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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Turn key restaurants
2832 Linden Ave Birmingham, AL 35209-2514
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0709852
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
5,114 SF
Lot
0.17 ac (7,400 SF)
Zoning code
C4
APN
28-00-07-3-022-008.000
UPID
US03-0709852
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
-
Caveat Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$605k
Owner & transaction history
Jld Properties Linden LLC · 1 yrs held
Jld Properties Linden LLC
since 2025
Last sale
$735,000
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
$460,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $735k (Mar 3 2025)
Last sale anchor
$735k
Mar 3 2025
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
$118 / 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
$10,005
Tax year 2022
Assessed value
$102,780
Assessed 2023
Previous assessed
$102,780
+0.0% YoY
Effective rate
9.73%
On assessed value
Assessed land
$74,600
Assessed improvement
$28,180
Land market value
$373,000
Improvement market value
$140,900
Total market value
$513,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,114 SF
Lot
0.17 ac (7,400 SF)
Zoning code
C4
APN
28-00-07-3-022-008.000
UPID
US03-0709852
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jld Properties Linden LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2832 LINDEN AVE, BIRMINGHAM, AL 35209-2514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jul 21, 2025
—
Jld Properties Linden LLC
—
Deed
related
$275,000 · Commerceone Bank
Jun 3, 2025
$735,000
Jld Properties Linden LLC
Hummingbird Properties LLC
Warranty Deed
—
Jan 30, 2024
$460,000
Richard Carnaggio
Hummingbird Properties LLC
Warranty Deed
—
Apr 3, 2015
$332,500
Hummingbird Properties LLC
Afgan Shaista
Warranty Deed
—
Jun 7, 2013
$157,000
Shaista Afgan
Koutroulakis Constantine G
Warranty Deed
$149,000 · Constantine G Koutroulakis
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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