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Property profile & analytics
OFF-MARKET
Estimated value
$6,060,000
Outlet malls
2700 2nd S Ave Birmingham, AL 35233-2704
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US03-0647157
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1969
Construction
STEEL FRAME
Total area
44,575 SF
Lot
1.51 ac (65,993 SF)
Zoning code
M1
APN
23-00-31-2-027-002.000
UPID
US03-0647157
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
-
Encore Stone Studio Kitchen & Bath Showroom Hardware & Home Improvement
-
Crawford Square Real Estate Advisors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$6.06M
Owner & transaction history
Sloss Htp INC
Sloss Htp INC
3 recorded transactions
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.0M
+64.9%
Commercial (general)
$9.0M
+64.5%
Medical building
$7.9M
+45.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,260,000
6.5%
$6,700,000
7%
$6,225,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,450,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,985,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,965,000
Change: +64% · Conversion: Easy
MEDICAL BUILDING
$7,935,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$7,455,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,175,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$6.06M
Range $5.45M – $6.67M · ±10%
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
$136 / 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
$75,372
Tax year 2022
Assessed value
$1,087,460
Assessed 2023
Previous assessed
$1,039,620
+4.6% YoY
Effective rate
6.93%
On assessed value
Assessed land
$184,800
Assessed improvement
$902,660
Land market value
$924,000
Improvement market value
$4,513,300
Total market value
$5,437,300
Applied tax rate
37.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
44,575 SF
Lot
1.51 ac (65,993 SF)
Zoning code
M1
APN
23-00-31-2-027-002.000
UPID
US03-0647157
Jurisdiction
JEFFERSON
Zoning & alternative use
M1 · Birmingham, AL
Zoning M1 · permitted uses
M1 · 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
RETAIL STORES Current
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
Sloss Htp INC
Entity
Mailing address
1130 22ND ST S STE #3500, BIRMINGHAM, AL 35205-2885
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Sloss Htp INC
—
Deed Of Trust
related
$3,000,000 · Creshaw Catherine S Trust (it)
—
—
Sloss Htp INC
—
Deed Of Trust
related
$3,000,000 · Synovus Bk
—
—
Sloss Htp INC
—
Deed Of Trust
related
$1,400,000 · Synovus Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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