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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Sports & entertainment properties
2809 Central Ave, Birmingham, AL 35209-2503
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0934997
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1948
Total area
2,882 SF
Lot
0.17 ac (7,325 SF)
Zoning code
C4
APN
28-00-07-3-023-007.000
UPID
US03-0934997
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
-
Magic City Collectibles (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Cdv 2010 Investments LLC · 4 yrs held
Cdv 2010 Investments LLC
since 2021
Last sale
$860,000
5 recorded transactions
Zoning & alternative use
C4 · 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
Method
Estimation
Statistic approach
$820,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $860k (Sep 17 2021)
Last sale anchor
$860k
Sep 17 2021
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
$297 / 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
$9,630
Tax year 2022
Assessed value
$137,220
Assessed 2023
Previous assessed
$128,400
+6.9% YoY
Effective rate
7.02%
On assessed value
Assessed land
$105,480
Assessed improvement
$31,740
Land market value
$527,400
Improvement market value
$158,700
Total market value
$686,100
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
1948
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,882 SF
Lot
0.17 ac (7,325 SF)
Zoning code
C4
APN
28-00-07-3-023-007.000
UPID
US03-0934997
Jurisdiction
JEFFERSON
Zoning & alternative use
C4 · Birmingham, AL
Zoning C4 · permitted uses
C4 · 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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Cdv 2010 Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
302 CLERMONT DR, BIRMINGHAM, AL 35209-2306
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
—
Cdv 2010 Investments LLC
—
Deed
related
$752,000 · Oakworth Capital Bank
Sep 17, 2021
$860,000
Cdv 2010 Investments LLC
John W Boone
Warranty Deed
—
Dec 19, 2017
—
John W Boone
Sign Art LLC
Warranty Deed
$200,000 · Mutual Savings Cu
Apr 11, 2013
—
Sign Art LLC
—
Trustees Deed
related
$137,000 · First Partners Bk
—
—
Sign Art LLC
—
Loan Modification
related
$180,137 · First Partners 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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