Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6001 1st N Ave Birmingham, AL 35212-1609

    • Office properties & Spaces
    • 4,356 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2025
    $443,800
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0821786
    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

    • B ELITE SUITES / Barber Shop
    • Much up catering / Catering Service / Take-out & Catering
    • Beautiful Barbering B•A•B•E• / Barber Shop
    • Crowe Tom CPA / Accounting Firm / Tax Preparation
    • Seventh and Luxe Hair & Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 6001 1st N Ave

    Year built
    1979
    Lot size
    0.98 lot acres
    Property size
    4,356 SF
    Zone code
    B2
    Property type
    Office properties & Spaces
    APN
    23-00-21-1-020-005.000
    APU
    2300211020005000

    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
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7467
    Latitude
    33.5443
    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
    $6,435
    $38,300
    $69,900
    $108,200
    -
    $191,500
    $349,500
    $541,000

    Comparable in this City

    • Value Estimation by Request
      870 SF

      4516 Richard Arrington Jr N Blvd

      OFFICE (GENERAL) • 870 SF
      4516 Richard Arrington Jr N Blvd, Birmingham, AL 35212-1302
      View Details
    • Value Estimation
      $520,000
      3,164 SF

      5221 1st N Ave

      OFFICE (GENERAL) • 3,164 SF
      5221 1st N Ave, Birmingham, AL 35212-3105
      View Details
    • Value Estimation by Request
      1,012 SF

      6701 Kimberly Ave

      OFFICE (GENERAL) • 1,012 SF
      6701 Kimberly Ave, Birmingham, AL 35212-2055
      View Details
    • Value Estimation by Request
      960 SF

      5501 Messer Airport Hwy

      OFFICE (GENERAL) • 960 SF
      5501 Messer Airport Hwy, Birmingham, AL 35212-1531
      View Details
    • Value Estimation by Request
      2,290 SF

      5229 1st N Ave

      OFFICE (GENERAL) • 2,290 SF
      5229 1st N Ave, Birmingham, AL 35212-3105
      View Details
    • Value Estimation by Request
      1,548 SF

      5333 1st N Ave

      OFFICE (GENERAL) • 1,548 SF
      5333 1st N Ave, Birmingham, AL 35212-2401
      View Details

    Similar Nearby for Sale

    • $50,000
      0.18 Acres

      Crestwood North Building Opportunity

      Lot available in Crestwood North, minutes from downtown Birmingham.
      6015 5Th Ave, Birmingham, AL 35212
      View Details
    • $4,335,000

      Birmingham Warehouse with Covered Loading

      62,750 SF warehouse with covered loading area for sale.
      802 41St St N, Birmingham, AL 35212
      View Details
    • $97,000
      Pending

      Birmingham Duplex: Fixer-Upper Opportunity

      Two-bedroom duplex in prime location, ideal for renovation.
      120-22 59Th St, Birmingham, AL 35212
      View Details
    • $399,900
      1,658 SF

      Birmingham Automotive/Commercial Opportunity

      Commercial property suitable for auto sales, service, or other ventures.
      5547 1St Ave, Birmingham, AL 35212
      View Details
    • $199,000
      0.50 Acres

      Birmingham Commercial Land Investment

      Half-acre lot, high-growth potential.
      4401 14Th Ave, Birmingham, AL 35212
      View Details
    • $55,000
      0.18 Acres

      Residential Lot in Crestwood North

      Residential lot for sale in Birmingham's Crestwood North neighborhood.
      6019 5Th Ave, Birmingham, AL 35212
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6001 1st N Ave
    Birmingham, AL 35212-1609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!