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    Property profile & analytics

    1928 1st N Ave Bessemer, AL 35020-5020

    • Investment properties
    • 5,096 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $130,000
    Last Sale
    Dec 13, 2024
    $140,000
    Location Intelligence
    Property ID
    US03-2875154
    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

    • Investment properties

    Property Details for 1928 1st N Ave

    Year built
    1930
    Lot size
    0.06 lot acres
    Property size
    5,096 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    38-00-10-2-020-027.001
    APU
    3800102020027001

    Description

    This exceptional 2,350 square foot building, located at 1928 1st Ave N in Bessemer, Alabama, presents a remarkable redevelopment opportunity. Situated in the heart of the Bessemer Historic District, this Class D property offers a unique blend of historical charm and modern potential. Previously operating as Sam Dunn Saloon, this vacant space is ideally suited for a variety of commercial uses, including retail storefronts, professional offices, or even a medical facility. The asking price is $225,000, translating to $95.74 per square foot. The building boasts a newly installed metal roof (2019) and features pre-framed office spaces, simplifying the renovation process. Its strategic location between Birmingham and Tuscaloosa, with convenient access to I-59/20 and I-459, ensures high visibility and accessibility. Furthermore, its proximity to the Alabama Department of Human Resources and the Jefferson County Courthouse Annex adds to its appeal. This property represents a rare chance to acquire a piece of Bessemer's history and transform it into a thriving commercial space. The building's versatile layout and prime location make it an attractive investment for discerning buyers seeking a unique and profitable venture. Don't miss this chance to own a piece of Bessemer's rich history and shape its future.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $140,000

    • CAP approach

      CAP return
      Estimation
      6%
      $105,000
      6.5%
      $105,000
      7%
      $110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $90,000
      Geo Method
      $105,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $90,000
      Retail
      $85,000
      Mixed-Use
      $90,000
      Hospitality
      $110,000
      Educational
      $100,000
      Residential Income
      $115,000
      Energy
      $85,000
      Income-Based Land
      $100,000
      Food Service
      $90,000

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9509
    Latitude
    33.4025
    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
    $414
    $1,120
    $6,780
    $7,900
    -
    $5,600
    $33,900
    $39,500

    Comparable in this City

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      912 Hall Ave

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      1602 9th N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,126 SF
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      1400 3rd N Ave

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      1930 3rd N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,650 SF
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    • Value Estimation by Request
      3,272 SF

      201 4th N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,272 SF
      201 4th N Ave, Bessemer, AL 35020-6741
      View Details

    Similar Nearby for Sale

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      Land in Bessemer, AL, with seller financing and utilities.
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      One-acre commercial land parcel ideal for development in Bessemer.
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    Bessemer, AL 35020-5020
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    Realmo Value Estimation

    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.

    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.

    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
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