Property profile

1407 9th Ave Birmingham, AL 35228

OFF-MARKET
Investment properties
Property ID
US03-0549503
2,926 SF 0.16 ac lot Built 1925
Individually Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Total area 2,926 SF
Lot 0.16 ac (7,000 SF)
Zoning code B2
APN 30-00-22-3-024-004.000
UPID US03-0549503

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1407 9th Ave Birmingham, AL 35228-2414
Birmingham metro Census 13400 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$525k
Comparable Approach Comparable
$743k
Blend (final) Blend
$660k

Owner & transaction history

since 2015
4 recorded transactions
2015
$9,500
2010
Price N/A
2006
$32,805
2004
$136,000

Zoning & alternative use

B2 · Birmingham, AL
Zoning description

Section 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 Gener…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Neighborhood: shopping center $790,000 +101.1%
Medical building $520,000 +32.4%
Office building $490,000 +24.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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