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Property profile & analytics
OFF-MARKET
Estimated value
$9,570,000
Garden apartment buildings
2912 Pawnee S Ave Birmingham, AL 35205-2015
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0760138
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Total area
7,464 SF
Lot
2.07 ac (90,169 SF)
Zoning code
R6
APN
28-00-06-1-014-013.000
UPID
US03-0760138
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
-
Nova Highland Park Apartment Homes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.57M
Owner & transaction history
Rockbridge Nova LLC · 4 yrs held
Rockbridge Nova LLC
since 2021
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
R6 · 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
$9,345,000
ML approach
$9,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.57M
Range $8.61M – $10.53M · ±10% · vs last sale $9.80M (Dec 13 2021)
Last sale anchor
$9.80M
Dec 13 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
$1,282 / 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
$47,372
Tax year 2022
Assessed value
$1,665,940
Assessed 2023
Previous assessed
$653,400
+155.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$486,920
Assessed improvement
$1,179,020
Land market value
$2,434,600
Improvement market value
$5,895,100
Total market value
$8,329,700
Applied tax rate
31.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
YES
Stories
4
Rooms
16
Bathrooms
45
Total area
7,464 SF
Lot
2.07 ac (90,169 SF)
Zoning code
R6
APN
28-00-06-1-014-013.000
UPID
US03-0760138
Jurisdiction
JEFFERSON
Zoning & alternative use
R6 · Birmingham, AL
Zoning R6 · permitted uses
R6 · 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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
16
Bathrooms
45
Lot
2.07 ac
Current owner
From public records · entity-resolved
Rockbridge Nova LLC
Entity
Mailing address
2 20TH ST N, BIRMINGHAM, AL 35203-4007
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
$9,800,000
Rockbridge Nova LLC
Niazuma Lllp
Warranty Deed
$7,840,000 · Berkeley Point Capital
Nov 27, 2019
$6,160,000
Niazuma Lllp
Logan Pawnee III LLC
Warranty Deed
—
Sep 26, 2007
—
Logan Pawnee I LLC
Owner Name Unavailable
Grant Deed
related
—
May 22, 2007
$3,400,000
Pawnee Partners LLC
Leonard Properties Two LLC
Grant Deed
$3,945,000 · Red Mtn Bk
Apr 30, 2002
$1,917,500
Leonard Properties Two LLC
Engel Realty Com
Grant Deed
—
—
—
Logan Pawnee III LLC
—
Deed Of Trust
related
$3,765,000 · Greystone Svcg
—
—
Leonard Properties Two LLC
—
Deed Of Trust
related
$2,260,000 · Amsouth 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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