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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Garden apartment buildings
952 Pike Rd Birmingham, AL 35218-3189
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-0444778
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1930
Total area
3,156 SF
Lot
0.75 ac (32,764 SF)
Zoning code
R5
APN
30-00-01-4-041-007.000
UPID
US03-0444778
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
$560k
CAP Approach
CAP
$350k
Comparable Approach
Comparable
$457k
Blend (final)
Blend
$555k
Owner & transaction history
Zatara LLC · 3 yrs held
Zatara LLC
since 2023
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
R5 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$855,000
+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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$380,000
6.5%
$350,000
7%
$325,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$635,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$530,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $700k (Jun 12 2023)
Last sale anchor
$700k
Jun 12 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
$176 / 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
$7,022
Tax year 2022
Assessed value
$80,580
Assessed 2023
Previous assessed
$96,860
-16.8% YoY
Effective rate
8.71%
On assessed value
Assessed land
$9,440
Assessed improvement
$71,140
Land market value
$47,200
Improvement market value
$355,700
Total market value
$402,900
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
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
1930
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
8
Bathrooms
3
Total area
3,156 SF
Lot
0.75 ac (32,764 SF)
Zoning code
R5
APN
30-00-01-4-041-007.000
UPID
US03-0444778
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
MEDICAL BUILDING
Est. value
$560,000
OFFICE BUILDING
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS) Current
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
1930
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
3
Lot
0.75 ac
Current owner
From public records · entity-resolved
Zatara LLC
Entity
Mailing address
PO BOX 610819, BIRMINGHAM, AL 35261-0819
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$35,000
Zatara LLC
Morfaith Properties LLC
Quit Claim Deed
related
$76,700 · Rcn Capital
Aug 30, 2022
$624,000
Zatara LLC
Fh Lend LLC
Quit Claim Deed
related
$750,000 · Cadence Bank
Jul 22, 2021
$700,000
Fh Lend LLC
Vincent Alfano
Warranty 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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