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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office Spaces
2164 11th S Ave Birmingham, AL 35205-2825
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0392116
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1945
Total area
416 SF
Lot
0.21 ac (8,938 SF)
Zoning code
B1
APN
28-00-06-2-019-001.000
UPID
US03-0392116
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
-
JTI Electrical & Instrumentation LLC Electrical Service General Contractor
-
Graycorp Logistics Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Post Properties LLC · 5 yrs held
Post Properties LLC
since 2021
Last sale
$675,000
3 recorded transactions
Zoning & alternative use
B1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$780,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $675k (May 17 2021)
Last sale anchor
$675k
May 17 2021
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
$1,695 / 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
$4,817
Tax year 2022
Assessed value
$95,780
Assessed 2023
Previous assessed
$66,440
+44.2% YoY
Effective rate
5.03%
On assessed value
Assessed land
$46,480
Assessed improvement
$49,300
Land market value
$232,400
Improvement market value
$246,500
Total market value
$478,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1945
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
416 SF
Lot
0.21 ac (8,938 SF)
Zoning code
B1
APN
28-00-06-2-019-001.000
UPID
US03-0392116
Jurisdiction
JEFFERSON
Zoning & alternative use
B1 · Birmingham, AL
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Post Properties LLC
Entity
Mailing address
417 EDGEWOOD BLVD, HOMEWOOD, AL 35209-5341
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$675,000
Post Properties LLC
M5 Investments LLC
Warranty Deed
$358,500 · Renasant Bank
Oct 28, 2020
$730,000
M5 Investments LLC
Lookout Mtn Land & Mineral LLC
Quit Claim Deed
$634,950 · Commerceone Bk
—
—
Lookout Mtn Land & Mineral LLC
—
Deed Of Trust
related
$340,000 · Skinner T Julian III Tr (pt)
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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