Turnkey Office Condo For
122 Edenton St Birmingham, AL 35242
122 Edenton St, Birmingham, AL, 35242
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For Sale
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Office condo in desirable Birmingham professional corridor, excellent accessibility.
Property Size2,760 SF
Price / SF$162.68
Days on Market165
Property Features for 122 Edenton St
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing Agency
Ironvest Partners
Listed by
Harris Snipes · License #000155004
Source
Crexi
Added: Feb 5 Updated: Jul 6 at 12:32 pm Checked: Jul 20 at 7:02 am
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.3k | $20.40 |
| − Vacancy | −$12.1k | −$4.39 |
| EGI | $44.2k | $16.01 |
| − OpEx | −$11.0k | −$4.00 |
| NOI | $33.1k | $12.01 |
2,760 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breck Price: Allstate ...
Insurance Agency
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FAQs
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.
