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    2820 Petticoat Ln Mountain Brook, AL 35223
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    2820 Petticoat Ln Mountain Brook, AL 35223

    View on Map
    • Investment properties
    • 2,722 SF
    • 0.04 lot acres
    For Sale
    $1,599,780
    View Listing →
    Mixed-Use Retail in Mountain Brook For Sale
    $1,599,780

    Mixed-Use Retail in Mountain Brook

    Retail and office space in a sought-after location.

    2820 PETTICOAT LANE, Mountain Brook, AL 35223
    View Listing
    Property ID
    US03-0428409
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2820 Petticoat Ln

    Year built
    1945
    Lot size
    0.04 lot acres
    Property size
    2,722 SF
    Zone code
    LB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    28-00-08-2-004-007.000
    APU
    2800082004007000

    Description

    This exceptional two-story building, totaling 3,200 square feet, presents a unique opportunity in the vibrant Mountain Brook Village. Located at 2820 Petticoat Lane, the property boasts a charming Victorian architectural style, high ceilings, and abundant natural light, creating a versatile space ideal for a variety of businesses. The entire building is available for lease as a single tenant space, offering unparalleled flexibility and control. Situated on a picturesque tree-lined street with attractive brick sidewalks, the property benefits from excellent walkability to a wealth of nearby restaurants and shops, ensuring high visibility and foot traffic. Convenient access to ample free parking directly in front of the building further enhances its appeal. Its strategic location in Mountain Brook Village, coupled with easy access to major Birmingham roadways, guarantees optimal exposure and accessibility for any business. The property's 3,200 square feet are spread across two stories, providing ample space for a variety of layouts and configurations. This is a rare opportunity to secure a prominent location in a highly desirable area. Jefferson County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Brk
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7723
    Latitude
    33.4839
    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
    $6,348
    $13,440
    $48,280
    $61,720
    -
    $67,200
    $241,400
    $308,600

    Comparable in this City

    • Value Estimation
      $2,660,000
      12,196 SF

      2701 Cahaba Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,196 SF
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      View Details
    • Value Estimation by Request
      1,460 SF

      2718 Cahaba Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,460 SF
      2718 Cahaba Rd, Mountain Brk, AL 35223-2304
      View Details
    • Value Estimation by Request
      2,836 SF

      2822 Petticoat Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,836 SF
      2822 Petticoat Ln, Mountain Brk, AL 35223-2320
      View Details
    • Value Estimation
      $955,000
      5,993 SF

      1901 Cahaba Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,993 SF
      1901 Cahaba Rd, Mountain Brk, AL 35223-1015
      View Details
    • Value Estimation by Request
      1,300 SF

      2724 Cahaba Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,300 SF
      2724 Cahaba Rd, Mountain Brk, AL 35223-2304
      View Details
    • Value Estimation
      $1,115,000
      7,308 SF

      2800 Cahaba Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,308 SF
      2800 Cahaba Rd, Mountain Brk, AL 35223-2306
      View Details

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      Vacant Land in Birmingham, AL

      Vacant land available for sale in Birmingham, Alabama.
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      Retail Space in Mountain Brook

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      Retail Space in Mountain Brook

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      Office Space For Lease

      Office space available for lease.
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      First Floor Office Suite Available

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      Iconic Corporate Campus in Birmingham

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    View Listing
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    Mountain Brook, AL 35223
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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.

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