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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Garden apartment buildings
7760 2nd N Ave Birmingham, AL 35206
Individually Owned
2-yr Hold
Property ID
US03-0506637
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1948
Total area
7,217 SF
Lot
1.97 ac (85,726 SF)
Zoning code
QB2
APN
23-00-10-4-021-003.002
UPID
US03-0506637
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
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.22M
Owner & transaction history
Sells Bargains · 2 yrs held
Sells Bargains
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
QB2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+35.6%
Neighborhood: shopping center
$2.0M
+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
$1,900,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,455,000
Current use
RESTAURANT
$1,975,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,950,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.37M (Nov 14 2023)
Last sale anchor
$2.37M
Nov 14 2023
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
$307 / 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
$18,770
Tax year 2022
Assessed value
$473,800
Assessed 2023
Previous assessed
$258,900
+83.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$47,540
Assessed improvement
$426,260
Land market value
$237,700
Improvement market value
$2,131,300
Total market value
$2,369,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
9
Bathrooms
6
Total area
7,217 SF
Lot
1.97 ac (85,726 SF)
Zoning code
QB2
APN
23-00-10-4-021-003.002
UPID
US03-0506637
Jurisdiction
JEFFERSON
Zoning & alternative use
QB2 · Birmingham, AL
Zoning QB2 · permitted uses
QB2 · 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
$1.5M
RESTAURANT
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
6
Lot
1.97 ac
Current owner
From public records · entity-resolved
Sells Bargains
Individual
Mailing address
28 KELLIE ANN CT, ORINDA, CA 94563-3206
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$2,369,000
Sells Bargains
Coweezy Group LLC
Warranty Deed
$2,050,000 · First Technolgy Federal Credit Unio
Apr 27, 2022
$2,425,000
Coweezy Group LLC
Community Gardens LLC
Warranty Deed
$2,311,250 · Churchill Funding I
Oct 2, 2015
$323,000
Community Gardens LLC
Fairwood Homes LLC
Quit Claim Deed
related
—
Apr 10, 2015
$225,000
Fairwood Homes LLC
Holliday Esther
Warranty Deed
$135,000 · Esther Holiday
Nov 29, 2010
—
Riverfront 56 LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 31, 2008
—
Suncherleg LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Community Gardens LLC
—
Deed Of Trust
related
$1,579,798 · Southern Sts Bk
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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