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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4704 Cahaba Riv Rd Birmingham, AL 35243-2344

    • Strip malls
    • 34,388 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimations
    $4,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3134054
    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

    • Daisy Nails / Nail Salon
    • Birmingham ID & Infusion / Medical Clinic / Doctor
    • Weiss Dental / Dentist / Cosmetic Dentist
    • Weigh to Wellness / Medical Clinic / Weight Loss Service
    • Lapidus William I MD / Infectious Disease Physician

    Property Details for 4704 Cahaba Riv Rd

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    4.00 lot acres
    Property size
    34,388 SF
    Zone code
    B2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    28-00-27-3-000-023.000
    APU
    2800273000023000

    Description

    Altadena Square, a 30,330 square foot neighborhood shopping center in Vestavia Hills, Alabama, offers a prime retail opportunity. Located at the major intersection of Cahaba River Road, Acton Road, and Colonnade Parkway, this property boasts superior visibility and high traffic counts due to its strategic placement at a traffic light. Currently, 1,019 square feet of retail space is available for lease. The center features a strong and diverse tenant mix with a history of long-term occupancy, indicating a stable and desirable location. The surrounding area is experiencing significant growth, with recent developments including Patchwork Farms, Lifetime Fitness, Slice Pizza, and Grandview Medical Center, creating a dynamic and expanding trade area. Ample and convenient parking is provided for customers and tenants. The property's address is 4704 Cahaba River Rd, Vestavia Hills, AL 35243. This location presents a unique chance to establish or expand a business within a thriving retail environment. The available space is ideal for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,120,000
      6.5%
      $6,570,000
      7%
      $6,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7378
    Latitude
    33.4323
    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
    $58,151
    $348,480
    $499,100
    $847,580
    -
    $1,742,400
    $2,495,500
    $4,237,900

    Comparable in this City

    • Value Estimation
      $4,845,000
      29,036 SF

      2409 Acton Rd

      SHOPPING CENTER, STRIP CENTER • 29,036 SF
      2409 Acton Rd, Vestavia, AL 35243-2940
      View Details
    • Value Estimation by Request
      24,320 SF

      4835 Cahaba Riv Rd

      SHOPPING CENTER, STRIP CENTER • 24,320 SF
      4835 Cahaba Riv Rd, Vestavia, AL 35243-2314
      View Details
    • Value Estimation
      $570,000
      5,487 SF

      4232 Dolly Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 5,487 SF
      4232 Dolly Rdg Rd, Vestavia, AL 35243-5746
      View Details
    • Value Estimation
      $6,300,000
      48,625 SF

      2532 Rocky Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 48,625 SF
      2532 Rocky Rdg Rd, Birmingham, AL 35243
      View Details
    • Value Estimation by Request
      2,937 SF

      4317 Dolly Ridge Rd

      Neighborhood centers • 2,937 SF
      4317 Dolly Ridge Rd, Vestavia Hills, AL 35243
      View Details
    • Value Estimation
      $5,455,000
      34,974 SF

      117 Smt Blvd

      REGIONAL SHOPPING CENTER, MALL • 34,974 SF
      117 Smt Blvd, Vestavia, AL 35243-3166
      View Details

    Similar Nearby for Sale

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      Comfortable condo with modern amenities, convenient location, and creek view.
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    • Contact for pricing
      33.00 Acres

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      Stunning townhome with walkability and high-end finishes in Vestavia Hills.
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      1.3 acre residential lot in desirable Vestavia Hills neighborhood.
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    Similar Nearby for Lease

    • $37 SF/Yr
      11,091 SF

      Vestavia Hills Retail Space For Lease

      Class A Retail, High Visibility, 11,091 SF
      3965 Crosshaven Dr, Vestavia Hills, AL 35243
      View Details
    • $21 SF/Yr

      Retail/Office Space Near Vestavia

      Retail or office space available near Vestavia Hills High School.
      2496 Rocky Ridge Rd, Birmingham, AL 35243
      View Details
    • $32 SF/Yr
      7,350 SF

      Prime Retail and Office Center

      Retail and office spaces in high-demand, accessible location.
      4911 Cahaba River Rd, Birmingham, AL 35243
      View Details
    • $24 SF/Yr
      145,715 SF

      Executive Office Suites, Hoover

      Class A Office Space, Flexible Sizes
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    • $23 SF/Yr
      148,964 SF

      Prime Birmingham Office Space

      Class A Office Suites, 913-19,607 SF
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      View Details
    • $19 SF/Yr
      1,722 SF

      Executive Office Suite Vestavia Hills

      Prime Vestavia Hills office space available.
      2496 Rocky Rdg Rd, Vestavia Hills, AL 35243
      View Details
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    4704 Cahaba Riv Rd
    Birmingham, AL 35243-2344
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    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
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