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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Garden apartment buildings
2612 Niazuma S Ave Birmingham, AL 35205-2555
Entity Owned
Property ID
US03-0402708
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Total area
16,264 SF
Lot
1.26 ac (54,842 SF)
Zoning code
R7
APN
28-00-06-1-011-004.000
UPID
US03-0402708
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
-
The Chesterfield Apartments Apartment Complex
-
The Murals on Niazuma Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.53M
Owner & transaction history
Roost Murals LLC
Roost Murals LLC
since 2025
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
R7 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+35.6%
Neighborhood: shopping center
$4.4M
+34.1%
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
$4,005,000
ML approach
$3,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,280,000
Current use
RESTAURANT
$4,445,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,395,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$2,895,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$2,720,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $5.00M (Jan 17 2023)
Last sale anchor
$5.00M
Jan 17 2023
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
$279 / 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
$40,288
Tax year 2022
Assessed value
$655,720
Assessed 2023
Previous assessed
$555,700
+18.0% YoY
Effective rate
6.14%
On assessed value
Assessed land
$296,160
Assessed improvement
$359,560
Land market value
$1,480,800
Improvement market value
$1,797,800
Total market value
$3,278,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1968
Heating
HEAT PUMP
Stories
2
Rooms
22
Bathrooms
3
Total area
16,264 SF
Lot
1.26 ac (54,842 SF)
Zoning code
R7
APN
28-00-06-1-011-004.000
UPID
US03-0402708
Jurisdiction
JEFFERSON
Zoning & alternative use
R7 · Birmingham, AL
Zoning R7 · permitted uses
R7 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.3M
RESTAURANT
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1968
Heating
HEAT PUMP
Stories
2
Rooms
22
Bathrooms
3
Lot
1.26 ac
Current owner
From public records · entity-resolved
Roost Murals LLC
Entity
Mailing address
1678 MONTGOMERY HWY, HOOVER, AL 35216-4914
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$5,675,000
Roost Murals LLC
The Murals LLC
Warranty Deed
—
Jan 17, 2023
$5,000,000
The Murals LLC
Pw Highland Park Partners LLC
Warranty Deed
$4,179,950 · The Murals
Mar 21, 2018
$3,235,000
Pw Highland Park Partners LLC
Manchester Partners LLC
Warranty Deed
$2,805,000 · Insbank
Feb 1, 2016
$195,000
Manchester Partners LLC
Chesterfield LLC
Warranty Deed
—
Feb 20, 2008
$2,100,000
Chesterfield LLC
Owner Name Unavailable
Grant Deed
related
—
Feb 23, 2005
$1,900,000
Euro Chateau Acquisitions LLC
Connor & Walker LLC
Warranty Deed
$1,100,000 · Amsouth Bk
Jun 29, 2004
$2,000,000
Connor & Walker LLC
Callahan,michael A
Warranty Deed
$1,180,000 · First Com'l Bk Ltd
—
—
Chesterfield LLC
—
Deed Of Trust
related
$2,000,000 · Arbor Com'l Fndg
—
—
Manchester Partners LLC
—
Loan Modification
related
$2,805,000 · 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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