Highway Frontage Retail/Office
For Sale
$3,750,000
5235 Highway 280, Birmingham, AL 35242
Two-story building on Highway 280, ideal for retail or office.
Property Size12,000 SF
Lot Size0.96 Acres
Price / SF$312.50
Days on Market217
Property Features for 5235 Highway 280
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.96 Acres
Property subtype
Office
Listed By:
Sam Carroll, SIOR
(205) 871-7100
Source:
Grahamcompany
Added: Mar 6
Changed: Jul 10
Last Checked: Oct 7 at 9:38AM
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 Sam Carroll, SIOR
Investment Insights
Based on property information with market context.
This two-story brick building, constructed in 2000, is situated as an outparcel to Brook Highland Plaza, a 549,466 square foot regional power center. It is also located across US Highway 280 from Meadow Brook Corporate Park. The property, suitable for retail or office use, features direct frontage on US Highway 280. The 12,000 square foot building is positioned on a 0.96-acre lot and is zoned C-2. The building includes large, open meeting areas, private offices, a conference room, a break room/kitchen, and a shower. It also has pole signage facing US Highway 280. Parking is provided by 51 spaces, including two handicap spaces. Brook Highland Plaza is anchored by retailers such as Lowes, Best Buy, Ulta, Home Goods, Michaels, and Petco. Meadow Brook Corporate Park across the highway is a Class A office park with 843,500 square feet of space. The property benefits from high traffic volume, with over 82,000 vehicles per day on US Highway 280.
Key Highlights
- Direct frontage on US Hwy. 280 with over 82,000 VPD
- Outparcel within Brook Highland Plaza, a 549,466 SF power center anchored by major retailers
- Zoned C‑2, allowing for retail or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,126
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,882,520
$2.9M
Cap Rate 7%
$2,058,943
$2.1M
Cap Rate 9%
$1,601,400
$1.6M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$244.8K $20.40/SF
− Vacancy
−$52.6K −$4.39/SF
EGI
$192.2K $16.01/SF
− OpEx
−$48.0K −$4.00/SF
NOI
$144.1K $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%
$2,882,520
Cap Rate 7%
$2,058,943
Cap Rate 9%
$1,601,400
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,126 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,165 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Office building - Two-story building on Highway 280, ideal for retail or office.
Where is this office building located?
The property is located at 5235 Highway 280 Birmingham, AL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Direct frontage on US Hwy. 280 with over 82,000 VPD; Outparcel within Brook Highland Plaza, a 549,466 SF power center anchored by major retailers; Zoned C‑2, allowing for retail or office use
