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2001 3Rd Ave Birmingham, AL 35233

OFF-MARKET Other hospitality properties Google Maps
478,000 SF Built 1925
Estimated value
No estimation on file for this property yet.
Property ID US03-0728580

Property summary

AI-generated overview

This property is located adjacent to the University of Alabama at Birmingham (UAB) and across the street from the 20 Midtown mixed-use developments (Midtown I, II, and III). The site contains two connected office/mixed-use buildings: a 16-story structure with a basement and a 10-story structure with a basement and mezzanine. The original 11-story building dates to 1925, with an addition completed in the 1950s; the property also has documented construction periods in 1925, 1953, 1968, and 1972. The site encompasses approximately 478,000 square feet and includes historic architectural/landmark features associated with the original building, including a Lady Liberty bronze replica that was originally placed atop the structure and later moved to the Urban Center at Liberty Park. Due to its historical significance, the property may be eligible for state and federal historic tax credit programs, and it is situated within an Opportunity Zone.

Property profile

Verified
Property type Other hospitality properties
Year built 1925
Total area 478,000 SF
UPID US03-0728580

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency
  • Charitable Organization Social Service Agency

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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