Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1608 10th N Ave Birmingham, AL 35203-1010

    • Warehouses
    • 14,540 SF
    • 2.71 lot acres
    OFF-MARKET
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0629861
    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.

    Current Use by Public Records

    • U.S.Foods / Big Box & Wholesale Store / Food Market
    • US Foods | Stock Yards / Butcher / Big Box & Wholesale Store

    Property Details for 1608 10th N Ave

    Year built
    1995
    Lot size
    2.71 lot acres
    Property size
    14,540 SF
    Zone code
    CM1
    Property type
    Warehouses
    APN
    22-00-26-4-017-015.000
    APU
    2200264017015000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,355,000
      6.5%
      $1,250,000
      7%
      $1,160,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $925,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8178
    Latitude
    33.5225
    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
    $68,088
    $319,940
    $654,120
    $974,060
    -
    $1,599,700
    $3,270,600
    $4,870,300

    Comparable in this City

    • Value Estimation by Request
      4,018 SF

      2317 Morris Ave

      WAREHOUSE, STORAGE • 4,018 SF
      2317 Morris Ave, Birmingham, AL 35203
      View Details
    • Value Estimation
      $3,015,000
      40,155 SF

      900 17th N St

      MINI-WAREHOUSE, STORAGE • 40,155 SF
      900 17th N St, Birmingham, AL 35203-1024
      View Details
    • Value Estimation
      $1,260,000
      54,405 SF

      607 31st N St

      WAREHOUSE, STORAGE • 54,405 SF
      607 31st N St, Birmingham, AL 35203-2930
      View Details
    • Value Estimation
      $1,430,000
      22,935 SF

      790 1st N Ave

      WAREHOUSE, STORAGE • 22,935 SF
      790 1st N Ave, Birmingham, AL 35203
      View Details
    • Value Estimation
      $560,000
      14,138 SF

      701 1st N Ave

      WAREHOUSE, STORAGE • 14,138 SF
      701 1st N Ave, Birmingham, AL 35203
      View Details
    • Value Estimation
      $1,655,000
      25,851 SF

      1716 2nd N Ave

      WAREHOUSE, STORAGE • 25,851 SF
      1716 2nd N Ave, Birmingham, AL 35203-2012
      View Details

    Similar Nearby for Sale

    • $1,225,000
      22,995 SF

      Birmingham Flex Warehouse For Sale

      Prime location, 22,995 SF, vacant.
      1318 1St Ave, Birmingham, AL 35203
      View Details
    • $550,000
      13,000 SF

      Prime Birmingham Warehouse - $550K

      13,000 SF Warehouse, 100% Occupied
      704 2Nd Ave, Birmingham, AL 35203
      View Details
    • $200,000
      2,150 SF

      Mixed-Use Commercial Condo Opportunity

      Commercial condo with flexible space in a prime location.
      2025 1St Ave, Birmingham, AL 35203
      View Details
    • $1,300,000

      Commercial Land on Reverend Abraham

      Prime commercial land available on Reverend Abraham Woods Jr Blvd.
      1108 Reverend Abraham Woods Jr Blvd, Birmingham, AL 35203
      View Details
    • $1,200,000

      Historic Office Building in Downtown

      Office building with exposed brick and original wooden floors.
      2119 3Rd Ave N, Birmingham, AL 35203
      View Details
    • $975,000

      Downtown Birmingham Office Condo For Sale

      4,900 SF office condo in the heart of Birmingham.
      300 20Th St North, Birmingham, AL 35203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Warehouse Space Available

      Office warehouse space with convenient access to Birmingham's landmarks.
      811 5Th Ave North, Birmingham, AL 35203
      View Details
    • $6 SF/Yr
      12,000 SF

      401 7Th St

      Distribution centers • 12,000 SF
      401 7Th St, Birmingham, AL 35203
      View Details
    • Contact for pricing
      125,000 SF

      Prime Birmingham Office/Warehouse

      125,000 SF, Flexible Spaces Available
      811 5Th Ave, Birmingham, AL 35203
      View Details
    • $18 SF/Yr

      Office Building Near BJCC

      Office building with convenient access and walkable amenities.
      950 22Nd St N, Birmingham, AL 35203
      View Details
    • $19 SF/Yr

      Birmingham Central Business District Office

      Office space available in Birmingham's Central Business District.
      417 20Th St N, Birmingham, AL 35203
      View Details
    • $25 SF/Yr
      40,000 SF

      Prime Birmingham Retail Space

      Multiple Storefronts Available in Historic District
      2212 1St Ave, Birmingham, AL 35203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1608 10th N Ave
    Birmingham, AL 35203-1010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!