Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Manufacturing properties
2101 18th N Ave Bessemer, AL 35020-3231
Individually Owned
8-yr Hold
Free & Clear
Property ID
US03-0720727
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1930
Total area
65,957 SF
Lot
21 ac (914,760 SF)
Zoning code
I3
APN
38-00-04-2-016-002.000
UPID
US03-0720727
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
-
US Pipe & Foundry Mini Mill Factory Industrial Manufacturer
-
U.S. Pipe Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$4.23M
Owner & transaction history
Pipe Portfolio Owner Multi L · 8 yrs held
Pipe Portfolio Owner Multi L
since 2018
6 recorded transactions
Zoning & alternative use
I3 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+168.3%
Commercial (general)
$3.6M
+52.7%
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 Bessemer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bessemer 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,330,000
Change: +168% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,605,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±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
$64 / 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
$63,777
Tax year 2022
Assessed value
$1,259,360
Assessed 2023
Previous assessed
$928,340
+35.7% YoY
Effective rate
5.06%
On assessed value
Assessed land
$69,300
Assessed improvement
$1,190,060
Land market value
$346,500
Improvement market value
$5,950,300
Total market value
$6,296,800
Applied tax rate
52.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1930
Heating
NONE
Cooling
NONE
Stories
1
Total area
65,957 SF
Lot
21 ac (914,760 SF)
Zoning code
I3
APN
38-00-04-2-016-002.000
UPID
US03-0720727
Jurisdiction
JEFFERSON
Zoning & alternative use
I3 · Bessemer, AL
Zoning I3 · permitted uses
I3 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bessemer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
COMMERCIAL (GENERAL)
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
1930
Heating
NONE
Cooling
Yes
Stories
1
Lot
21 ac
Current owner
From public records · entity-resolved
Pipe Portfolio Owner Multi L
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 80615, INDIANAPOLIS, IN 46280-0615
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
$19,738,000
Pipe Portfolio Owner Multi L
Fort-ben Holdings Onqc Ltd
Warranty Deed
—
Aug 15, 2017
—
Us Pipe & Foundry Co LLC
—
Loan Modification
related
$38,785,216 · Credit Suisse Ag Cayman Iss Br
Mar 1, 2017
—
Us Pipe & Foundry Co LLC
—
Grant Deed
related
$38,785,216 · Credit Suisse Ag Cayman Iss Br
—
—
Us Pipe & Foundry Co LLC
—
Loan Modification
related
$150,000,000 · Sjc Dlf II-b LLC
—
—
Us Pipe & Foundry Co LLC
—
Loan Modification
related
$120,000,000 · Wells Fargo Cap Fin
—
—
Us Pipe & Foundry Co LLC
—
Loan Modification
related
$146,919,908 · Wells Fargo Cap Fin
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2101 18th N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
