Office-Retail Mixed-Use
For Sale
Contact for pricing
1108 GRANTS MILL ROAD, Irondale, AL 35210
Updated workspace combines three private offices with a reception and shared work area, with C-1 zoning.
Property Size1,100 SF
Price / SF$1.82
Days on Market32
Property Features for 1108 GRANTS MILL ROAD
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Office
Zoning
C-1
Site & Location
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office/Retail
Amenities
main-road signage
Building Details
Building Size
1,100 SF
Year Built
1953
Listing Agency:
Jemison Realty Company 1
Listed By:
Phil Dorn · License #000008037
(205) 222-1250
Source:
Rightspacecre
Added: Oct 1
Changed: Oct 31
Last Checked: Oct 31 at 3:21AM
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 Jemison Realty Company 1
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,100-square-foot office-retail property was built in 1953 and has been updated. Its interior includes three private offices, a reception area, and additional workspace. C-1 zoning supports its stated office and retail configuration.
The property fronts Grants Mill Road within the Grants Mill Corridor, which connects I-20 and I-459. Reported daily traffic ranges from 10,000 to 15,000 vehicles, and main-road signage is present.
The property fronts Grants Mill Road within the Grants Mill Corridor, which connects I-20 and I-459. Reported daily traffic ranges from 10,000 to 15,000 vehicles, and main-road signage is present.
Key Highlights
- 1,100‑square‑foot office‑retail property with C‑1 zoning
- Updated interior with 3 private offices, reception, and workspace
- Located on Grants Mill Road in the corridor connecting I‑20 and I‑459
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,580
$81.6K
Cap Rate 7%
$58,271
$58.3K
Cap Rate 9%
$45,322
$45.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$7.4K $6.72/SF
− Vacancy
−$865 −$0.79/SF
EGI
$6.5K $5.93/SF
− OpEx
−$2.4K −$2.23/SF
NOI
$4.1K $3.71/SF
Area
Jefferson County, AL
Vacancy
11.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,580
Cap Rate 7%
$58,271
Cap Rate 9%
$45,322
Alternative Uses
Best Use
Office B
$276.9K
$242.3K – $323.1K
NOI $19,385 @ 7.0% cap · market cap 969.25%
Second Best
Mixed Use
$58.3K
$51.0K – $68.0K
NOI $4,079 @ 7.0% cap · market cap 203.95%
Theoretical Best
Office A
$378.4K
$331.1K – $441.5K
NOI $26,490 @ 7.0% cap · market cap 1,324.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 35210, AL
14,344
Population
7,204
Households
2
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
24.9 sq mi
ZIP Area
576
Density / Sq Mi
$72,632
Median Household Income
$48,194
Median Earnings
$1,164
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated workspace combines three private offices with a reception and shared work area, with C-1 zoning.
Where is this mixed-use property located?
The property is located at 1108 GRANTS MILL ROAD Irondale, AL.
What are key features of this property?
This property features: 1,100‑square‑foot office‑retail property with C‑1 zoning; Updated interior with 3 private offices, reception, and workspace; Located on Grants Mill Road in the corridor connecting I‑20 and I‑459
