Historic Office
New
For Sale
$749,000
1109 22nd Street South, Birmingham, AL 35205
Renovated in 2016, the property combines private offices and open workspace with a separate apartment.
Property Size5,010 SF
Days on Market2
Property Features for 1109 22nd Street South
General Information
Standard status
Active
Size
5,010 SF
Class
B
Property subtype
Office
Building Details
Building Size
5,010 SF
Year Built
1911
Year Renovated
2016
Listed By:
Harris Snipes · License #AL #000155004 - 1
(205) 440-5475
Source:
Ironvestpartners
Added: Oct 19
Last Checked: Oct 19 at 2:35PM
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 Harris Snipes
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Investment Insights
Based on property information with market context.
Built in 1911 and renovated in 2016, this office building features a mix of 6–7 private offices and open workspace. Interior details include hardwood floors, oversized windows, original architectural elements, high ceilings, and abundant natural light. Suites range from 1,750 SF to 5,010 SF and are available for sale or lease.
A separate one-bedroom Airbnb apartment has private rear access. The property is a few blocks from UAB and UAB St. Vincent’s, with Downtown Birmingham, Homewood, Mountain Brook, and Vestavia Hills minutes away. Nearby office users include medical, legal, technology, and professional firms.
A separate one-bedroom Airbnb apartment has private rear access. The property is a few blocks from UAB and UAB St. Vincent’s, with Downtown Birmingham, Homewood, Mountain Brook, and Vestavia Hills minutes away. Nearby office users include medical, legal, technology, and professional firms.
Key Highlights
- Constructed in 1911; renovated in 2016
- Office layout includes 6–7 private offices and open workspace
- Suites range from 1,750 SF to 5,010 SF; available for sale or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,173
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,460
$1.2M
Cap Rate 7%
$859,614
$859.6K
Cap Rate 9%
$668,589
$668.6K
Market Conditions
NOI Build-Up for 5,010 SF
Gross rent
$102.2K $20.40/SF
− Vacancy
−$22.0K −$4.39/SF
EGI
$80.2K $16.01/SF
− OpEx
−$20.1K −$4.00/SF
NOI
$60.2K $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%
$1,203,460
Cap Rate 7%
$859,614
Cap Rate 9%
$668,589
Alternative Uses
Best Use
Office B
$859.6K
$752.2K – $1.00M
NOI $60,173 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$830.9K
$727.1K – $969.4K
NOI $58,166 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,316 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,565
Businesses Nearby
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Business Placement
Demographics for 35205, AL
20,137
Population
11,908
Households
1.7
Avg Household Size
30
Median Age
56%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
5,442
Density / Sq Mi
$49,194
Median Household Income
$35,230
Median Earnings
$1,005
Median Rent
$292,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office building - Renovated in 2016, the property combines private offices and open workspace with a separate apartment.
Where is this office building located?
The property is located at 1109 22nd Street South Birmingham, AL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Constructed in 1911; renovated in 2016; Office layout includes 6–7 private offices and open workspace; Suites range from 1,750 SF to 5,010 SF; available for sale or lease
