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Property profile & analytics
OFF-MARKET Estimated value $385,000
Office Spaces

3103 27th N Ave Birmingham, AL 35207-5101

4,304 SF 9.1 ac lot Built 1969
Entity Owned Absentee Owner Free & Clear
Property ID
US03-0508157
Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1969
Total area 4,304 SF
Lot 9.1 ac (396,396 SF)
Zoning code M2
APN 22-00-24-1-001-007.000
UPID US03-0508157
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
$770k
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$385k
Owner & transaction history
TRANSRAIL PARTNERS LLC
TRANSRAIL PARTNERS LLC
Zoning & alternative use
M2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 3. M-2, Heavy Industrial District. Subsection 1. Generally. The regulations set forth in this Section or set forth in this Ordinance, when referred to in this Section, are the regulations of the M-2 Heavy Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in t…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 3,860.46 ac
Source Planning/Zoning (MapServer)
Top alternative use upside
Neighborhood: shopping center $1.2M +101.1%
Medical building $765,000 +32.4%
Office building $720,000 +24.4%
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