608 31ST STREET, Birmingham, AL 35203
Mixed Use - BIRMINGHAM, AL
- Added:
- May 6, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 21 at 7:06 am
Property Features for 608 31ST STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- M-2
- Parking features
- Unassigned
- Standard status
- Active
- Size
- 3,304 SF
- Lot size
- 1.00 Acre
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1956
- Flooring type
- Concrete, Tile, Vinyl
- Building materials
- Block, Brick, Concrete, Stone
- Architectural style
- Other
Listing agent Chris Mallery (205) 821-2751
Listing office Keller Williams Metro South 224 1st Street N Ste 225, Alabaster, AL (205) 605-1000
Listing date May 6, 2026
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
- Prime location in the heart of Birmingham, experiencing continued growth and redevelopment.
- M‑2 heavy industrial zoning allows for a wide range of potential uses including restaurant, flex industrial, contractor bays, and industrial outdoor storage.
- Approximately 1 acre of land.
- Freestanding commercial property, offering flexibility and independence.
- Existing ±3,304 SF building on site.
- Opportunity for investors, owner‑users, or developers.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.5k | $18.00 |
| − Vacancy | −$4.8k | −$1.44 |
| EGI | $54.7k | $16.56 |
| − OpEx | −$13.7k | −$4.14 |
| NOI | $41.0k | $12.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.794362
- Latitude
- 33.526529
