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Property profile & analytics
OFF-MARKET Estimated value $160,000
Office Spaces

2015 29th N Ave Birmingham, AL 35207

11,386 SF 8.9 ac lot Built 1966
Entity Owned 8-yr Hold Free & Clear
Property ID
US03-0907900
Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1966
Total area 11,386 SF
Lot 8.9 ac (387,684 SF)
Zoning code M2
APN 22-00-23-2-008-001.000
UPID US03-0907900
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
by Request
CAP Approach CAP
$2.04M
Comparable Approach Comparable
$2.89M
Blend (final) Blend
$160k
Owner & transaction history
29north LLC · 8 yrs held
29north LLC
since 2018
2 recorded transactions
2018
$625,000
2010
Price N/A
Zoning & alternative use
M2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 3. M-2, Heavy Industrial District. Subsection 1. Generally. The regulations set forth in this Section or set forth in this Ordinance, when referred to in this Section, are the regulations of the M-2 Heavy Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in t…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 3,860.46 ac
Source Planning/Zoning (MapServer)
Top alternative use upside
Restaurant $3.1M +103.4%
Neighborhood: shopping center $3.1M +101.1%
Apartment house (5+ units) $2.3M +50.0%
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