New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Retail space
1722 28th S Ave Birmingham, AL 35209-1896
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0391479
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1966
Total area
13,860 SF
Lot
0.6 ac (26,100 SF)
Zoning code
C2
APN
28-00-07-3-012-008.000
UPID
US03-0391479
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
-
Luca Lagotto Restaurant
-
Certified Heating & Cooling Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.68M
Owner & transaction history
27th Terrace LLC · 4 yrs held
27th Terrace LLC
since 2021
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
C2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+123.6%
Neighborhood: shopping center
$3.7M
+121.1%
Commercial (general)
$2.9M
+72.7%
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
$2,625,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
$2,260,000
6.5%
$2,085,000
7%
$1,935,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,695,000
Current use
RESTAURANT
$3,790,000
Change: +124% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,745,000
Change: +121% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,930,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,795,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$2,465,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$2,320,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,230,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $2.75M (Sep 9 2021)
Last sale anchor
$2.75M
Sep 9 2021
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
$193 / 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
Assessed value
$781,840
Assessed 2023
Previous assessed
$481,800
+62.3% YoY
Assessed land
$781,840
Land market value
$2,509,100
Total market value
$2,509,100
Applied tax rate
12.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
13,860 SF
Lot
0.6 ac (26,100 SF)
Zoning code
C2
APN
28-00-07-3-012-008.000
UPID
US03-0391479
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Birmingham, AL
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
27th Terrace LLC
Entity
Free & Clear · 4 yrs held
Mailing address
402 OFC PARK DR STE #150, MOUNTAIN BRK, AL 35223-2440
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$2,750,000
27th Terrace LLC
Jpp Properties LLC
Warranty Deed
—
Dec 16, 2009
—
Jpp Properties LLC
Owner Name Unavailable
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1722 28th S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
