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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Garden apartment buildings
1812 Waterford Pl Birmingham, AL 35244
Individually Owned
36-yr Hold
Absentee Owner
Property ID
US03-1022720
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1991
Total area
10,952 SF
Lot
4.06 ac (176,679 SF)
Zoning code
PR2
APN
39-00-24-2-000-001.007
UPID
US03-1022720
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
$883k
Blend (final)
Blend
$865k
Owner & transaction history
Parkway L Waterford · 36 yrs held
Parkway L Waterford
since 1990
3 recorded transactions
Zoning & alternative use
PR2 · Birmingham, 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 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
Blend value · Realmo final
$865k
Range $779k – $952k · ±10%
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
$79 / 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
$80,869
Tax year 2022
Assessed value
$1,420,720
Assessed 2023
Previous assessed
$1,113,900
+27.5% YoY
Effective rate
5.69%
On assessed value
Assessed land
$317,900
Assessed improvement
$1,102,820
Land market value
$1,589,500
Improvement market value
$5,514,100
Total market value
$7,103,600
Applied tax rate
23.0000
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
1991
Heating
FORCED AIR
Cooling
YES
Stories
3
Rooms
24
Bathrooms
14
Total area
10,952 SF
Lot
4.06 ac (176,679 SF)
Zoning code
PR2
APN
39-00-24-2-000-001.007
UPID
US03-1022720
Jurisdiction
JEFFERSON
Zoning & alternative use
PR2 · Birmingham, AL
Zoning PR2 · permitted uses
PR2 · 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.
Building & site characteristics
From public records
Year built
1991
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
24
Bathrooms
14
Lot
4.06 ac
Current owner
From public records · entity-resolved
Parkway L Waterford
Individual
Mailing address
3715 NORTHSIDE PKWY NW, ATLANTA, GA 30327-2886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Fpa Of Wc Waterford LLC
—
Deed
related
$19,575,000 · Berkadia Com'l Mtg
Apr 1, 1990
$1,300,000
Parkway L Waterford
—
Deed Of Trust
related
—
—
—
Fpa Of Wc Waterford LLC
—
Deed Of Trust
related
$19,575,000 · Berkadia Com'l Mtg
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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