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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Garden apartment buildings
2300 21st N Ave Birmingham, AL 35234-1788
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0526770
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Total area
5,536 SF
Lot
0.48 ac (21,000 SF)
Zoning code
CR5
APN
22-00-23-4-014-006.000
UPID
US03-0526770
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Gep Uptown Square LLC · 5 yrs held
Gep Uptown Square LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CR5 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+35.6%
Neighborhood: shopping center
$1.5M
+34.1%
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
$1,185,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Current use
RESTAURANT
$1,515,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,495,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$985,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$925,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.19M (Nov 21 2024)
Last sale anchor
$1.19M
Nov 21 2024
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
$214 / 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
$5,036
Tax year 2022
Assessed value
$84,920
Assessed 2023
Previous assessed
$69,460
+22.3% YoY
Effective rate
5.93%
On assessed value
Assessed land
$29,400
Assessed improvement
$55,520
Land market value
$147,000
Improvement market value
$277,600
Total market value
$424,600
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1965
Heating
GRAVITY
Stories
2
Rooms
8
Bathrooms
2
Total area
5,536 SF
Lot
0.48 ac (21,000 SF)
Zoning code
CR5
APN
22-00-23-4-014-006.000
UPID
US03-0526770
Jurisdiction
JEFFERSON
Zoning & alternative use
CR5 · Birmingham, AL
Zoning CR5 · permitted uses
CR5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$985,000
OFFICE BUILDING
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Heating
GRAVITY
Stories
2
Rooms
8
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gep Uptown Square LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4673 RIVERVIEW DR, HOOVER, AL 35244-3718
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
$225,000
Gep Uptown Square LLC
Djcp Properties LLC
Warranty Deed
—
Dec 12, 2017
$240,000
Djcp Properties LLC
Rio Jo LLC
Warranty Deed
—
Dec 7, 2017
$190,000
Rio Jo LLC
Auctioneer Of Jefferson County|eleets Realty Manag
Trustees Deed
related
—
Jan 23, 2017
$2,603,000
Tuscaloosa,avenue Trust
Eleets Realty Management LLC
Warranty Deed
—
Jul 9, 2014
$550,000
Eleets Realty Management LLC
Bog INC
Warranty Deed
$440,000 · Servisfirst Bk
Apr 18, 2007
—
Bog INC
Goggins,jacqueline
Warranty Deed
related
—
Nov 3, 2006
$175,000
Goggins,jacqueline
Bailey,ward
Warranty Deed
$175,000 · Ward Bailey
Jan 1, 1992
$105,000
Ward Bailey
Unknown
Grant Deed
—
—
—
Eleets Realty Management LLC
—
Deed Of Trust
related
$536,000 · 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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