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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Warehouses
300 36th NE Ave Birmingham, AL 35215-1412
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US03-1882667
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
18,413 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
23-00-30-4-003-003.001
UPID
US03-1882667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.38M
Owner & transaction history
Southern Real Estate Co INC · 12 yrs held
Southern Real Estate Co INC
since 2013
3 recorded transactions
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the M1 Light Manufacturing District is provide for contractor or construction equipment dealer yard, grain and feed storage, heating fuel or building material storage or wholesaling, manufacturing, fabricating, processing, or assembling uses which do not create any objectionable noise, vibration, smoke, dust, odor, heat or glare, such as boats…
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
3,507.24 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.3M
+91.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,580,000
7%
$1,470,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,175,000
Current use
RETAIL STORES
$2,250,000
Change: +92% · Conversion: Moderate
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10%
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
$75 / 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
$16,105
Tax year 2022
Assessed value
$264,080
Assessed 2023
Previous assessed
$222,140
+18.9% YoY
Effective rate
6.10%
On assessed value
Assessed land
$78,400
Assessed improvement
$185,680
Land market value
$392,000
Improvement market value
$928,400
Total market value
$1,320,400
Applied tax rate
30.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Stories
1
Total area
18,413 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
23-00-30-4-003-003.001
UPID
US03-1882667
Jurisdiction
JEFFERSON
Zoning & alternative use
M1 · Birmingham, ALZoning M1 · permitted uses
M1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the M1 Light Manufacturing District is provide for contractor or construction equipment dealer yard, grain and feed storage, heating fuel or building material storage or wholesaling, manufacturing, fabricating, processing, or assembling uses which do not create any objectionable noise, vibration, smoke, dust, odor, heat or glare, such as boats (less than five tons), bolts, nuts, screws, washers, rivets, nails, brads, tacks, spikes, staples and similar items
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
3,507.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Southern Real Estate Co INC
Entity
Mailing address
PO BOX 5738, MERIDIAN, MS 39302-5738
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2013
—
Southern Real Estate Co INC
M3 Investments LLC
Warranty Deed
related
$875,000 · Regions Bk/norcross Ga
Nov 5, 2004
$700,000
M3 Investments LLC
Fairway Investments LLC
Warranty Deed
$595,000 · First Com'l Bk Ltd
—
—
M3 Investments LLC
—
Deed Of Trust
related
$645,000 · Compass 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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