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Property profile & analytics
OFF-MARKET
Estimated value
$6,530,000
Garden apartment buildings
325 3rd SW Ave Birmingham, AL 35211
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0537150
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
14,340 SF
Lot
7.21 ac (314,111 SF)
Zoning code
R6
APN
29-00-03-4-018-007.000
UPID
US03-0537150
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
-
Hubbard Inc. Apartment Building
-
Montevallo Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$6.53M
Owner & transaction history
Apex University LP · 5 yrs held
Apex University LP
since 2020
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
R6 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+35.6%
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
$6,455,000
ML approach
$7,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,920,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$6.53M
Range $5.88M – $7.18M · ±10% · vs last sale $9.00M (Oct 26 2020)
Last sale anchor
$9.00M
Oct 26 2020
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
$455 / 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
$97,085
Tax year 2022
Assessed value
$1,667,880
Assessed 2023
Previous assessed
$1,339,100
+24.6% YoY
Effective rate
5.82%
On assessed value
Assessed land
$78,520
Assessed improvement
$1,589,360
Land market value
$392,600
Improvement market value
$7,946,800
Total market value
$8,339,400
Applied tax rate
35.0000
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
1970
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
16
Bathrooms
14
Total area
14,340 SF
Lot
7.21 ac (314,111 SF)
Zoning code
R6
APN
29-00-03-4-018-007.000
UPID
US03-0537150
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.9M
RESTAURANT
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
14
Lot
7.21 ac
Current owner
From public records · entity-resolved
Apex University LP
Entity
Free & Clear · 5 yrs held
Mailing address
2920 6TH AVE S, BIRMINGHAM, AL 35233-2902
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2020
$9,000,000
Apex University LP
Red Mountain Villas Partners LLC
Warranty Deed
—
Oct 19, 2018
$1,620,000
Red Mtn Vls Ptrs LLC
Dvc Alabama Holdings LP
Warranty Deed
—
Jul 28, 2017
—
Virginia Manor Partners LLC
—
Grant Deed
related
$9,974,788 · Specialty Credit Hldgs LLC
Feb 14, 2017
—
Dvc Alabama Holdings LP
—
Grant Deed
related
$3,500,000 · Pensam Logistics Ptrs Cf4-v Ll
Aug 22, 2016
$1,950,000
Dvc Alabama Holdings LP
Preserve At Montevello LLC
Warranty Deed
—
Nov 1, 2013
$1,200,000
Preserve At Montevello LLC
Best Buy Investments LLC
Warranty Deed
—
Apr 15, 2013
$495,000
Best Buy Invs LLC
Red Rock Realty Group INC
Grant Deed
—
Mar 18, 2008
—
Montevallo Apts LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Dvc Alabama Holdings LP
—
Deed Of Trust
related
$1,000,000 · Davinci Capital Property INC
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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