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    Property profile & analytics

    Birmingham, AL 35211

    • Garden apartment buildings
    • 8,940 SF
    • 10.60 lot acres
    OFF-MARKET
    Value Estimations
    $2,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2852389
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details

    Year built
    1952
    Lot size
    10.60 lot acres
    Property size
    8,940 SF
    Zone code
    R5
    Property type
    Garden apartment buildings
    APN
    29-00-03-4-009-001.003
    APU
    2900034009001003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,800,000
      Current use
      RESTAURANT
      $2,445,000
      Change: +36% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,415,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,695,000
      Change: -6% Conversion: Moderate
      MEDICAL BUILDING
      $1,590,000
      Change: -12% Conversion: Moderate
      OFFICE BUILDING
      $1,495,000
      Change: -17% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8369
    Latitude
    33.4952
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $35,967
    $1,490,413
    $1,526,380
    -
    $307,400
    $12,738,000
    $13,045,400

    Comparable in this City

    • Value Estimation
      $1,970,000
      30,424 SF

      2850 Venice Rd

      GARDEN APT, COURT APT (5+ UNITS) • 30,424 SF
      2850 Venice Rd, Birmingham, AL 35211-6203
      View Details
    • Value Estimation
      $575,000
      10,680 SF

      1529 Tuscaloosa SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 10,680 SF
      1529 Tuscaloosa SW Ave, Birmingham, AL 35211-2649
      View Details
    • Value Estimation
      $695,000
      9,296 SF

      1213 Tuscaloosa SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 9,296 SF
      1213 Tuscaloosa SW Ave, Birmingham, AL 35211
      View Details
    • Value Estimation
      $1,025,000
      11,778 SF

      500 Tuscaloosa SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 11,778 SF
      500 Tuscaloosa SW Ave, Birmingham, AL 35211-1670
      View Details
    • Value Estimation
      $2,185,000
      31,686 SF

      2420 Pearson SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 31,686 SF
      2420 Pearson SW Ave, Birmingham, AL 35211-3438
      View Details
    • Value Estimation by Request
      4,900 SF

      1028 Elm SW St

      GARDEN APT, COURT APT (5+ UNITS) • 4,900 SF
      1028 Elm SW St, Birmingham, AL 35211-3371
      View Details

    Similar Nearby for Sale

    • $394,900

      Birmingham Multifamily Investment Opportunity

      Rare 10-bedroom multifamily property with massive upside potential in Birmingham.
      1409 Tuscaloosa Ave, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Birmingham Multifamily Investment Opportunity

      40-unit multifamily property in Birmingham, Alabama, built in 1966.
      625 Goldwire Pl SW, Birmingham, AL 35211
      View Details
    • Contact for pricing
      35,740 SF

      46-Unit Multifamily Investment Opportunity

      Stabilized 46-unit multifamily property master leased to non-profit organization.
      739 Mcmillon Ave, Birmingham, AL 35211
      View Details
    • $50,000
      0.22 Acres

      Vacant Lot Ready For Redevelopment

      Vacant lot suitable for redevelopment in Birmingham, Alabama.
      2622 Pearson Ave, Birmingham, AL 35211
      View Details
    • Contact for pricing
      0.31 Acres

      Land For Sale, Birmingham, AL

      0.31 acre commercial land for sale in Birmingham, AL.
      2423 SW Lee Ave SW, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Prime Oxmoor Valley Development Opportunity

      Commercial land for sale in growing Oxmoor Valley area.
      2550 Goss St, Birmingham, AL 35211
      View Details

    Similar Nearby for Lease

    • $71 SF/Yr
      81,840 SF

      Oxmoor Warehouse: Huge Sublease Opportunity

      81,470 SF Warehouse, Prime Location
      300 Industrial Dr, Birmingham, AL 35211
      View Details
    • $8 SF/Yr

      Retail Center Near Downtown Birmingham

      Neighborhood retail center with ample parking and upgraded features.
      873 Dennison Ave Southwest, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Functional Industrial Building in Birmingham

      4,500 SF industrial space for lease in Oxmoor Industrial Park.
      249 Lyon Ln, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Cold Storage Distribution Facility

      404,675 SF bulk cold storage and distribution facility for rent.
      400 Industrial Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Medical Office on Hospital Campus

      Medical office building with direct access to Princeton Baptist Medical
      832 Princeton Ave Southwest, Birmingham, AL 35211
      View Details
    • Contact for pricing

      60,000 SF Freestanding Industrial Building

      60,000 SF industrial building with trailer parking and outside storage.
      440 Industrial Ln, Birmingham, AL 35211
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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