Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    748 Lomb SW Ave Birmingham, AL 35211
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    748 Lomb SW Ave Birmingham, AL 35211

    View on Map
    • Banks
    • 1,747 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Mar 29, 2021
    $275,000
    Property ID
    US03-0338671
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BBQ Sam’s (B'ham) / Restaurant

    Property Details for 748 Lomb SW Ave

    Year built
    1980
    Lot size
    0.37 lot acres
    Property size
    1,747 SF
    Zone code
    B2
    Property type
    Banks
    APN
    29-00-03-2-015-016.000
    APU
    2900032015016000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8477
    Latitude
    33.5002
    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
    $2,691
    $9,600
    $36,820
    $46,420
    -
    $48,000
    $184,100
    $232,100

    Comparable in this City

    • Value Estimation by Request
      6,014 SF

      110 Frankfurt Cir

      FINANCIAL BUILDING • 6,014 SF
      110 Frankfurt Cir, Birmingham, AL 35211-6967
      View Details
    • Value Estimation by Request
      6,078 SF

      1200 Tuscaloosa SW Ave

      FINANCIAL BUILDING • 6,078 SF
      1200 Tuscaloosa SW Ave, Birmingham, AL 35211-1928
      View Details
    • Value Estimation by Request
      2,424 SF

      621 6th SW St

      GROCERY, SUPERMARKET • 2,424 SF
      621 6th SW St, Birmingham, AL 35211
      View Details
    • Value Estimation by Request
      3,150 SF

      402 Tuscaloosa SW Ave

      GROCERY, SUPERMARKET • 3,150 SF
      402 Tuscaloosa SW Ave, Birmingham, AL 35211-1453
      View Details
    • Value Estimation
      $4,040,000
      13,386 SF

      668 Lomb SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,386 SF
      668 Lomb SW Ave, Birmingham, AL 35211-1330
      View Details
    • Value Estimation by Request
      1,860 SF

      1844 Jefferson SW Ave

      CONVENIENCE STORE • 1,860 SF
      1844 Jefferson SW Ave, Birmingham, AL 35211-4132
      View Details

    Similar Nearby for Sale

    • $225,000
      0.62 Acres

      Birmingham Retail Investment Opportunity

      Three buildings on one parcel: store, car wash, barber shop.
      2 Southpark Rd, Birmingham, AL 35211
      View Details
    • Contact for pricing
      0.22 Acres

      Equipped Salon Space Available

      Fully equipped salon space for immediate operation in Birmingham, AL.
      400 Tuscaloosa Ave, Birmingham, AL 35211
      View Details
    • $350,000
      0.67 Acres

      Retail Property Near Lawson College

      Retail property package deal near Lawson Community College in Birmingham.
      3000 33Rd St, Birmingham, AL 35211
      View Details
    • $250,000
      0.96 Acres

      Retail Opportunity in Birmingham, AL

      Retail property for sale in Birmingham, Alabama.
      4 SW Cotton Ave, Birmingham, AL 35211
      View Details
    • $350,000
      2,264 SF

      Prime Real Estate Investment Opportunity

      Four-parcel package deal near Lawson Community College.
      3000 33Rd St SW, Birmingham, AL 35211
      View Details
    • $53,940
      2.00 Acres

      Industrial Land on Ishkooda Road

      2.1 acres of industrial land for sale in Birmingham.
      2321 Ishkooda Rd, Birmingham, AL 35211
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Birmingham

      Commercial land available for lease near golf and residential areas.
      2860 Lakeshore Pkwy, Birmingham, AL 35211
      View Details
    • $8 SF/Yr

      Retail Center Near Downtown Birmingham

      Neighborhood retail center with ample parking and upgraded features.
      873 Dennison Ave Southwest, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Retail Space Near Downtown Birmingham

      Neighborhood retail center with ample parking and upgraded features.
      873 Dennison Ave SW, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Birmingham Warehouse with Fenced Yard

      Crane-served warehouse with fenced storage in Birmingham's Southwest industrial corridor.
      607 Goldwire Way SW, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Birmingham Warehouse Complex for Lease

      300,000 SF warehouse complex with convenient I-65 access.
      103 Shades Creek Cir, Birmingham, AL 35211
      View Details
    • $7 SF/Yr

      Functional Industrial Property with Truck Court

      Well-maintained industrial property with convenient interstate access and large truck court.
      250 Lyon Ln, Birmingham, AL 35211
      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.
    748 Lomb SW Ave
    Birmingham, AL 35211
    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!