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    Property profile & analytics

    2348 7th NW Way Birmingham, AL 35215-3160

    • Garden apartment buildings
    • 17,872 SF
    • 7.13 lot acres
    OFF-MARKET
    Value Estimation
    $27,385,000
    Last Sale
    Apr 18, 2022
    $32,500,000
    Location Intelligence
    Property ID
    US03-0471213
    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.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2348 7th NW Way

    Year built
    1974
    Lot size
    7.13 lot acres
    Property size
    17,872 SF
    Zone code
    CR5
    Property type
    Garden apartment buildings
    APN
    13-00-13-2-006-001.000
    APU
    1300132006001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $25,595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $31,530,000
      6.5%
      $32,500,000
      7%
      $35,985,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $28,425,000
      Geo Method
      $32,450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $33,105,000
      Retail
      $35,160,000
      Mixed-Use
      $36,250,000
      Hospitality
      $32,460,000
      Educational
      $28,185,000
      Residential Income
      $30,155,000
      Energy
      $36,600,000
      Income-Based Land
      $28,650,000
      Food Service
      $31,365,000

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7052
    Latitude
    33.649
    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
    $61,613
    $341,820
    $1,249,820
    $1,591,640
    -
    $1,709,100
    $6,249,100
    $7,958,200

    Comparable in this City

    • Value Estimation by Request
      6,420 SF

      108 16th NE Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,420 SF
      108 16th NE Ave, Center Point, AL 35215-5661
      View Details
    • Value Estimation by Request
      4,222 SF

      1000 Villa Rica Ct

      GARDEN APT, COURT APT (5+ UNITS) • 4,222 SF
      1000 Villa Rica Ct, Birmingham, AL 35215-0300
      View Details
    • Value Estimation by Request
      10,740 SF

      Birmingham, AL 35215

      GARDEN APT, COURT APT (5+ UNITS) • 10,740 SF
      Birmingham, AL 35215
      View Details
    • Value Estimation
      $14,545,000
      9,004 SF

      4141 Pinson Vly Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 9,004 SF
      4141 Pinson Vly Pkwy, Birmingham, AL 35215-4141
      View Details
    • Value Estimation
      $355,000
      20,356 SF

      1044 Sunhill NW Rd

      GARDEN APT, COURT APT (5+ UNITS) • 20,356 SF
      1044 Sunhill NW Rd, Center Point, AL 35215-3045
      View Details
    • Value Estimation
      $365,000
      1,748 SF

      100 Vly Ct

      GARDEN APT, COURT APT (5+ UNITS) • 1,748 SF
      100 Vly Ct, Birmingham, AL 35215-1658
      View Details

    Similar Nearby for Sale

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      31.49 acres of land suitable for commercial or residential development.
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    • Contact for pricing
      0.55 Acres

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      0.55 Acres

      Residential Land in Birmingham, AL

      0.55 acre residential land available in Birmingham, Alabama.
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    Similar Nearby for Lease

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    • $3,950 /Mo

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    Birmingham, AL 35215-3160
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    Realmo Value Estimation

    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.

    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.

    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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