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Property profile & analytics
OFF-MARKET
Estimated value
$230,000
Assisted living facilities
3635 42nd N Ave Birmingham, AL 35207-3029
Individually Owned
7-yr Hold
Free & Clear
Property ID
US03-0371081
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1950
Total area
5,591 SF
Lot
0.29 ac (12,600 SF)
Zoning code
R3
APN
23-00-07-3-014-012.001
UPID
US03-0371081
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$230k
Owner & transaction history
William D Patrick · 7 yrs held
William D Patrick
since 2019
4 recorded transactions
Zoning & alternative use
R3 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Title 2 - Zoning Ordinance Chapter 1: Zoning Districts 405 Section 4. R-3 Single-Family District. Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the R -3 Single- Family D
Zone name
Single Family
General category
RESIDENTIAL
Zone area
9,991.38 ac
Source
Planning/Zoning (MapServer)
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$230k
Range $207k – $253k · ±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
$41 / 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
$2,107
Tax year 2022
Assessed value
$44,240
Assessed 2023
Previous assessed
$29,060
+52.2% YoY
Effective rate
4.76%
On assessed value
Assessed land
$2,540
Assessed improvement
$41,700
Land market value
$12,700
Improvement market value
$208,500
Total market value
$221,200
Applied tax rate
34.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1950
Heating
SPACE
Stories
1
Bathrooms
3
Total area
5,591 SF
Lot
0.29 ac (12,600 SF)
Zoning code
R3
APN
23-00-07-3-014-012.001
UPID
US03-0371081
Jurisdiction
JEFFERSON
Zoning & alternative use
R3 · Birmingham, ALZoning R3 · permitted uses
R3 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Title 2 - Zoning Ordinance Chapter 1: Zoning Districts 405 Section 4. R-3 Single-Family District. Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the R -3 Single- Family D
Zone name
Single Family
General category
RESIDENTIAL
Zone area
9,991.38 ac
Source
Planning/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1950
Heating
SPACE
Stories
1
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
William D Patrick
Individual
Free & Clear · 7 yrs held
Mailing address
3635 42ND AVE N, BIRMINGHAM, AL 35207-3029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
$36,500
William D Patrick
Reina Investments LLC
Warranty Deed
—
Jul 28, 2015
$125,000
Antonnia Y Lee
Reina Investments LLC
Dual Purpose Document
related
$120,000 · Reina Investments LLC
Jun 3, 2015
$70,500
Reina Investments LLC
Goins Hattie
Warranty Deed
—
Feb 23, 2011
—
Reina Investments LLC
Owner Name Unavailable
Grant Deed
related
—
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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