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Property profile & analytics
OFF-MARKET
Turn key restaurants
6420 Georgia Rd Birmingham, AL 35212-2724
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US03-3111431
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
1,882 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R4
APN
23-00-22-2-026-004.000
UPID
US03-3111431
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
by Request
Owner & transaction history
Larry V Heath · 11 yrs held
Larry V Heath
since 2014
5 recorded transactions
Zoning & alternative use
R4 · 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
—
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
$592
Tax year 2022
Assessed value
$9,340
Assessed 2023
Previous assessed
$8,160
+14.5% YoY
Effective rate
6.34%
On assessed value
Assessed land
$5,060
Assessed improvement
$4,280
Land market value
$25,300
Improvement market value
$21,400
Total market value
$46,700
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,882 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R4
APN
23-00-22-2-026-004.000
UPID
US03-3111431
Jurisdiction
JEFFERSON
Zoning & alternative use
R4 · Birmingham, AL
Zoning R4 · permitted uses
R4 · 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
1930
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Larry V Heath
Individual
Mailing address
204 36TH AVE NE, CENTER POINT, AL 35215-1316
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2014
$45,293
Larry V Heath
Nalls,jo A L T
Warranty Deed
$41,793 · Jo A L T Nalls
Feb 24, 2010
—
Lanier,joel E & Ervin
Owner Name Unavailable
Grant Deed
related
—
Oct 13, 2004
$7,000
Lanier,joel E & Ervin
Derrico,robert
Warranty Deed
$7,000 · Robert Derrico
Jan 1, 1991
$15,000
Robert Derrico
—
Deed Of Trust
related
—
—
—
Lanier,joel E & Ervin
—
Deed Of Trust
related
$22,360 · 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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