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    5705 Chalkville Rd Birmingham, AL 35235-8627
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    5705 Chalkville Rd Birmingham, AL 35235-8627

    View on Map
    • Retail space
    • 13,579 SF
    • 2.34 lot acres
    Off-Market
    Property ID
    US03-0164151
    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
    $1,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CDReload - Online Bitcoin ATM / Currency Exchange Service / Money Transfer Service
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • CVS/Pharmacy / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • CVS / Pharmacy

    Property Details for 5705 Chalkville Rd

    Year built
    2007
    Lot size
    2.34 lot acres
    Property size
    13,579 SF
    Zone code
    CI
    Property type
    Retail space
    APN
    12-00-15-2-000-002.002
    APU
    1200152000002002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,210,000
      6.5%
      $2,040,000
      7%
      $1,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,569,000
      Market price range: $459k - $2.57M
      AI Estimate
      $1,340,000
      Market price range: $223k - $1.34M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,660,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,740,000
      Change: +65% Conversion: Difficult
      MEDICAL BUILDING
      $2,415,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $2,270,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,185,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,390,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.6341
    Latitude
    33.6482
    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
    $23,203
    $203,860
    $297,920
    $501,780
    -
    $1,019,300
    $1,489,600
    $2,508,900

    Comparable in this City

    • Value Estimation
      $1,940,000
      28,322 SF

      3260 Morrow Rd

      RETAIL STORES (PERSONAL SERVICES) • 28,322 SF
      3260 Morrow Rd, Birmingham, AL 35235-3124
      View Details
    • Value Estimation by Request
      1,176 SF

      4441 Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,176 SF
      4441 Vly Rd, Birmingham, AL 35235-8602
      View Details
    • Value Estimation by Request
      56,002 SF

      260 Gadsden Hwy

      Individual retail properties • 56,002 SF
      260 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • Value Estimation
      $2,205,000
      15,103 SF

      5947 Chalkville Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,103 SF
      5947 Chalkville Rd, Birmingham, AL 35235
      View Details
    • Value Estimation by Request
      6,250 SF

      1800 Tin Valley Cir

      Individual retail properties • 6,250 SF
      1800 Tin Valley Cir, Birmingham, AL 35235
      View Details
    • Value Estimation
      $10,715,000
      152,043 SF

      1885 Edwards Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 152,043 SF
      1885 Edwards Lk Rd, Birmingham, AL 35235-2762
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Trussville Retail Opportunity For Sale

      Prime retail location with drive-thru and ample parking.
      5905 Trussville Crossings Blvd, Trussville, AL 35235
      View Details
    • $4,980,000
      8,696 SF

      Birmingham Vascular Surgery Center For Sale

      NNN leased vascular surgery center with value-add opportunity.
      1112 Gene Reed Rd, Birmingham, AL 35235
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      Medical Office Space Near Hospital

      Medical office space with easy access and hospital connection.
      52 Medical Park Dr E, Birmingham, AL 35235
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      Office Space in Birmingham, AL

      Office suite featuring reception area, executive office, and flexible space.
      3644 Vann Rd, Birmingham, AL 35235
      View Details
    • Contact for pricing
      0.35 Acres

      Residential Lot in Birmingham

      0.35-acre lot in a peaceful Birmingham neighborhood.
      1863 Sweetbriar Ln, Birmingham, AL 35235
      View Details
    • $395,000
      0.97 Acres

      Commercial Land in Birmingham, AL

      Commercial land available in Birmingham, suitable for various professional uses.
      3745 Mary Taylor Rd, Birmingham, AL 35235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space in Growing Suburb

      Retail space available in a rapidly growing Birmingham suburb.
      5899 Trussville Crossings Pkwy, Birmingham, AL 35235
      View Details
    • Contact for pricing

      Retail Space on Highway 11

      Highly visible retail space with convenient highway access and parking.
      1430 Gadsden Hwy, Trussville, AL 35235
      View Details
    • Contact for pricing

      Retail Space in Trussville

      Retail space in a high-traffic shopping center.
      2050 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • Contact for pricing

      Retail Pad Site in Trussville

      Ground lease opportunity in Trussville, Alabama near major retailers.
      5900 Chalkville Mountain Rd, Birmingham, AL 35235
      View Details
    • Contact for pricing

      Dominant Retail Node in Trussville

      Retail spaces in a nationally tenanted shopping center.
      5919 Trussville Crossings Pkwy, Birmingham, AL 35235
      View Details
    • Contact for pricing
      6,000 SF

      Gadsden Hwy Retail Space For Lease

      Prime Birmingham Retail Opportunity: 6,000 sq ft.
      1830 Gadsden Hwy, Birmingham, AL 35235
      View Details
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    Birmingham, AL 35235-8627
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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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