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Property profile & analytics
OFF-MARKET
Estimated value
$6,175,000
Garden apartment buildings
801 Park Brk Trl Birmingham, AL 35215-3916
Entity Owned
4-yr Hold
Property ID
US03-1028827
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
32,412 SF
Lot
4.06 ac (176,636 SF)
Zoning code
R4
APN
12-00-17-4-000-052.000
UPID
US03-1028827
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
$7.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.15M
Blend (final)
Blend
$6.18M
Owner & transaction history
Center Point Borrower 1 LLC · 4 yrs held
Center Point Borrower 1 LLC
since 2022
Last sale
$330
4 recorded transactions
Zoning & alternative use
R4 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+35.6%
Neighborhood: shopping center
$8.8M
+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
$7,350,000
ML approach
$7,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,535,000
Current use
RESTAURANT
$8,860,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,760,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$5,770,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$5,420,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$6.18M
Range $5.56M – $6.79M · ±10% · vs last sale $330 (Jun 18 2025)
Last sale anchor
$330
Jun 18 2025
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
$191 / 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
$54,330
Tax year 2022
Assessed value
$1,819,020
Assessed 2023
Previous assessed
$1,084,440
+67.7% YoY
Effective rate
2.99%
On assessed value
Assessed land
$53,000
Assessed improvement
$1,766,020
Land market value
$265,000
Improvement market value
$8,830,100
Total market value
$9,095,100
Applied tax rate
1.0000
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
1974
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
32
Bathrooms
66
Total area
32,412 SF
Lot
4.06 ac (176,636 SF)
Zoning code
R4
APN
12-00-17-4-000-052.000
UPID
US03-1028827
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.5M
RESTAURANT
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
32
Bathrooms
66
Lot
4.06 ac
Current owner
From public records · entity-resolved
Center Point Borrower 1 LLC
Entity
Mailing address
15 W 27TH ST FL, NEW YORK, NY 10001-8010
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$9,331,000
Center Point Borrower 1 LLC
Pb Apts LLC
Warranty Deed
$35,345,000 · Tilden Park Domestic Lending Sbc I
Apr 27, 2020
$5,700,000
Pb Apts LLC
Roco-park Brook LLC
Grant Deed
$5,000,000 · Arbor Realty SR
Nov 23, 2010
—
Parkbrook Ptrs LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 18, 2010
—
Fannie,mae
Owner Name Unavailable
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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