Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3901 41st N Ave Birmingham, AL 35217-3841
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3901 41st N Ave Birmingham, AL 35217-3841

    View on Map
    • Commercial land
    • 1,257 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US03-0582456
    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

    • Commercial land

    Property Details for 3901 41st N Ave

    Year built
    1939
    Lot size
    0.15 lot acres
    Property size
    1,257 SF
    Zone code
    R4
    Property type
    Commercial land
    APN
    23-00-18-1-007-012.000
    APU
    2300181007012000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7809
    Latitude
    33.5628
    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
    $0.00
    $1,340
    $0.00
    $1,340
    -
    $6,700
    $0.00
    $6,700

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      524 10th St

      VACANT COMMERCIAL LAND • 0.01 Acres
      524 10th St, Birmingham, AL 35217
      View Details
    • Value Estimation by Request
      0.15 Acres

      421 10th St

      VACANT COMMERCIAL LAND • 0.15 Acres
      421 10th St, Birmingham, AL 35217-1432
      View Details
    • Value Estimation by Request
      0.30 Acres

      212 10th St

      VACANT COMMERCIAL LAND • 0.30 Acres
      212 10th St, Birmingham, AL 35217-1429
      View Details
    • Value Estimation by Request
      0.16 Acres

      305 10th St

      VACANT COMMERCIAL LAND • 0.16 Acres
      305 10th St, Birmingham, AL 35217-1430
      View Details
    • Value Estimation by Request
      0.16 Acres

      202 11th St

      VACANT COMMERCIAL LAND • 0.16 Acres
      202 11th St, Birmingham, AL 35217-1441
      View Details
    • Value Estimation by Request
      0.37 Acres

      301 11th St

      VACANT COMMERCIAL LAND • 0.37 Acres
      301 11th St, Birmingham, AL 35217-1400
      View Details

    Similar Nearby for Sale

    • $299,000

      Fultondale Commercial Land Opportunity

      6-acre commercial land near I-65 with high visibility.
      1829 Carson Rd N, Fultondale, AL 35217
      View Details
    • $39,900
      0.57 Acres

      Corner Lot on New Castle

      Corner lot with road frontage and high traffic count.
      3132 New Castle Rd, Fultondale, AL 35217
      View Details
    • $39,900

      Corner Lot on New Castle

      Corner lot with high traffic count and excellent road frontage.
      3132 New Castle Rd, Fultondale, AL 35217
      View Details
    • Contact for pricing
      4.54 Acres

      4.54 Acres Land in Birmingham

      Land with water and electric nearby, close to parks.
      9651 Westfield Dr, Birmingham, AL 35217
      View Details
    • Contact for pricing

      Land with Future Fee Simple

      Land available with fee simple deed in 2027.
      1120 E Norman St, Birmingham, AL 35217
      View Details
    • Contact for pricing

      Land Near Shopping and Entertainment

      Land available near shopping centers and downtown entertainment.
      216 Oak Forest Dr, Birmingham, AL 35217
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Birmingham

      Retail spaces available in Tarrant, Alabama, near Birmingham.
      2040-2096 Pinson Hwy, Tarrant, AL 35217
      View Details
    • $18 SF/Yr
      3,600 SF

      Retail Space on Pinson Valley

      Retail space available for lease in Birmingham, Alabama.
      3931 Pinson Valley Pkwy, Birmingham, AL 35217
      View Details
    • Contact for pricing

      Former Auto Parts Storefront

      Sublease opportunity in Fultondale submarket with high traffic volume.
      1701 Pinson Valley Pkwy, Birmingham, AL 35217
      View Details
    • $6 SF/Yr

      Crane-Served Warehouse in Pinson Valley

      Crane-served warehouse in Pinson Valley Industrial Corridor on 7.15-acre site.
      3900 Pinson Valley Pkwy, Birmingham, AL 35217
      View Details
    • $8 SF/Yr

      Cross-Dock Facility with Extensive Yard

      11,785 SF cross-dock facility with immediate occupancy.
      3654 Industrial Pkwy, Birmingham, AL 35217
      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.
    3901 41st N Ave
    Birmingham, AL 35217-3841
    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.
    Sign Up Successful!
    You now have access to more from Realmo!