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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Grocery and convenience stores
7701 1st N Ave Birmingham, AL 35206-4310
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0675112
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Total area
2,835 SF
Lot
1.03 ac (45,041 SF)
Zoning code
CB2
APN
23-00-15-1-002-004.000
UPID
US03-0675112
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
Current use
Occupant on record · Public records
-
ATM Circle K Atm Bank
-
bp Gas Station
-
Circle K Grocery & Convenience Store
-
Maya Financial Services & Bitcoin ATM Atm Currency Exchange Service
-
Cash2Bitcoin Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Lgp Realty Holdings LP · 5 yrs held
Lgp Realty Holdings LP
since 2020
Last sale
$720,000
2 recorded transactions
Zoning & alternative use
CB2 · 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
Method
Estimation
Statistic approach
$435,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $720k (Oct 29 2024)
Last sale anchor
$720k
Oct 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$205 / 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
$12,654
Tax year 2022
Assessed value
$204,940
Assessed 2023
Previous assessed
$174,540
+17.4% YoY
Effective rate
6.17%
On assessed value
Assessed land
$49,560
Assessed improvement
$155,380
Land market value
$247,800
Improvement market value
$776,900
Total market value
$1,024,700
Applied tax rate
32.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,835 SF
Lot
1.03 ac (45,041 SF)
Zoning code
CB2
APN
23-00-15-1-002-004.000
UPID
US03-0675112
Jurisdiction
JEFFERSON
Zoning & alternative use
CB2 · Birmingham, AL
Zoning CB2 · permitted uses
CB2 · 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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Lgp Realty Holdings LP
Entity
Free & Clear · 5 yrs held
Mailing address
600 HAMILTON ST, ALLENTOWN, PA 18101-2105
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2020
$604,110
Lgp Realty Holdings LP
Circle K Stores INC
Grant Deed
—
Aug 1, 1992
$762,400
Shop-a-snak Food Mart INC
Unknown
Grant Deed
—
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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