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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Investment properties
2121 1st N Ave Birmingham, AL 35203-4201
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0712695
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Total area
13,500 SF
Lot
0.21 ac (9,125 SF)
Zoning code
B4
APN
22-00-36-1-039-003.000
UPID
US03-0712695
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
-
My Advisor, Inc Insurance Agency
-
Rhinoplasty Birmingham AL Physician Medical Clinic
-
Ulch Mulch Landscaping General Contractor
-
Black Design Architecture Architect Architecture Firm
-
Hennecy Architecture Inc Architect Architecture Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.88M
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
Taxbreak Recovery LLC · 3 yrs held
Taxbreak Recovery LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
B4 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+142.4%
Neighborhood: shopping center
$3.7M
+139.6%
Apartment house (5+ units)
$2.7M
+78.7%
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 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
$3,940,000
ML approach
$3,880,000
CAP Approach
CAP Return
Estimation
6%
$2,610,000
6.5%
$2,410,000
7%
$2,240,000
Alternative Use
Use
Estimation
RESTAURANT
$3,690,000
Change: +142% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,650,000
Change: +140% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,720,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$2,405,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$2,255,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $5.00M (Oct 5 2022)
Last sale anchor
$5.00M
Oct 5 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
$271 / 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
$3,471
Tax year 2022
Assessed value
$163,480
Assessed 2023
Previous assessed
$95,740
+70.8% YoY
Effective rate
2.12%
On assessed value
Assessed land
$28,633
Assessed improvement
$134,847
Land market value
$292,000
Improvement market value
$1,375,200
Total market value
$1,667,200
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
13,500 SF
Lot
0.21 ac (9,125 SF)
Zoning code
B4
APN
22-00-36-1-039-003.000
UPID
US03-0712695
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
RESTAURANT
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
0.21 ac
Current owner
From public records · entity-resolved
Taxbreak Recovery LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2127 1ST AVE N, BIRMINGHAM, AL 35203-4201
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
$5,000,000
Taxbreak Recovery LLC
2121 First Avenue LLC
Warranty Deed
—
Sep 12, 2019
—
2121 First Avenue LLC
—
Trustees Deed
related
$1,600,000 · Bancorpsouth
Sep 6, 2019
$2,200,000
2121 First Avenue LLC
Springvest LLC
Warranty Deed
—
Mar 23, 2018
—
Springvest LLC Etal
Jlr LLC
Warranty Deed
—
May 18, 2017
—
Jlr LLC
—
Loan Modification
related
$1,050,000 · Bancorpsouth
Jan 5, 2005
$100
Jlr LLC
Loft 2121 LLC
Warranty Deed
related
$461,412 · Regions Bk/norcross Ga
—
—
Jlr LLC
—
Deed Of Trust
related
$175,000 · Birmingham Regional Economic D
—
—
Jlr LLC
—
Deed Of Trust
related
$112,669 · Compass Bk
—
—
Jlr LLC
—
Deed Of Trust
related
$460,000 · Regions Bk/norcross Ga
—
—
Jlr LLC
—
Deed Of Trust
related
$1,045,500 · Servisfirst Bk
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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