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    2320 1st NE St Center Point, AL 35215-3601
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    Property profile & analytics

    2320 1st NE St, Center Point, AL 35215-3601

    View on Map
    • Investment properties
    • 8,404 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US03-0939818
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2320 1st NE St

    Year built
    1986
    Lot size
    0.53 lot acres
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-00-18-2-001-004.001
    APU
    1200182001004001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 12, 2019 $1,000 Roy L Henry Vishal 1 LLC Quit Claim Deed · related —
    Jun 12, 2019 $250,000 Vishal 1 LLC Henry,roy L Warranty Deed —
    Jul 22, 2011 — Bancorpsouth Bk Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $878,000
      Market price range: $409k - $1.63M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $485,000
      Current use
      RETAIL STORES
      $1,030,000
      Change: +112% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Center Point
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.683
    Latitude
    33.6475
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,034
    $25,300
    $41,240
    $66,540
    -
    $126,500
    $206,200
    $332,700

    Comparable in this City

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      4,364 SF

      1197 Ctr Pt Pkwy

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      5179 Pinson Vly Pkwy

      OFFICE/RESIDENTIAL (MIXED USE)
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      $1,675,000
      13,659 SF

      2201 Sweeney Holw Rd

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    • Value Estimation by Request
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      1495 Ctr Pt Pkwy

      OFFICE/RESIDENTIAL (MIXED USE)
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    • Value Estimation by Request
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      OFFICE/RESIDENTIAL (MIXED USE)
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    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Center Point

      Mixed-use property with C1 zoning, ideal for retail/office.
      1812 NE 1St Pl, Center Point, AL 35215
      View Details
    • $100,000
      0.18 Acres

      Mixed-Use Property in Center Point

      Mixed-use property with C1 zoning, ideal for retail/office.
      1812 NE 1St Pl, Center Point, AL 35215
      View Details
    • $365,000
      0.41 Acres

      Birmingham Commercial Space - Prime Location

      Flexible Layout, Two Roll-Up Doors, Freezer Rooms
      1545 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • $49,900
      5.00 Acres

      Undeveloped Land Near Downtown Birmingham

      5-acre undeveloped land parcel minutes from downtown Birmingham, Alabama.
      2520 Sweeney Hollow Rd, Birmingham, AL 35215
      View Details
    • Contact for pricing
      Pending

      Church and Office Buildings For Sale

      Two buildings with vacant lot, suitable for religious purposes.
      1137 Five Mile Rd, Birmingham, AL 35215
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    • Contact for pricing

      Undeveloped Land Near Birmingham

      Undeveloped land minutes from downtown Birmingham, Alabama.
      2520 Sweeney Hollow Rd, Birmingham, AL 35215
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr

      Pinson Valley Warehouse & Manufacturing

      Freestanding warehouse and manufacturing facility with potential CSX rail access.
      124 Carson Rd N, Birmingham, AL 35215
      View Details
    • Contact for pricing

      Storefront Space on the Parkway

      Storefront space with easy access and great visibility.
      1719 Center Point Pkwy, Center Point, AL 35215
      View Details
    • $9 SF/Yr
      13,905 SF

      Center Point Parkway Retail Space

      Former Walgreens, Drive-Thru, High Visibility
      2301 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • Contact for pricing

      Renovated Office Building For Rent

      Recently renovated office building in North Shelby County available for rent.
      100 Concourse Pkwy, Birmingham, AL 35215
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    • Contact for pricing

      Office Space with Parkway Access

      Office property with great visibility and access to major routes.
      9433 Parkway E, Birmingham, AL 35215
      View Details
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    2320 1st NE St
    Center Point, AL 35215-3601
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2320 1st NE St, Center Point, AL, 35215
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