Open-Plan Office
For Sale
$239,000
1012 Edenton Street, Birmingham, AL 35242
Vacant condominium office with a breakroom, natural light, and convenient access to Highway 280.
Property Size1,460 SF
Days on Market112
Property Features for 1012 Edenton Street
General Information
Standard status
Active
Size
1,460 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Building Size
1,460 SF
Listing Agency:
Red Rock Realty Group
Listed By:
Billy Hiden, CCIM · License #AL000107291
(205) 918-0335
Source:
Redrockrg
Added: Jun 25
Changed: Oct 1
Last Checked: Oct 12 at 6:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Rock Realty Group
Investment Insights
Based on property information with market context.
This vacant office condominium at 1012 Edenton Street features an open-plan layout, abundant natural light, and a dedicated breakroom. The space is move-in ready and suited to an owner-user or investor seeking an office asset in the Inverness area.
Edenton Village combines approximately 300 homes with approximately 24 office condominiums. The property is positioned near Highway 280, The Summit, and local amenities, providing access to established residential and commercial surroundings.
Edenton Village combines approximately 300 homes with approximately 24 office condominiums. The property is positioned near Highway 280, The Summit, and local amenities, providing access to established residential and commercial surroundings.
Key Highlights
- Vacant office condominium with move‑in‑ready condition
- Open‑plan interior with abundant natural light
- Dedicated breakroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,535
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,700
$350.7K
Cap Rate 7%
$250,500
$250.5K
Cap Rate 9%
$194,833
$194.8K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$29.8K $20.40/SF
− Vacancy
−$6.4K −$4.39/SF
EGI
$23.4K $16.01/SF
− OpEx
−$5.8K −$4.00/SF
NOI
$17.5K $12.01/SF
Area
Birmingham, AL
Vacancy
21.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,700
Cap Rate 7%
$250,500
Cap Rate 9%
$194,833
Alternative Uses
Best Use
Office B
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.7K
$299.9K – $399.8K
NOI $23,988 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Vacant condominium office with a breakroom, natural light, and convenient access to Highway 280.
Where is this office units located?
The property is located at 1012 Edenton Street Birmingham, AL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Vacant office condominium with move‑in‑ready condition; Open‑plan interior with abundant natural light; Dedicated breakroom included
