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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
2740 Central Ave, Birmingham, AL 35209-1838
Entity Owned
8-yr Hold
Free & Clear
Property ID
US03-0650942
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1945
Total area
5,339 SF
Lot
0.12 ac (5,275 SF)
Zoning code
C3
APN
28-00-07-3-009-019.000
UPID
US03-0650942
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
-
Iron Tribe Fitness - Homewood Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Suns Out Guns Out II LLC · 8 yrs held
Suns Out Guns Out II LLC
since 2017
7 recorded transactions
Zoning & alternative use
C3 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,044
Tax year 2022
Assessed value
$129,300
Assessed 2023
Previous assessed
$133,920
-3.4% YoY
Effective rate
7.77%
On assessed value
Assessed land
$75,960
Assessed improvement
$53,340
Land market value
$379,800
Improvement market value
$266,700
Total market value
$646,500
Applied tax rate
12.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,339 SF
Lot
0.12 ac (5,275 SF)
Zoning code
C3
APN
28-00-07-3-009-019.000
UPID
US03-0650942
Jurisdiction
JEFFERSON
Zoning & alternative use
C3 · Birmingham, AL
Zoning C3 · permitted uses
C3 · 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.
Building & site characteristics
From public records
Year built
1945
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Suns Out Guns Out II LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1616 2ND AVE S STE #100, BIRMINGHAM, AL 35233-1713
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Suns Out Guns Out II LLC
—
Deed
related
$900,000 · Oakworth Capital Bank
Aug 23, 2017
$1,164,212
Suns Out Guns Out II LLC
Third Avenue Partners LLC
Warranty Deed
—
Jul 8, 2016
—
Third Avenue Partners LLC
—
Deed
related
$2,851,750 · Wells Fargo Bk
Jun 3, 2013
$250,000
Third Avenue Partners LLC
Belser,t Daniel
Grant Deed
$590,000 · Servisfirst Bk
May 1, 2006
$200,000
Belser,t Daniel
Stidham Dona F Mgmt Trust
Warranty Deed
$150,000 · Capitalsouth Bk
May 6, 2005
—
Stidham,dona F Trust
—
Trustees Deed
related
$43,600 · T D & Rona J Belser
Mar 1, 1992
$175,000
Edward Earl Stidham
Unknown
Grant Deed
—
—
—
Third Avenue Partners LLC
—
Deed Of Trust
related
$2,851,750 · Wells Fargo 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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