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    3601 4Th Ave S Birmingham, AL 35222

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    3601 4Th Ave S Birmingham, AL 35222

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    • Banks
    • 16,144 SF
    • 1.13 lot acres
    For Sale
    $1,500,000
    View Listing →
    Birmingham Office/Flex Space Opportunity For Sale
    $1,500,000

    Birmingham Office/Flex Space Opportunity

    Located in vibrant Birmingham, ideal for office or light industrial.

    3601 4th Ave S, Birmingham, AL 35222
    View Listing
    Property ID
    US03-0875104
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alabama Central Credit Union / Credit Union

    Property Details for 3601 4Th Ave S

    Year built
    1966
    Lot size
    1.13 lot acres
    Property size
    16,144 SF
    Zone code
    M1
    Property type
    Banks
    APN
    23-00-31-1-001-001.000
    APU
    2300311001001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $844,000
      Market price range: $548k - $1.50M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7793
    Latitude
    33.5195
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $37,103
    $235,200
    $383,120
    $618,320
    -
    $1,176,000
    $1,915,600
    $3,091,600

    Comparable in this City

    • Value Estimation by Request
      3,016 SF

      3712 4th S Ave

      FINANCIAL BUILDING • 3,016 SF
      3712 4th S Ave, Birmingham, AL 35222-2420
      View Details
    • Value Estimation
      $1,550,000
      7,320 SF

      3611 5th S Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,320 SF
      3611 5th S Ave, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      1,146 SF

      4607 5th S Ave

      CONVENIENCE STORE • 1,146 SF
      4607 5th S Ave, Birmingham, AL 35222-2903
      View Details
    • Value Estimation by Request
      5,008 SF

      4710 5Th Ave

      Individual retail properties • 5,008 SF
      4710 5Th Ave, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      1,673 SF

      3800 Clairmont S Ave

      CONVENIENCE STORE • 1,673 SF
      3800 Clairmont S Ave, Birmingham, AL 35222-3608
      View Details
    • Value Estimation by Request
      1,732 SF

      4301 3rd S Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,732 SF
      4301 3rd S Ave, Birmingham, AL 35222-2126
      View Details

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      Avondale Retail or Multifamily Opportunity

      Updated retail space or multifamily development opportunity in Avondale.
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    • $249,900
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      Residential Lot with City Views

      Homesite in gated community with potential for custom home.
      5220 Mountain Ridge Pkwy, Birmingham, AL 35222
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    • $250,000
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      Two lots in one in a secure, gated community.
      5231 Mountain Ridge Pkwy, Birmingham, AL 35222
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    Similar Nearby for Lease

    • $12 SF/Yr

      Prime Commercial Space in Birmingham

      Versatile space ideal for retail or office use.
      3601 4Th Ave S, Birmingham, AL 35222
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    • Contact for pricing

      Urban Supply Retail & Entertainment Space

      Prime retail and entertainment spaces in Birmingham's urban core.
      1401 1St Ave S, Birmingham, AL 35222
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    • $2,400 /Mo

      Avondale Flex Space For Lease

      Newly renovated flex space in Avondale, near downtown Birmingham.
      4720 1St Ave North, Birmingham, AL 35222
      View Details
    • Contact for pricing

      Warehouse Space for Lease

      2,800 SF warehouse suitable for fleet maintenance or storage.
      3728 Messer Airport Hwy, Birmingham, AL 35222
      View Details
    • $6,600 /Mo
      8,760 SF

      Avondale Office Space for Lease

      Historic Avondale, flexible suites available
      3720 4Th Ave, Birmingham, AL 35222
      View Details
    • $9 SF/Yr

      Avondale Office/Flex Space Available

      Office/Flex space for lease, convenient to Downtown Birmingham.
      3500 7Th Ave South, Birmingham, AL 35222
      View Details
    View Listing
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    3601 4Th Ave S
    Birmingham, AL 35222
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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