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    2618 29th N Ave Birmingham, AL 35207
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    2618 29th N Ave Birmingham, AL 35207

    View on Map
    • Investment properties
    • 7,000 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US03-0489962
    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
    $1,585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2618 29th N Ave

    Year built
    1918
    Lot size
    0.16 lot acres
    Property size
    7,000 SF
    Zone code
    B3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    22-00-14-4-027-008.000
    APU
    2200144027008000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,355,000
      6.5%
      $1,250,000
      7%
      $1,160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,777,000
      Market price range: $365k - $1.78M
      AI Estimate
      $1,727,000
      Market price range: $1.03M - $1.73M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,915,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,890,000
      APARTMENT HOUSE (5+ UNITS)
      $1,410,000
      MEDICAL BUILDING
      $1,245,000
      OFFICE BUILDING
      $1,170,000
      AUTO REPAIR, GARAGE
      $1,125,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8169
    Latitude
    33.5513
    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
    $680
    $1,260
    $11,240
    $12,500
    -
    $6,300
    $56,200
    $62,500

    Comparable in this City

    • Value Estimation by Request
      1,405 SF

      2604 29th N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,405 SF
      2604 29th N Ave, Birmingham, AL 35207-4646
      View Details
    • Value Estimation by Request
      2,200 SF

      3114 27th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      3114 27th N St, Birmingham, AL 35207-4552
      View Details
    • Value Estimation by Request
      1,145 SF

      3000 28th N Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 1,145 SF
      3000 28th N Pl, Birmingham, AL 35207-4530
      View Details
    • Value Estimation by Request
      1,024 SF

      3420 4th W St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,024 SF
      3420 4th W St, Birmingham, AL 35207-3156
      View Details
    • Value Estimation
      $565,000
      2,488 SF

      4901 Decatur Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,488 SF
      4901 Decatur Hwy, Birmingham, AL 35207
      View Details
    • Value Estimation
      $1,585,000
      7,000 SF

      3427 27th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,000 SF
      3427 27th N St, Birmingham, AL 35207-2809
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Land in Birmingham, Alabama

      One-acre lot suitable for multi-family investment or single-family home.
      301 35Th Ave, Birmingham, AL 35207
      View Details
    • $30,000
      0.16 Acres

      Residential Lot in Birmingham, AL

      Residential lot in a charming neighborhood, build your dream home!
      2727 33Rd Ave, Birmingham, AL 35207
      View Details
    • Contact for pricing

      BIRMINGHAM Warehouse Ideal for Services

      Warehouse suitable for service companies with easy freeway access.
      2824 26Th St, Birmingham, AL 35207
      View Details
    • Contact for pricing
      1,250 SF

      Warehouse Ideal for Service Companies

      Warehouse suitable for service companies with easy freeway access.
      2824 26Th St N, Birmingham, AL 35207
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale at CenterState Drive and Daniel Payne Drive.
      Cor Of Centerstate Dr And Daniel Payne Dr, Birmingham, AL 35207
      View Details
    • Contact for pricing
      Pending

      Versatile Corner Lot Building

      Building on a large corner lot with multiple potential uses.
      2601 N 33Rd Ave, Birmingham, AL 35207
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Near I-65

      45,000 SF industrial space ideal for distribution and manufacturing.
      3333 35Th Ave N, Birmingham, AL 35207
      View Details
    • $8 SF/Yr

      Functional Office Space Near Downtown

      Versatile office building with convenient access to key locations.
      150 Daniel Payne Dr, Birmingham, AL 35207
      View Details
    • $3,500 /Mo

      M-1 Zoned Land For Lease

      M-1 zoned land with convenient highway and airport access.
      133 41St Ave W, Birmingham, AL 35207
      View Details
    • Contact for pricing

      Vacant Land For Lease

      Land available for lease in Birmingham, Alabama.
      148 41St Ave N, Birmingham, AL 35207
      View Details
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    2618 29th N Ave
    Birmingham, AL 35207
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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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