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Property profile & analytics
OFF-MARKET
Estimated value
$350,000
Office Spaces
3700 4th S Ave Birmingham, AL 35222
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0458820
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1972
Total area
7,336 SF
Lot
0.45 ac (19,754 SF)
Zoning code
CB1
APN
23-00-29-3-026-005.000
UPID
US03-0458820
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
$1.31M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$350k
Owner & transaction history
Blue Marlin Properties LLC · 6 yrs held
Blue Marlin Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
CB1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning/Zoning (MapServer)
Top alternative use upside
Restaurant
$2.0M
+163.5%
Neighborhood: shopping center
$2.0M
+160.5%
Apartment house (5+ units)
$1.5M
+94.3%
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%
$1,420,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$760,000
Current use
RESTAURANT
$2,005,000
Change: +163% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,985,000
Change: +160% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,480,000
Change: +94% · Conversion: Moderate
MEDICAL BUILDING
$1,305,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$1,225,000
Change: +61% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,180,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$895,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$350k
Range $315k – $385k · ±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
$48 / 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
$10,537
Tax year 2022
Assessed value
$178,960
Assessed 2023
Previous assessed
$178,960
+0.0% YoY
Effective rate
5.89%
On assessed value
Assessed land
$51,360
Assessed improvement
$127,600
Land market value
$256,800
Improvement market value
$638,000
Total market value
$894,800
Applied tax rate
31.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
7,336 SF
Lot
0.45 ac (19,754 SF)
Zoning code
CB1
APN
23-00-29-3-026-005.000
UPID
US03-0458820
Jurisdiction
JEFFERSON
Zoning & alternative use
CB1 · Birmingham, ALZoning CB1 · permitted uses
CB1 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$760,000
RESTAURANT
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$895,000
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Blue Marlin Properties LLC
Entity
Mailing address
8463 SCOTT DR, TRUSSVILLE, AL 35173-3805
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2019
$865,000
Blue Marlin Properties LLC
Kings Mountain Investments INC
Warranty Deed
$739,500 · Southpoint Bank
Aug 1, 2014
$120,000
Kings Mountain Investments INC
Sauls,mcroy
Warranty Deed
$480,000 · Wells Fargo Bk
Jul 1, 1993
$87,000
S Mcroy Sauls
Unknown
Grant Deed
—
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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