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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Office Spaces
1824 28th S Ave Birmingham, AL 35209-2606
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-0709891
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1955
Total area
2,955 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C4B
APN
28-00-07-3-015-013.000
UPID
US03-0709891
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
-
Creative Benefit Solutions Insurance Agency
-
Mark Johnson - Employee Benefits Insurance Consultant Business Management Consultant
-
Fisher Brown Bottrell Insurance Agency
-
Paul R Lewis & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$975k
Blend (final)
Blend
$1.30M
Owner & transaction history
Dunn Real Estate LLC · 2 yrs held
Dunn Real Estate LLC
since 2024
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
C4B · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning/Zoning (MapServer)
Top alternative use upside
Neighborhood: shopping center
$800,000
+28.0%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Jul 18 2024)
Last sale anchor
$1.30M
Jul 18 2024
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
$440 / 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
$11,166
Tax year 2022
Assessed value
$157,660
Assessed 2023
Previous assessed
$148,880
+5.9% YoY
Effective rate
7.08%
On assessed value
Assessed land
$108,000
Assessed improvement
$49,660
Land market value
$540,000
Improvement market value
$248,300
Total market value
$788,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,955 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C4B
APN
28-00-07-3-015-013.000
UPID
US03-0709891
Jurisdiction
JEFFERSON
Zoning & alternative use
C4B · Birmingham, ALZoning C4B · permitted uses
C4B · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
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
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Dunn Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1824 28TH AVE S, BIRMINGHAM, AL 35209-2606
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$1,300,000
Dunn Real Estate LLC
J5 Property Group LLC
Warranty Deed
—
Sep 1, 2017
$615,000
J5 Property Group LLC
Lewis,paul R & Clara N
Warranty Deed
$590,000 · Bancorpsouth
Aug 1, 1993
$172,500
Paul R Lewis
Houck,lawrence C
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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