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Property profile & analytics
FOR LEASE
Outlet malls
2700 7Th Ave S Birmingham, AL 35233
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0394719
For Lease
1 / 2
$6,435,000
2700 7Th Ave S, Birmingham, AL 35233
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1984
Total area
44,042 SF
Lot
3.46 ac (150,500 SF)
Zoning code
M1B3
APN
23-00-31-3-009-001.000
UPID
US03-0394719
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
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.62M
Comparable Approach
Comparable
$8.33M
Blend (final)
Blend
$6.44M
Owner & transaction history
BARBER COMPANIES INC
BARBER COMPANIES INC
Zoning & alternative use
M1B3 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.9M
+64.9%
Commercial (general)
$8.9M
+64.5%
Medical building
$7.8M
+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%
$7,175,000
6.5%
$6,620,000
7%
$6,150,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,385,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,880,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,860,000
Change: +64% · Conversion: Easy
MEDICAL BUILDING
$7,840,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$7,365,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,090,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±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
$146 / 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
$84,135
Tax year 2022
Assessed value
$1,310,680
Assessed 2023
Previous assessed
$1,160,480
+12.9% YoY
Effective rate
6.42%
On assessed value
Assessed land
$481,600
Assessed improvement
$829,080
Land market value
$2,408,000
Improvement market value
$4,145,400
Total market value
$6,553,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1984
Heating
SPACE
Cooling
YES
Stories
1
Total area
44,042 SF
Lot
3.46 ac (150,500 SF)
Zoning code
M1B3
APN
23-00-31-3-009-001.000
UPID
US03-0394719
Jurisdiction
JEFFERSON
Zoning & alternative use
M1B3 · Birmingham, AL
Zoning M1B3 · permitted uses
M1B3 · 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
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.1M
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
1984
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.46 ac
Current owner
From public records · entity-resolved
BARBER COMPANIES INC
Entity
Free & Clear · 0 yrs held
Mailing address
27 INVERNESS CTR PKWY, HOOVER, AL 35242-4810
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
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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