
Total market value
$2,129,700
Applied tax rate
33.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1999
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
4
Total area
14,162 SF
Lot
8.3 ac (361,548 SF)
Zoning code
QM1
APN
22-00-15-1-003-005.000
UPID
US03-1005835
Jurisdiction
JEFFERSON
Zoning & alternative use
QM1 · Birmingham, ALZoning QM1 · permitted uses
QM1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of Q1 Qualified District is to provide for the regulation of commercial, manufacturing or residential uses of land and structures in order that uses and development of said land, buildings and structures will…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
8.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
QM1
INDUSTRIAL
Jurisdiction
Birmingham, AL
Recorded code
QM1
Official district
QM1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for QM1 in Birmingham, AL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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