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    Property profile & analytics

    5368 Balboa Ave Pinson, AL 35126

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0747740
    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

    • Residential income homes

    Property Details for 5368 Balboa Ave

    Property type
    Residential income homes

    Description

    This exceptional seven-unit single-family rental portfolio presents a compelling value-add investment opportunity. Located across multiple cities and counties in central Alabama, including Pinson, Dixiana, Birmingham, Center Point, and Anniston, this portfolio boasts 100% occupancy and a strong pro-forma NOI of $76,751, translating to a 7.14% pro-forma cap rate. The portfolio comprises seven individual buildings, each a single-family residence, with an average price per unit of $153,571.43. The asking price for the entire portfolio is $1,075,000. Prior to current occupancy, the homes underwent repairs, minimizing deferred maintenance. However, there remains potential for further value enhancement through market rent adjustments on long-term tenants. This diversified portfolio mitigates typical landlord risks by offering a spread of home values and tenant demographics across various municipalities within a robust Alabama rental market. The properties are classified as Class B multifamily investments. Specific addresses are available upon request. This is an ideal acquisition for both seasoned investors seeking portfolio expansion and new investors building their initial holdings.

    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
    Pinson
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.642628701631
    Latitude
    33.664031762253

    Comparable in this City

    • Contact for pricing

      Mobile Home on Large Acreage

      Four-bedroom mobile home on over 10 acres.
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      Prime Pinson Residential Land

      22 Acres, Level Lot, Great Location
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      0.47 Acres

      Residential Lot in Pinson, AL

      Flat lot in a desirable neighborhood, ready for new construction.
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      Church and Buildings in Pinson

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      0.47 Acres

      Residential Land in Pinson, Alabama

      Residential land with mature trees, convenient location in Pinson.
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    • $696,000
      80.00 Acres

      80 Acres Near Trussville

      80+/- acres in Pinson, AL, near Highway 75 and Trussville.
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      Mobile Home on Large Acreage

      Four-bedroom mobile home on over 10 acres.
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      22.00 Acres

      Prime Pinson Residential Land

      22 Acres, Level Lot, Great Location
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    • $450,000
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      Land on Highway 75

      2.6 acres of commercial land with utilities.
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    • $125,000
      20.00 Acres

      20 Acres in Pinson, AL

      20 acres suitable for commercial or residential development in Pinson.
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      PINSON, AL Acreage Opportunity

      12.8 acres of land for residential development in PINSON, AL.
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      0.78 Acres

      Vacant Lot in Cul-de-Sac

      Vacant lot in a cul-de-sac, perfect for building a home.
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      10,310 SF

      Deerfoot Medcentre: Pinson Office Space

      Prime Medical Office Space Available in Pinson, AL
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      7,600 SF

      Pinson Warehouse: 7,600 SF Available

      Large warehouse, ideal for various uses.
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      Retail Space Available Near Aldi

      32,949 SF sublease opportunity with high visibility.
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    5368 Balboa Ave
    Pinson, AL 35126
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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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