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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office Spaces
2304 12th N Ave Birmingham, AL 35234-3111
Entity Owned
33-yr Hold
Free & Clear
Property ID
US03-0964225
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Total area
7,417 SF
Lot
0.73 ac (32,000 SF)
Zoning code
CO&I
APN
22-00-25-2-023-007.001
UPID
US03-0964225
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
-
Greater Birmingham Ministries Charitable Organization Social Service Agency
-
Premium Parking - P3810 Parking Lot & Garage
-
Greater Birmingham Ministries - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.26M
Owner & transaction history
Greater Bham Ministries INC · 33 yrs held
Greater Bham Ministries INC
since 1992
2 recorded transactions
Zoning & alternative use
CO&I · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning/Zoning (MapServer)
Top alternative use upside
Restaurant
$2.0M
+194.2%
Neighborhood: shopping center
$2.0M
+190.8%
Apartment house (5+ units)
$1.5M
+116.9%
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%
$1,435,000
6.5%
$1,325,000
7%
$1,230,000
Alternative Use
Use
Estimation
RESTAURANT
$2,030,000
Change: +194% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,005,000
Change: +191% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,495,000
Change: +117% · Conversion: Moderate
MEDICAL BUILDING
$1,320,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$1,240,000
Change: +80% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,195,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$905,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$170 / 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
Assessed value
$140,260
Assessed 2023
Previous assessed
$116,380
+20.5% YoY
Assessed land
$54,400
Assessed improvement
$85,860
Land market value
$272,000
Improvement market value
$429,300
Total market value
$701,300
Applied tax rate
31.0000
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
1969
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
7,417 SF
Lot
0.73 ac (32,000 SF)
Zoning code
CO&I
APN
22-00-25-2-023-007.001
UPID
US03-0964225
Jurisdiction
JEFFERSON
Zoning & alternative use
CO&I · Birmingham, ALZoning CO&I · permitted uses
CO&I · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$905,000
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Greater Bham Ministries INC
Entity
Free & Clear · 33 yrs held
Mailing address
2304 12TH AVE N, BIRMINGHAM, AL 35234-3111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 1992
$120,000
Greater Bham Ministries INC
Unknown
Grant Deed
—
—
—
Greater Birmingham Ministries
—
Deed Of Trust
related
$385,777 · Bancorpsouth
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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