Turnkey Office Condo For
For Sale
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122 Edenton St, Birmingham, AL 35242
Office condo in desirable Birmingham professional corridor, excellent accessibility.
Property Size2,760 SF
Price / SF$162.68
Days on Market255
Property Features for 122 Edenton St
General Information
Standard status
Active
Size
2,760 SF
Class
B
Property subtype
Office
Zoning
PO (Professional Office)
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Listing Agency:
Ironvest Partners
Listed By:
Harris Snipes · License #000155004
Source:
Crexi
Added: Feb 5
Changed: Oct 15
Last Checked: Oct 16 at 5:58AM
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 Ironvest Partners
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Investment Insights
Based on property information with market context.
This office condo offers an ownership opportunity in a sought-after professional corridor of Birmingham. The property features a well-maintained space with an efficient layout suitable for various business uses. It is located within a manicured office park that includes direct front-door parking. Situated just off Highway 280, the property provides accessibility and visibility in a fast-growing submarket characterized by strong fundamentals and ongoing development. The property has a size of 2760 square feet.
Key Highlights
- Highly desirable location in a sought‑after professional corridor of Birmingham.
- Turnkey office condo, ready for immediate occupancy.
- Excellent accessibility and visibility just off Highway 280.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,149
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,980
$663.0K
Cap Rate 7%
$473,557
$473.6K
Cap Rate 9%
$368,322
$368.3K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$56.3K $20.40/SF
− Vacancy
−$12.1K −$4.39/SF
EGI
$44.2K $16.01/SF
− OpEx
−$11.0K −$4.00/SF
NOI
$33.1K $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%
$662,980
Cap Rate 7%
$473,557
Cap Rate 9%
$368,322
Alternative Uses
Best Use
Office B
$473.6K
$414.4K – $552.5K
NOI $33,149 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.8K
$566.9K – $755.8K
NOI $45,348 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
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 units - Office condo in desirable Birmingham professional corridor, excellent accessibility.
Where is this office units located?
The property is located at 122 Edenton St Birmingham, AL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Highly desirable location in a sought‑after professional corridor of Birmingham.; Turnkey office condo, ready for immediate occupancy.; Excellent accessibility and visibility just off Highway 280.
