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Property profile & analytics
OFF-MARKET
Garden apartment buildings
826 1st W St Birmingham, AL 35204-3123
Entity Owned
2-yr Hold
Property ID
US03-0273336
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1957
Total area
5,399 SF
Lot
0.92 ac (40,000 SF)
Zoning code
R5
APN
22-00-34-1-030-001.000
UPID
US03-0273336
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Birmingham 24 LLC · 2 yrs held
Birmingham 24 LLC
since 2023
7 recorded transactions
Zoning & alternative use
R5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,268
Tax year 2022
Assessed value
$259,980
Assessed 2023
Previous assessed
$72,660
+257.8% YoY
Effective rate
2.03%
On assessed value
Assessed land
$23,315
Assessed improvement
$236,665
Land market value
$44,400
Improvement market value
$450,700
Total market value
$495,100
Applied tax rate
36.0000
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
1957
Heating
NONE
Cooling
NONE
Stories
1
Rooms
28
Bathrooms
3
Total area
5,399 SF
Lot
0.92 ac (40,000 SF)
Zoning code
R5
APN
22-00-34-1-030-001.000
UPID
US03-0273336
Jurisdiction
JEFFERSON
Zoning & alternative use
R5 · Birmingham, AL
Zoning R5 · permitted uses
R5 · 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
1957
Heating
NONE
Cooling
Yes
Stories
1
Rooms
28
Bathrooms
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
Birmingham 24 LLC
Entity
Mailing address
2900 FIDLER AVE, LONG BEACH, CA 90815-1043
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Birmingham 24 LLC
Michael A Baum
Warranty Deed
$917,949 · Lima One Capital
Oct 31, 2022
$1,481,625
Michael A Baum
2008 14th Avenue LLC
Warranty Deed
$666,316 · 2008 14th Avenue
Apr 22, 2022
—
2008 14th Avenue LLC
—
Deed
related
$752,659 · Oakworth Capital Bank
Nov 23, 2020
—
2008 14th Avenue LLC
—
Deed
$470,000 · Schrage LLC
Nov 9, 2020
$358,000
Bohannon LLC
A Butters Dream INC
Warranty Deed
—
Feb 18, 2020
—
Butlers Dream INC
—
Deed
related
$301,683 · Walker Family Holdings Ltd
Jul 26, 2019
—
A Butlers Dream INC
—
Deed
related
$350,000 · Magic City Props LLC
Dec 18, 2018
$287,857
A Butlers Dream INC
Clark,j S M
Warranty Deed
$287,857 · J S M Clark
Nov 21, 2001
—
J S Messer
Clark,h G
Grant Deed
related
—
Apr 1, 1997
$125,000
New Owner
Molay,charkie D
Grant Deed
related
—
—
—
2008 14th Avenue LLC
—
Deed Of Trust
$470,000 · Schrage LLC
—
—
A Butlers Dream INC
—
Deed Of Trust
related
$350,000 · Magic City Props LLC
—
—
Butlers Dream INC
—
Deed Of Trust
related
$301,683 · Walker Family Holdings Ltd
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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