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    Property profile & analytics

    4010 40th N Ave Birmingham, AL 35217

    • Garden apartment buildings
    • 5,424 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Location Intelligence
    Property ID
    US03-0988750
    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

    • Garden apartment buildings

    Property Details for 4010 40th N Ave

    Year built
    1945
    Lot size
    1.51 lot acres
    Property size
    5,424 SF
    Zone code
    R5
    Property type
    Garden apartment buildings
    APN
    23-00-17-2-025-001.000
    APU
    2300172025001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $190,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $190,000
      Mixed-Use
      $205,000
      Hospitality
      $235,000
      Educational
      $205,000
      Residential Income
      $205,000
      Energy
      $230,000
      Income-Based Land
      $215,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7785
    Latitude
    33.5577
    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
    $14,242
    $83,960
    $262,580
    $346,540
    -
    $419,800
    $1,312,900
    $1,732,700

    Comparable in this City

    • Value Estimation
      $370,000
      5,640 SF

      Birmingham, AL 35217

      GARDEN APT, COURT APT (5+ UNITS) • 5,640 SF
      Birmingham, AL 35217
      View Details
    • Value Estimation
      $310,000
      2,695 SF

      1131 Jackson Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 2,695 SF
      1131 Jackson Blvd, Birmingham, AL 35217-3021
      View Details
    • Value Estimation by Request
      3,297 SF

      1200 Cedar St

      GARDEN APT, COURT APT (5+ UNITS) • 3,297 SF
      1200 Cedar St, Birmingham, AL 35217-3029
      View Details
    • Value Estimation
      $365,000
      2,944 SF

      1027 Thomason Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,944 SF
      1027 Thomason Ave, Birmingham, AL 35217
      View Details
    • Value Estimation
      $185,000
      2,656 SF

      1229 Jackson Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 2,656 SF
      1229 Jackson Blvd, Birmingham, AL 35217-3061
      View Details
    • Value Estimation by Request
      17,098 SF

      507 Candy Mtn Rd

      GARDEN APT, COURT APT (5+ UNITS) • 17,098 SF
      507 Candy Mtn Rd, Birmingham, AL 35217-1263
      View Details

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    • Contact for pricing
      0.17 Acres

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    Similar Nearby for Lease

    • $5 SF/Yr
      108,060 SF

      Birmingham Warehouse / Manufacturing Building

      104,250 SF Class B warehouse/manufacturing building for lease.
      320 Fleming Rd, Birmingham, AL 35217
      View Details
    • Contact for pricing
      83,948 SF

      Tarrant Shopping Center - Birmingham, AL

      High-traffic retail center, 7 spaces available.
      2040-2096 Pinson Hwy, 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
    • $9 SF/Yr

      Pinson Valley Truck Terminal

      Truck terminal with service shop on 8.2 acres.
      3518 Industrial Pkwy, Birmingham, AL 35217
      View Details
    • $8 SF/Yr
      6,920 SF

      Office and Warehouse Space Available

      Versatile property with office and warehouse space for rent.
      2505 Pawnee Village Rd, Birmingham, AL 35217
      View Details
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    4010 40th N Ave
    Birmingham, AL 35217
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    Realmo Value Estimation

    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.

    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.

    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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