Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3724 1st N Ave Birmingham, AL 35222-1302

    • Retail properties
    • 7,699 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0337323
    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.

    Current Use by Public Records

    • Southern Consolidated Elec Sales / Electrical Supply Store
    • Southcon / Manufacturer
    • Classic Iron Works / Iron Works / Fence Contractor

    Property Details for 3724 1st N Ave

    Year built
    1945
    Lot size
    0.32 lot acres
    Property size
    7,699 SF
    Zone code
    M1
    Property type
    Retail properties
    APN
    23-00-30-4-001-007.000
    APU
    2300304001007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7817
    Latitude
    33.5262
    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
    $4,079
    $12,600
    $62,420
    $75,020
    -
    $63,000
    $312,100
    $375,100

    Comparable in this City

    • Value Estimation
      $535,000
      14,515 SF

      400 39th N St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 14,515 SF
      400 39th N St, Birmingham, AL 35222-1341
      View Details
    • Value Estimation by Request
      3,600 SF

      4014 Morris Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,600 SF
      4014 Morris Ave, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      1,800 SF

      4916 5th S Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,800 SF
      4916 5th S Ave, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      10,628 SF

      4501 1st N Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,628 SF
      4501 1st N Ave, Birmingham, AL 35222-1603
      View Details
    • Value Estimation by Request
      3,360 SF

      4724 1st N Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,360 SF
      4724 1st N Ave, Birmingham, AL 35222-1608
      View Details
    • Value Estimation by Request
      3,108 SF

      4702 5th S Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,108 SF
      4702 5th S Ave, Birmingham, AL 35222
      View Details

    Similar Nearby for Sale

    • $550,000
      1.00 Acre

      Avondale Retail or Multifamily Opportunity

      Updated retail space or multifamily development opportunity in Birmingham, AL.
      4401 4Th Ave, Birmingham, AL 35222
      View Details
    • $1,850,000

      Birmingham Office and Parking Asset

      Office building with fenced parking and loading docks.
      3317 6Th Ave South, Birmingham, AL 35222
      View Details
    • $250,000
      2,025 SF

      Industrial Property Near Transportation Routes

      Industrial property with convenient access to major transportation routes.
      4400 7Th Ave North, Birmingham, AL 35222
      View Details
    • $2,120,000
      11,000 SF

      Birmingham Office/Flex Space For Sale

      11,000 SF office/flex space with dock and parking.
      3700 6Th Ave S, Birmingham, AL 35222
      View Details
    • $749,000
      19,440 SF

      Birmingham Warehouse - $749K

      19,440 SF Warehouse, 1.63 Acres, Vacant.
      3708 Reverend Abraham Woods Jr Blvd, Birmingham, AL 35222
      View Details
    • $1,495,000
      82,000 SF

      Rail Served Warehouse in Birmingham

      82,000 SF Warehouse, Manufacturing Space
      616 33Rd Pl, Birmingham, AL 35222
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      10,250 SF

      Messer Airport Hwy Warehouse Space

      Birmingham Industrial Warehouse, 2,800 SF Available
      3728 Messer Airport Hwy, Birmingham, AL 35222
      View Details
    • $18 SF/Yr
      100,000 SF

      Downtown Birmingham Retail Hub

      100,000 SF Multi-Tenant Retail Space
      1401 1St Ave, Birmingham, AL 35222
      View Details
    • Contact for pricing
      96,000 SF

      Airport Warehouse Space Available

      Birmingham, AL Industrial Space for Lease
      3230 Messer Airport Hwy, Birmingham, AL 35222
      View Details
    • $6 SF/Yr

      Southside-Lakeview Office Space Available

      9,975 SF office space in Birmingham-Hoover MSA.
      3317 5Th Ave South, Birmingham, AL 35222
      View Details
    • $7 SF/Yr
      14,300 SF

      Centrally Located Customizable Flex Space

      7,300 SF flex space, easily accessible and customizable.
      3722 3Rd Ave S, Birmingham, AL 35222
      View Details
    • Contact for pricing
      53,500 SF

      Airport Highway Park Warehouse

      53,500 SF Warehouse - Birmingham, AL
      524 35Th St, Birmingham, AL 35222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3724 1st N Ave
    Birmingham, AL 35222-1302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.