For Sale
$3,452,352
1 1St St, Birmingham, AL 35206
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Property Size52,352 SF
Price / SF$65.94
Days on Market401
Property Features for 1 1St St
General Information
Standard status
Active
Property type
Automotive properties, Gas stations, Retail properties & Spaces
Size
52,352 SF
Listed By:
Hubert Blaine Wolfeschlegelsteinhausenbergerdorf
(342) 342-3423
Added: Sep 9, 2025
Changed: Mar 16
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,635
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,812,700
$4.8M
Cap Rate 7%
$3,437,643
$3.4M
Cap Rate 9%
$2,673,722
$2.7M
Market Conditions
NOI Build-Up for 52,352 SF
Gross rent
$376.9K $7.20/SF
− Vacancy
−$33.2K −$0.63/SF
EGI
$343.8K $6.57/SF
− OpEx
−$103.1K −$1.97/SF
NOI
$240.6K $4.60/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,812,700
Cap Rate 7%
$3,437,643
Cap Rate 9%
$2,673,722
Alternative Uses
Best Use
Specialty Retail
$9.29M
$8.13M – $10.84M
NOI $650,212 @ 7.0% cap · market cap 18.83%
Second Best
Retail
$7.31M
$6.40M – $8.53M
NOI $511,657 @ 7.0% cap · market cap 14.82%
Theoretical Best
Office A
$12.29M
$10.75M – $14.34M
NOI $860,164 @ 7.0% cap · market cap 24.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35206, AL
15,648
Population
7,967
Households
2
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
10.1 sq mi
ZIP Area
1,549
Density / Sq Mi
$39,051
Median Household Income
$28,665
Median Earnings
$990
Median Rent
$122,500
Median Home Value
Market
Vacancy Rate% for Retail in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1179 16th Ave Thomas, Birmingham, AL 35204
- U-Haul Neighborhood Dealer — 1515 Bankhead Hwy W, Birmingham, AL 35214
- U-Haul Neighborhood Dealer — 490 Forestdale Blvd, Birmingham, AL 35214
Frequently Asked Questions
What type of property is this?
Automotive property - Provide detailed description about your property. For security reasons, we reserve the right not to display external links to other websites. If you need to place such link or for any other assistance, please contact support@realmo.com.
Where is this automotive property located?
The property is located at 1 1St St Birmingham, AL.
What is the asking price?
The asking price for this property is $3,452,352.
