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    1503 Gadsden Hwy Birmingham, AL 35235-3101
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    Property profile & analytics

    1503 Gadsden Hwy Birmingham, AL 35235-3101

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    • Automotive properties
    • 11,902 SF
    • 4.05 lot acres
    Off-Market
    Property ID
    US03-0526367
    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.
    Value Estimations
    $1,790,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Serra Hyundai Parts Center / Auto Parts Store

    Property Details for 1503 Gadsden Hwy

    Year built
    2000
    Lot size
    4.05 lot acres
    Property size
    11,902 SF
    Zone code
    C1
    Property type
    Automotive properties
    APN
    12-00-33-1-000-020.000
    APU
    1200331000020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,859,000
      Market price range: $353k - $1.86M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,915,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,400,000
      Change: +25% Conversion: Difficult
      MEDICAL BUILDING
      $2,120,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $1,990,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.6422
    Latitude
    33.5983
    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
    $56,813
    $479,000
    $532,140
    $1,011,140
    -
    $2,293,100
    $2,547,500
    $4,840,600

    Comparable in this City

    • Value Estimation
      $2,375,000
      15,926 SF

      5015 Brookes Xing Blvd

      VEHICLE SALES, RENTALS • 15,926 SF
      5015 Brookes Xing Blvd, Birmingham, AL 35235
      View Details
    • Value Estimation by Request
      2,583 SF

      2259 Brewster Rd

      VEHICLE SALES, RENTALS • 2,583 SF
      2259 Brewster Rd, Birmingham, AL 35235-2001
      View Details
    • Value Estimation
      $2,045,000
      20,534 SF

      300 Gadsden Hwy

      VEHICLE SALES, RENTALS • 20,534 SF
      300 Gadsden Hwy, Birmingham, AL 35235-1008
      View Details
    • Value Estimation
      $1,800,000
      11,656 SF

      1837 Edwards Lk Rd

      VEHICLE SALES, RENTALS • 11,656 SF
      1837 Edwards Lk Rd, Birmingham, AL 35235-2762
      View Details
    • Value Estimation by Request
      5,281 SF

      1017 Gadsden Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,281 SF
      1017 Gadsden Hwy, Birmingham, AL 35235-3113
      View Details
    • Value Estimation by Request
      36,330 SF

      1483 Gadsden Hwy

      Restaurants • 36,330 SF
      1483 Gadsden Hwy, Birmingham, AL 35235
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Trussville Retail Opportunity For Sale

      Prime retail location with drive-thru and ample parking.
      5905 Trussville Crossings Blvd, Trussville, AL 35235
      View Details
    • Contact for pricing

      Office Space in Birmingham, AL

      Office suite featuring reception area, executive office, and flexible space.
      3644 Vann Rd, Birmingham, AL 35235
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    • Contact for pricing
      0.35 Acres

      Residential Lot in Birmingham

      0.35-acre lot in a peaceful Birmingham neighborhood.
      1863 Sweetbriar Ln, Birmingham, AL 35235
      View Details
    • $395,000
      0.97 Acres

      Commercial Land in Birmingham, AL

      Commercial land available in Birmingham, suitable for various professional uses.
      3745 Mary Taylor Rd, Birmingham, AL 35235
      View Details
    • $550,000
      2,829 SF

      Prime Trussville Office Building

      Vacant 2,829 SF Office - $550K
      2033 Gadsden Hwy, Birmingham, AL 35235
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    • Contact for pricing

      Office Space in Birmingham, AL

      Office suite featuring reception, kitchen, four offices, and file room.
      4648 Vann Rd, Birmingham, AL 35235
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad Site in Trussville

      Ground lease opportunity in Trussville, Alabama near major retailers.
      5900 Chalkville Mountain Rd, Birmingham, AL 35235
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      Retail Space on Highway 11

      Highly visible retail space with convenient highway access and parking.
      1430 Gadsden Hwy, Trussville, AL 35235
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    • Contact for pricing

      Retail Space in Trussville

      Retail space in a high-traffic shopping center.
      2050 Gadsden Hwy, Birmingham, AL 35235
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    • Contact for pricing

      Retail Space in Trussville, AL

      Retail space available in a shopping center with strong anchors.
      2000 Gadsden Hwy, Birmingham, AL 35235
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    • Contact for pricing
      1,970 SF

      Retail Space in Growing Suburb

      Retail space in Trussville Crossings near major anchors.
      5886-5890 Trussville Crossings Pkwy, Birmingham, AL 35235
      View Details
    • Contact for pricing
      6,000 SF

      Gadsden Hwy Retail Space For Lease

      Prime Birmingham Retail Opportunity: 6,000 sq ft.
      1830 Gadsden Hwy, Birmingham, AL 35235
      View Details
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    1503 Gadsden Hwy
    Birmingham, AL 35235-3101
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    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
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