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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Garden apartment buildings
2217 Grn Spgs S Hwy Birmingham, AL 35205-6847
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-0712698
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Total area
15,656 SF
Lot
2.44 ac (106,112 SF)
Zoning code
R6
APN
29-00-11-3-007-003.000
UPID
US03-0712698
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
$1.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Vestawood Apartments LLC · 9 yrs held
Vestawood Apartments LLC
since 2017
7 recorded transactions
Zoning & alternative use
R6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,735,000
7%
$1,615,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,785,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$2,620,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$109 / 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
$41,695
Tax year 2022
Assessed value
$559,760
Assessed 2023
Previous assessed
$575,100
-2.7% YoY
Effective rate
7.45%
On assessed value
Assessed land
$68,980
Assessed improvement
$490,780
Land market value
$344,900
Improvement market value
$2,453,900
Total market value
$2,798,800
Applied tax rate
36.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
18
Bathrooms
8
Total area
15,656 SF
Lot
2.44 ac (106,112 SF)
Zoning code
R6
APN
29-00-11-3-007-003.000
UPID
US03-0712698
Jurisdiction
JEFFERSON
Zoning & alternative use
R6 · Birmingham, AL
Zoning R6 · permitted uses
R6 · 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
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
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
1967
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
18
Bathrooms
8
Lot
2.44 ac
Current owner
From public records · entity-resolved
Vestawood Apartments LLC
Entity
Mailing address
3800 OLD LEEDS RD, MOUNTAIN BRK, AL 35213-3920
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Vestawood Apartments LLC
—
Grant Deed
related
$4,084,000 · Commerceone Bk
May 30, 2017
$1,150,000
Vestawood Apartments LLC
New Lexington Properties LLC
Warranty Deed
$1,400,000 · Bancorpsouth
Mar 20, 2008
—
New Lexington Properties LLC
Owner Name Unavailable
Grant Deed
related
—
Jun 6, 2006
$1,647,535
Greensprings Village LLC
Lobo Properties LLC
Warranty Deed
$1,275,000 · Citizens Nat'l Bk/mcconnelsvle
Jun 6, 2006
$183,000
Capital A Investments LLP
Ahrens,christian P & Alma T
Warranty Deed
related
—
Jul 31, 1996
$920,000
J Diamond Michael
Michael,j Diamon
Grant Deed
related
—
Jul 1, 1996
$920,000
New Owner
Michael,j Diamon
Grant Deed
related
—
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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