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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1540 Cooper Hl Rd Irondale, AL 35210-2398
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0721843
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Total area
5,004 SF
Lot
2.38 ac (103,586 SF)
Zoning code
CR5
APN
23-00-26-2-000-005.000
UPID
US03-0721843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mimg Ccxlii Cooper Hill Sub LLC · 1 yrs held
Mimg Ccxlii Cooper Hill Sub LLC
since 2024
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
CR5 · Irondale, 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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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
—
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
$38,202
Tax year 2022
Assessed value
$696,020
Assessed 2023
Previous assessed
$456,140
+52.6% YoY
Effective rate
5.49%
On assessed value
Assessed land
$88,060
Assessed improvement
$607,960
Land market value
$440,300
Improvement market value
$3,039,800
Total market value
$3,480,100
Applied tax rate
38.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Stories
3
Rooms
6
Bathrooms
17
Total area
5,004 SF
Lot
2.38 ac (103,586 SF)
Zoning code
CR5
APN
23-00-26-2-000-005.000
UPID
US03-0721843
Jurisdiction
JEFFERSON
Zoning & alternative use
CR5 · Irondale, AL
Zoning CR5 · permitted uses
CR5 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
6
Bathrooms
17
Lot
2.38 ac
Current owner
From public records · entity-resolved
Mimg Ccxlii Cooper Hill Sub LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2120 16TH AVE S, BIRMINGHAM, AL 35205-5000
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$4,625,000
Mimg Ccxlii Cooper Hill Sub LLC
Og Mountain Villas LLC
Warranty Deed
—
Mar 27, 2020
—
Federal Home Loan Mtg Corp
—
Deed
related
—
Dec 27, 2019
—
Panther Creek Capital LLC
—
Grant Deed
related
$12,290,000 · Hunt Mtg Ptrs LLC
Dec 1, 2017
$2,600,000
Og Mountain Villas LLC
Manchester Partners LLC
Warranty Deed
$2,000,000 · Bancorpsouth
Jun 3, 2016
$1,720,000
Manchester Partners LLC
Mountain Villa LLC
Warranty Deed
$1,755,660 · Oakworth Capital Bank
Feb 21, 2006
—
Mountain Villa LLC
Domit,milton J
Warranty Deed
related
—
—
—
Federal Home Loan Mtg Corp
—
Deed Of Trust
related
—
—
—
Manchester Partners LLC
—
Deed Of Trust
related
$1,960,000 · Bancorpsouth
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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