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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
2407 1st S Ave Irondale, AL 35210-1539
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0919433
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
5,856 SF
Lot
0.82 ac (35,719 SF)
Zoning code
I1
APN
23-00-24-1-007-007.000
UPID
US03-0919433
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
$505k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$630k
Owner & transaction history
Rush Properties LLC
Rush Properties LLC
since 2025
Last sale
$670,000
3 recorded transactions
Zoning & alternative use
I1 · Irondale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+145.0%
Office building
$980,000
+130.2%
Commercial (general)
$955,000
+124.4%
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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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%
$545,000
6.5%
$505,000
7%
$465,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$425,000
Current use
MEDICAL BUILDING
$1,040,000
Change: +145% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +130% · Conversion: Difficult
COMMERCIAL (GENERAL)
$955,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$945,000
Change: +122% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $670k (May 14 2025)
Last sale anchor
$670k
May 14 2025
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
$108 / 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
$6,379
Tax year 2022
Assessed value
$151,340
Assessed 2023
Previous assessed
$112,700
+34.3% YoY
Effective rate
4.22%
On assessed value
Assessed land
$26,621
Assessed improvement
$124,719
Land market value
$128,600
Improvement market value
$602,500
Total market value
$731,100
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
NONE
Stories
1
Total area
5,856 SF
Lot
0.82 ac (35,719 SF)
Zoning code
I1
APN
23-00-24-1-007-007.000
UPID
US03-0919433
Jurisdiction
JEFFERSON
Zoning & alternative use
I1 · Irondale, AL
Zoning I1 · permitted uses
I1 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$425,000
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$945,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1992
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Rush Properties LLC
Entity
Mailing address
2711 N HASKELL AVE STE #3400, DALLAS, TX 75204-2928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
$670,000
Rush Properties LLC
Dfa Dairy Brands Ice Cream LLC
Warranty Deed
$460,500 · Cadence Bank
Aug 14, 2025
—
Greater Birmingham Habitat For Huma
Dfa Dairy Brands Ice Cream LLC
Special Warranty Deed
$368,400 · Cadence Bank
May 4, 2020
$116,500
Dean Dairy Ice Cream LLC
Dean Dairy Holdings LLC
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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