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    B2 Retail Lots With Onsite Parking Title is generated by Realmo AI

    2610 BESSEMER ROAD lot 2610 2508, Birmingham, AL 35208

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    For Sale
    $229,900

    LAND - BIRMINGHAM, AL

    Property size:
    2,450 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $93/SF
    Added:
    Jun 30, 2024
    Days on Market:
    705
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 2610 BESSEMER ROAD lot 2610 2508

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B2
    Standard status
    Active
    APN
    29-00-05-4-003-004.000
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    POB 174 FT NE OF THE E INTER OF WARRIOR RD & AVE Y TH NE 116 FT ALG WARRIOR RD TH SE 33 FT S TO BESS RD TH SW 116.1 FT ALG BESS RD TH N W 30 FT S TO POB

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Wayne Goodrich

    Listing agent Wayne Goodrich License #130041

    Listing office Fathom Realty AL LLC 1 Perimeter Park S Suite 100 N, Office 148, Birmingham, AL

    Listing date Jun 30, 2024

    MLS# 21391468 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two prime retail lots sold together on a busy 4‑lane main thoroughfare with over 25,000 cars daily passing by
    • Opportunity to run 2 businesses: each unit has 1,225 SF on its own level with separate entrance, signage, and parking
    • New roof and A/C installed in 2021
    • Cable available; served by public water
    • Fenced storage shed on the lot could be converted into parking for 1 or 2 businesses (subject to offers)

    Overview

    This sale includes two prime retail lots being sold together. The configuration described by the owner supports the possibility of operating two separate businesses, each on its own level with its own entrance, signage, and parking. Updates include a new roof and A/C installed in 2021. One lot includes a fenced storage shed, which the owner notes could be repurposed as part of expanding parking for one or two businesses, depending on the final site plan.

    The properties are positioned on a very busy 4-lane main thoroughfare, with more than 25,000 cars daily driving by the location, according to the seller. The site is right next to the Crossplex, providing consistent visibility from passing traffic. The smaller lot to the left is also available for offers, per the seller, which may allow buyers to refine the overall footprint and parking layout.

    For retail operators or investors seeking flexibility, the B2 zoning and the described ability to support separate street-level identities make these lots worth a closer look. The current improvements and 2021 HVAC and roof updates can reduce near-term capital concerns while planning future build-out or parking changes. If you need an arrangement that supports two concepts or separates front-door branding, this pair of lots is laid out to accommodate that discussion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8728887
    Latitude
    33.4999732

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    FAQs

    What type of property is this?
    Commercial land - Two B2 retail lots on a busy 4-lane thoroughfare, offering separate entrances and parking potential for multiple tenants.
    Where is this commercial land located?
    The property is located at 2610 BESSEMER ROAD lot 2610 2508 Birmingham, AL.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Two prime retail lots sold together on a busy 4‑lane main thoroughfare with over 25,000 cars daily passing by; Opportunity to run 2 businesses: each unit has 1,225 SF on its own level with separate entrance, signage, and parking; New roof and A/C installed in 2021
    (205) 401-3813
    We can help!
    Listing Contact
    Wayne Goodrich
    Real Estate License ID: 130041
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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.

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