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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Garden apartment buildings
601 Vly Ave Birmingham, AL 35209-3342
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0509265
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
15,972 SF
Lot
1.9 ac (82,808 SF)
Zoning code
B2
APN
29-00-14-1-001-002.000
UPID
US03-0509265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Tyh Northway 1 LLC Etal · 4 yrs held
Tyh Northway 1 LLC Etal
since 2022
Last sale
$1,000
7 recorded transactions
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Birmingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Birmingham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$26,235
Tax year 2022
Assessed value
$466,160
Assessed 2023
Previous assessed
$361,860
+28.8% YoY
Effective rate
5.63%
On assessed value
Assessed land
$91,080
Assessed improvement
$375,080
Land market value
$455,400
Improvement market value
$1,875,400
Total market value
$2,330,800
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
20
Bathrooms
11
Total area
15,972 SF
Lot
1.9 ac (82,808 SF)
Zoning code
B2
APN
29-00-14-1-001-002.000
UPID
US03-0509265
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Birmingham, AL
Zoning B2 · permitted uses
B2 · Birmingham, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
20
Bathrooms
11
Lot
1.9 ac
Current owner
From public records · entity-resolved
Tyh Northway 1 LLC Etal
Entity
Free & Clear · 4 yrs held
Mailing address
NEW CITY, NY 10956
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$1,000
Tyh Northway 1 LLC Etal
Tyh Birmingham 2 LLC
Warranty Deed
—
Oct 25, 2021
$12,185,874
2700 At Homewood LLC
Tyh Northway 1 LLC
Warranty Deed
—
Oct 25, 2021
$9,814,126
513 At Valley LLC
Tyh Northway 1 LLC
Warranty Deed
—
Oct 22, 2021
—
Tyh Northway 1 LLC Etal
Tyh Birmingham 2 LLC
Warranty Deed
—
Jun 30, 2020
$6,763,000
Simon Frederick Management LLC
Roco Fox Valley Apartments LLC
Grant Deed
—
Sep 20, 2019
—
Roco-crestview LLC
—
Grant Deed
related
$33,500,000 · Ladder Cap Fin
Dec 1, 2017
—
Roco Fox Valley Apartments LLC
—
Loan Modification
related
$200,000,000 · Federal Hm Ln Mtg
Apr 3, 2017
—
Roco Fox Valley Apartments LLC
—
Grant Deed
related
$175,000,000 · Federal Hm Ln Mtg
Apr 22, 2014
$500,000
Roco Fox Valley Apartments LLC
Fox Valley Partners LLC
Warranty Deed
related
—
Mar 11, 2009
—
Fox Vly Ptrs LLC
Owner Name Unavailable
Grant Deed
related
—
Apr 1, 2004
—
Ritch,joe H
Landmark Associates LLC
Warranty Deed
related
—
—
—
601 Valley LLC
—
Deed Of Trust
related
$2,440,000 · Wachovia Bk/sc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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