Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Garden apartment buildings
7731 3rd S Ave Birmingham, AL 35206-6319
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0675499
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Total area
8,184 SF
Lot
1.28 ac (55,670 SF)
Zoning code
CR6
APN
23-00-14-2-016-004.000
UPID
US03-0675499
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
$910k
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.35M
Owner & transaction history
98 East LLC · 6 yrs held
98 East LLC
since 2020
6 recorded transactions
Zoning & alternative use
CR6 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+35.6%
Neighborhood: shopping center
$2.2M
+34.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,650,000
Current use
RESTAURANT
$2,240,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,210,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,455,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$1,370,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10%
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
$164 / 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
$12,181
Tax year 2022
Assessed value
$224,180
Assessed 2023
Previous assessed
$168,020
+33.4% YoY
Effective rate
5.43%
On assessed value
Assessed land
$22,280
Assessed improvement
$201,900
Land market value
$111,400
Improvement market value
$1,009,500
Total market value
$1,120,900
Applied tax rate
37.0000
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
1965
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
9
Bathrooms
4
Total area
8,184 SF
Lot
1.28 ac (55,670 SF)
Zoning code
CR6
APN
23-00-14-2-016-004.000
UPID
US03-0675499
Jurisdiction
JEFFERSON
Zoning & alternative use
CR6 · Birmingham, AL
Zoning CR6 · permitted uses
CR6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
4
Lot
1.28 ac
Current owner
From public records · entity-resolved
98 East LLC
Entity
Mailing address
615 BROOKLANE DR UNIT #3423, HUEYTOWN, AL 35023-4033
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2020
$2,940,000
98 East LLC
A & M Properties LLC
Grant Deed
$3,150,000 · Patch Of Land Lndg
Jul 19, 2018
$644,500
A & M Properties LLC
Luther,mark T & Amy
Warranty Deed
—
May 12, 1997
$480,000
T Luther Mark
Mark,t Luther
Grant Deed
related
—
May 1, 1997
$480,000
New Owner
Mark,t Luther
Grant Deed
related
—
—
—
210 At Fairfield LLC
—
Deed Of Trust
related
$500,000 · Korth Direct Mtg LLC
—
—
210 At Fairfield LLC
—
Deed Of Trust
related
$6,142,500 · Korth Direct Mtg LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7731 3rd S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
