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

    2717 2nd S Ave Birmingham, AL 35233-2721

    • Investment properties
    • 18,473 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2021
    $2,301,900
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    9.8%
    Investment properties
    Location Intelligence
    Property ID
    US03-0490799
    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.

    Current Use by Public Records

    • Clemontín / Antique Store
    • Stephanie Lynton Home / Interior Decorator
    • MCJ Co Interiors / Furniture Store
    • Margaret D Jones Interiors LLC / Interior Designer
    • South Cypress / Flooring Store / Tile Store

    Property Details for 2717 2nd S Ave

    Year built
    1969
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Property size
    18,473 SF
    Zone code
    M1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-00-31-2-028-002.000
    APU
    2300312028002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,195,000
      ML approach
      $2,125,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,575,000
      6.5%
      $3,300,000
      7%
      $3,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,517,000
      Market price range: $581k - $2.06M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,290,000
      OFFICE BUILDING
      $3,090,000
      AUTO REPAIR, GARAGE
      $2,975,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7926
    Latitude
    33.5154
    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
    $38,658
    $329,180
    $243,860
    $573,040
    -
    $1,645,900
    $1,219,300
    $2,865,200

    Comparable in this City

    • Value Estimation
      $725,000
      39,095 SF

      1900 3rd S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 39,095 SF
      1900 3rd S Ave, Birmingham, AL 35233
      View Details
    • Value Estimation
      $1,240,000
      3,880 SF

      200 28th S St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,880 SF
      200 28th S St, Birmingham, AL 35233-2717
      View Details
    • Value Estimation
      $250,000
      11,416 SF

      728 23rd S St

      OFFICE/RESIDENTIAL (MIXED USE) • 11,416 SF
      728 23rd S St, Birmingham, AL 35233-2327
      View Details
    • Value Estimation
      $310,000
      3,880 SF

      312 24th S St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,880 SF
      312 24th S St, Birmingham, AL 35233
      View Details
    • Value Estimation
      $315,000
      4,000 SF

      3022 3rd S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,000 SF
      3022 3rd S Ave, Birmingham, AL 35233-3004
      View Details
    • Value Estimation
      $315,000
      10,018 SF

      2924 3rd S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 10,018 SF
      2924 3rd S Ave, Birmingham, AL 35233-2913
      View Details

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    • Contact for pricing
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      Midtown Birmingham Redevelopment Opportunity

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    • $330,000

      UAB Medical District Condo

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    • $374,900
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      Lakeview District Proposed Condo

      Proposed construction condo in Birmingham's lively Lakeview District.
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      Downtown Condo with Secured Parking

      One-bedroom condo near UAB, with pool, gym, and storage.
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    Similar Nearby for Lease

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      1,763 SF

      Retail/Office Space in UAB Area

      New retail/office development in the University of Alabama at Birmingham.
      425-433 20Th St S, Birmingham, AL 35233
      View Details
    • Contact for pricing
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      Lakeview Green Retail Spaces

      Downtown Birmingham Retail Opportunity
      2901 4Th Ave, Birmingham, AL 35233
      View Details
    • Contact for pricing
      2,490 SF

      Dynamic Mixed-Use Venue For Rent

      Community-centered venue with retail, restaurants, and entertainment options.
      1800 Powell Ave S, Birmingham, AL 35233
      View Details
    • $28 SF/Yr
      1,470 SF

      Palmer Parkside Retail Space

      Prime Birmingham Restaurant Space, 1470 SF
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    • Contact for pricing
      23,878 SF

      Birmingham Warehouse Distribution Space

      Large Warehouse Space Available in Birmingham, AL
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      View Details
    • $27 SF/Yr
      52,127 SF

      Pepper Place Office Building

      Birmingham Office Space: 52,127 SF
      2901 2Nd Ave, Birmingham, AL 35233
      View Details
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    2717 2nd S Ave
    Birmingham, AL 35233-2721
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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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