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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Hotels
1928 1st N Ave Birmingham, AL 35203-4006
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0683088
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1909
Construction
CONCRETE
Total area
15,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B4
APN
22-00-36-2-017-020.000
UPID
US03-0683088
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
-
Elyton Hotel, Autograph Collection Hotel & Motel
-
Moon Shine at Elyton Hotel Bar & Pub
-
The YARD Birmingham Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$900k
Owner & transaction history
Empire Hospitality LLC · 8 yrs held
Empire Hospitality LLC
since 2018
2 recorded transactions
Zoning & alternative use
B4 · 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
$625,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$60 / 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
$139,631
Tax year 2022
Assessed value
$1,920,520
Assessed 2023
Previous assessed
$3,851,860
-50.1% YoY
Effective rate
7.27%
On assessed value
Assessed land
$15,979
Assessed improvement
$1,904,541
Land market value
$160,000
Improvement market value
$19,069,900
Total market value
$19,229,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1909
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
16
Rooms
11
Bathrooms
1
Total area
15,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B4
APN
22-00-36-2-017-020.000
UPID
US03-0683088
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.
Building & site characteristics
From public records
Year built
1909
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
16
Rooms
11
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Empire Hospitality LLC
Entity
Mailing address
3616 S BOGAN RD STE #201, BUFORD, GA 30519-4310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jan 2, 2018
—
Empire Hospitality LLC
—
Grant Deed
related
$17,500,000 · Bancorpsouth
—
—
Empire Hospitality LLC
—
Deed Of Trust
related
$5,000,000 · Access Pt Fin'l
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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