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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
1575 Bessemer Rd Birmingham, AL 35208-4020
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0548413
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Total area
4,164 SF
Lot
0.25 ac (11,070 SF)
Zoning code
B2
APN
29-00-07-1-031-002.001
UPID
US03-0548413
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
Current use
Occupant on record · Public records
-
Riggins Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$640k
Owner & transaction history
Riggins Venue LLC · 5 yrs held
Riggins Venue LLC
since 2020
Last sale
$35,000
1 recorded transaction
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$740,000
+213.3%
Office building
$695,000
+194.3%
Auto repair, garage
$670,000
+183.4%
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 Birmingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Birmingham 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$740,000
Change: +213% · Conversion: Easy
OFFICE BUILDING
$695,000
Change: +194% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: +183% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +115% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $35k (Sep 10 2020)
Last sale anchor
$35k
Sep 10 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
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
$771
Tax year 2022
Assessed value
$38,560
Assessed 2023
Previous assessed
$10,640
+262.4% YoY
Effective rate
2.00%
On assessed value
Assessed land
$17,063
Assessed improvement
$21,497
Land market value
$27,700
Improvement market value
$34,900
Total market value
$62,600
Applied tax rate
35.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
3
Total area
4,164 SF
Lot
0.25 ac (11,070 SF)
Zoning code
B2
APN
29-00-07-1-031-002.001
UPID
US03-0548413
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Birmingham, AL
Zoning B2 · permitted uses
B2 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$740,000
OFFICE BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$670,000
RETAIL STORES
Est. value
$510,000
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Riggins Venue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1548 DENNISON AVE SW, BIRMINGHAM, AL 35211-2760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2020
$35,000
Riggins Venue LLC
Gst B J H Exempt Marit Trust
Grant Deed
—
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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