Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    260 Vly Ave Birmingham, AL 35209-4802

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    260 Vly Ave Birmingham, AL 35209-4802

    View on Map
    • Strip malls
    • 22,030 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Dec 28, 2023
    $102,600
    Property ID
    US03-0915767
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • THE KIM COLVIN salon textures inc. / Hair Salon / Nail Salon
    • Middleton Adjusting / Financial Advisor
    • Carpet & Flooring USA of Springville / Big Box & Wholesale Store
    • Bessey LLC / Carpet & Flooring Store / Hardware & Home Improvement
    • The Color Box Luxury and Wellness Suites / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 260 Vly Ave

    Year built
    1988
    Lot size
    2.00 lot acres
    Property size
    22,030 SF
    Zone code
    B2/R6
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    29-00-15-4-001-002.004
    APU
    2900154001002004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8332
    Latitude
    33.4682
    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
    $14,387
    $87,120
    $154,220
    $241,340
    -
    $435,600
    $771,100
    $1,206,700

    Comparable in this City

    • Value Estimation
      $3,085,000
      6,164 SF

      2901 18th S St

      SHOPPING CENTER, STRIP CENTER • 6,164 SF
      2901 18th S St, Birmingham, AL 35209-2511
      View Details
    • Value Estimation
      $4,810,000
      24,589 SF

      1919 28th S Ave

      SHOPPING CENTER, STRIP CENTER • 24,589 SF
      1919 28th S Ave, Birmingham, AL 35209-2684
      View Details
    • Value Estimation
      $2,515,000
      29,135 SF

      263 Vly Ave

      SHOPPING CENTER, STRIP CENTER • 29,135 SF
      263 Vly Ave, Birmingham, AL 35209-4817
      View Details
    • Value Estimation
      $3,730,000
      41,652 SF

      405 Vly Ave

      SHOPPING CENTER, STRIP CENTER • 41,652 SF
      405 Vly Ave, Birmingham, AL 35209-3805
      View Details
    • Value Estimation by Request
      10,136 SF

      223 Grn Spgs Hwy

      SHOPPING CENTER, STRIP CENTER • 10,136 SF
      223 Grn Spgs Hwy, Birmingham, AL 35209-4905
      View Details
    • Value Estimation
      $8,145,000
      109,265 SF

      400 Vly Ave

      SHOPPING CENTER, STRIP CENTER • 109,265 SF
      400 Vly Ave, Birmingham, AL 35209-3806
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Homewood Retail Portfolio For Sale

      Fully leased retail portfolio in downtown Homewood's iconic retail corridor.
      2916 18Th St South, Homewood, AL 35209
      View Details
    • $1,800,000

      Premium Downtown Homewood Location

      Iconic downtown Homewood location with large street presence.
      2730 18Th St S, Homewood, AL 35209
      View Details
    • $1,100,000
      3,316 SF

      Renovated Retail/Office Space with Storage

      Renovated retail/office space with large storage and parking.
      194 Green Springs Hwy, Birmingham, AL 35209
      View Details
    • Contact for pricing
      10,824 SF

      Midtown Office/Medical Building For Sale

      Two-story, 10,824 SF office/medical building in the Midtown market.
      3512 Old Montgomery Hwy, Birmingham, AL 35209
      View Details
    • Contact for pricing
      30,000 SF

      Updated Office Building For Sale

      Recently updated office building with easy access to I-65.
      301 Beacon Pkwy W, Birmingham, AL 35209
      View Details
    • Contact for pricing
      47,100 SF

      Birmingham Warehouse/Distribution Investment Opportunity

      Prime industrial location near transportation and Birmingham attractions.
      108 Walter Davis Dr, Birmingham, AL 35209
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Homewood, Alabama

      Retail spaces available in busy Green Springs corridor.
      100 Green Springs Hwy, Homewood, AL 35209
      View Details
    • Contact for pricing

      231 State Farm Pkwy, Homewood, AL 35209

      Strip malls
      231 State Farm Pkwy, Homewood, AL 35209
      View Details
    • Contact for pricing

      Retail Space in West Valley

      Retail space for lease in a busy commercial corridor.
      191 West Valley Ave, Birmingham, AL 35209
      View Details
    • Contact for pricing

      Downtown West Homewood Retail Space

      Retail space in a rapidly growing Birmingham community.
      169 Oxmoor Rd, Birmingham, AL 35209
      View Details
    • $25 SF/Yr

      Renovated Retail/Office Space Available

      Renovated space in growing community, suitable for retail/office.
      169 Oxmoor Rd, Birmingham, AL 35209
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space Near Lowe's

      Up to 3,900 SF available in high-traffic retail corridor.
      350 State Farm Pkwy, Birmingham, AL 35209
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    260 Vly Ave
    Birmingham, AL 35209-4802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!