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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Investment properties
332 Gadsden Hwy, Birmingham, AL 35235-1008
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-3142415
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1999
Total area
9,686 SF
Lot
1.54 ac (66,995 SF)
Zoning code
CB2
APN
23-00-01-1-002-009.003
UPID
US03-3142415
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$922k
Blend (final)
Blend
$1.46M
Owner & transaction history
Imagine Adc LLC · 5 yrs held
Imagine Adc LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CB2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+96.7%
Medical building
$1.7M
+73.7%
Office building
$1.6M
+63.1%
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
$1,415,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,730,000
7%
$1,605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$995,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,955,000
Change: +97% · Conversion: Moderate
MEDICAL BUILDING
$1,725,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$1,620,000
Change: +63% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,560,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$1,185,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.49M (Jun 8 2021)
Last sale anchor
$1.49M
Jun 8 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
$150 / 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
$11,548
Tax year 2022
Assessed value
$196,160
Assessed 2023
Previous assessed
$159,280
+23.2% YoY
Effective rate
5.89%
On assessed value
Assessed land
$83,156
Assessed improvement
$113,004
Land market value
$402,000
Improvement market value
$546,300
Total market value
$948,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
9,686 SF
Lot
1.54 ac (66,995 SF)
Zoning code
CB2
APN
23-00-01-1-002-009.003
UPID
US03-3142415
Jurisdiction
JEFFERSON
Zoning & alternative use
CB2 · Birmingham, AL
Zoning CB2 · permitted uses
CB2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$995,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Imagine Adc LLC
Entity
Mailing address
204 S ELM ST, HENDERSON, KY 42420-3511
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
Jun 8, 2021
$1,485,000
Imagine Adc LLC
Hrmsg Lithonia LLC
Warranty Deed
$985,000 · Independence Bank
Jan 25, 2019
—
Hrmsg Lithonia LLC
Star Investment Properties LLC
Warranty Deed
$1,314,928 · First Midwest Bk/poplar Bluff
Jan 9, 2019
—
Star Investment Properties LLC
Echols,mark
Quit Claim Deed
related
—
Dec 28, 2018
—
Star Investment Properties LLC
Echols,mark
Quit Claim Deed
related
—
Aug 24, 2018
$576,000
Star Investments LLC
Echols,mark
Quit Claim Deed
related
—
Nov 15, 2013
$56,000
Mark Echols
Gandara,arthur L
Grant Deed
—
May 3, 2004
$250,000
Graham,richard L
Obriens Seafood Restaurant L
Warranty Deed
$200,000 · Peoples Bk/n Al
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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