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    Property profile & analytics

    505 8th S St Bessemer, AL 35020-6324

    • Investment properties
    • 1,356 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 12, 2021
    $18,000
    Location Intelligence
    Property ID
    US03-0717175
    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

    • Investment properties

    Property Details for 505 8th S St

    Year built
    1950
    Lot size
    0.22 lot acres
    Property size
    1,356 SF
    Zone code
    R2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    38-00-16-1-037-007.000
    APU
    3800161037007000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9531
    Latitude
    33.3853
    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
    $522
    $2,820
    $6,640
    $9,460
    -
    $14,100
    $33,200
    $47,300

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

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      OFFICE/RESIDENTIAL (MIXED USE) • 1,980 SF
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      View Details
    • Value Estimation by Request
      3,000 SF

      105 19th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      105 19th N St, Bessemer, AL 35020-5030
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    • Value Estimation by Request
      1,500 SF

      1008 19th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,500 SF
      1008 19th N St, Bessemer, AL 35020
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    • Value Estimation by Request
      1,958 SF

      511 19th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,958 SF
      511 19th N St, Bessemer, AL 35020-4822
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    • Value Estimation by Request
      12,480 SF

      1912 19th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,480 SF
      1912 19th N St, Bessemer, AL 35020-8835
      View Details
    • Value Estimation by Request
      7,000 SF

      1917 2nd N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,000 SF
      1917 2nd N Ave, Bessemer, AL 35020-4946
      View Details

    Similar Nearby for Sale

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      Spacious lot for building a dream home near local amenities.
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      Residential Land in Gadsden, AL

      Land available in Gadsden, Alabama, great investment opportunity!
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      Land available for sale.
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    Similar Nearby for Lease

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    • $4 SF/Yr

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    • $3 SF/Yr
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    505 8th S St
    Bessemer, AL 35020-6324
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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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