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Property profile & analytics
OFF-MARKET
Estimated value
$5,980,000
Investment properties
1900 3rd S Ave Birmingham, AL 35233
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0955684
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Total area
39,095 SF
Lot
1.29 ac (56,018 SF)
Zoning code
B4
APN
22-00-36-4-033-003.000
UPID
US03-0955684
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
-
Birmingham Erectile Dysfunction Doctor Physician
-
Self Storage Storage Facility
-
Emily Wong, MD Medical Clinic
-
Rachael Lee, MD Physician
-
Katherine Holman, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.99M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$5.98M
Owner & transaction history
Firestone Flowers LLC · 12 yrs held
Firestone Flowers LLC
since 2014
3 recorded transactions
Zoning & alternative use
B4 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.9M
+0.2%
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%
$7,565,000
6.5%
$6,985,000
7%
$6,485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,865,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,880,000
Change: +0% · Conversion: Moderate
MEDICAL BUILDING
$6,960,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$6,535,000
Change: -17% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,295,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.98M
Range $5.38M – $6.58M · ±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
$153 / 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
$304,590
Tax year 2022
Assessed value
$4,147,260
Assessed 2023
Previous assessed
$4,201,240
-1.3% YoY
Effective rate
7.34%
On assessed value
Assessed land
$582,400
Assessed improvement
$3,564,860
Land market value
$2,912,000
Improvement market value
$17,824,300
Total market value
$20,736,300
Applied tax rate
30.0000
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
2017
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
39,095 SF
Lot
1.29 ac (56,018 SF)
Zoning code
B4
APN
22-00-36-4-033-003.000
UPID
US03-0955684
Jurisdiction
JEFFERSON
Zoning & alternative use
B4 · Birmingham, AL
Zoning B4 · permitted uses
B4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.3M
COMMERCIAL (GENERAL) Current
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Firestone Flowers LLC
Entity
Free & Clear · 12 yrs held
Mailing address
304 20TH ST S, BIRMINGHAM, AL 35233-2091
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Feb 15, 2018
—
Firestone Flowers Jv LLC
—
Grant Deed
related
$30,190,800 · Other Institutional Lenders
Jun 18, 2014
$25,000
Firestone Flowers LLC
City Of Birmingham
Warranty Deed
—
Apr 10, 2002
$383,240
City Of Birmingham
Wood,robert E
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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