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Property profile & analytics
OFF-MARKET
Estimated value
$7,665,000
Investment properties
1930 4th NE St Birmingham, AL 35215
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0367584
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Total area
50,500 SF
Lot
0.56 ac (24,481 SF)
Zoning code
B4
APN
22-00-36-2-020-013.000
UPID
US03-0367584
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
$6.08M
CAP Approach
CAP
$9.02M
Comparable Approach
Comparable
$9.28M
Blend (final)
Blend
$7.67M
Owner & transaction history
Bretwood LLC · 3 yrs held
Bretwood LLC
since 2022
Last sale
$7.8M
2 recorded transactions
Zoning & alternative use
B4 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.2M
+250.0%
Medical building
$9.0M
+209.0%
Office building
$8.4M
+190.3%
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
$6,105,000
ML approach
$6,080,000
CAP Approach
CAP Return
Estimation
6%
$9,770,000
6.5%
$9,020,000
7%
$8,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,180,000
Change: +250% · Conversion: Moderate
MEDICAL BUILDING
$8,990,000
Change: +209% · Conversion: Easy
OFFICE BUILDING
$8,445,000
Change: +190% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,130,000
Change: +180% · Conversion: Difficult
RETAIL STORES
$6,175,000
Change: +112% · Conversion: Easy
Blend value · Realmo final
$7.67M
Range $6.90M – $8.43M · ±10% · vs last sale $7.75M (Oct 3 2022)
Last sale anchor
$7.75M
Oct 3 2022
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
$152 / 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
$23,925
Tax year 2022
Assessed value
$702,380
Assessed 2023
Previous assessed
$659,980
+6.4% YoY
Effective rate
3.41%
On assessed value
Assessed land
$102,821
Assessed improvement
$599,559
Land market value
$1,028,200
Improvement market value
$5,995,500
Total market value
$7,023,700
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
1924
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
50,500 SF
Lot
0.56 ac (24,481 SF)
Zoning code
B4
APN
22-00-36-2-020-013.000
UPID
US03-0367584
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1924
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Bretwood LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2015 2ND AVE N STE #400, BIRMINGHAM, AL 35203-3717
Ownership since
2022
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
Oct 3, 2022
$7,750,000
Bretwood LLC
Clark Building LLC
Warranty Deed
—
Aug 17, 2018
—
Clark Building LLC
—
Grant Deed
related
$2,700,000 · National Bk/commerce
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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