Renovated Multi-Tenant Homewood
1625 Oxmoor Rd Homewood, AL 35209
1625 Oxmoor Rd, Homewood, AL, 35209
$2,100,000
For Sale
$2,100,000
Fully renovated multi-tenant building in prime Homewood location.
Property Size3,917 SF
Price / SF$536.12
Days on Market138
Property Features for 1625 Oxmoor Rd
General Information
- Standard status
- Active
- Size
- 3,917 SF
- Property subtype
- Office
Building Details
- Year Built
- 1952
Listing agency
(229) 343-0167
Listed by
Walter Kelley
(229) 343-0167
Source
Acrerep
Added: Mar 6 Updated: Jul 10 at 3:48PM Checked: Jul 21 at 6:24AM
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 Walter Kelley
Investment Insights
Based on property information with market context.
This 3,917 square foot multi-tenant building, originally constructed in 1952 and fully renovated in 2023, offers an investment opportunity in Homewood. The property is configured for multiple tenants, including Homebase Private Offices and Beignet & Brews, providing a mix of office and retail uses. Homebase Offices features five fully furnished private offices in an elevated co-working space. Beignet & Brews offers New Orleans style beignets, coffee, and beer. Located in the heart of Homewood, the area provides a walkable environment suitable for offices and retail, with a variety of dining, shopping, and service options. The location is minutes from Downtown Birmingham, offering access to major employers and business districts, while maintaining a close-knit community atmosphere. Homewood Central Park provides green space, and Downtown Homewood features additional restaurants and shops. The property offers immediate income potential and long-term stability, with flexible layouts and a tenant mix appealing to both office and retail users.
Key Highlights
- Prime location in the heart of Homewood, offering a vibrant, walkable environment with convenient access to dining, shopping, and services.
- Fully renovated in 2023, combining timeless character with modern updates.
- Multi‑tenant building with established tenancy, including Homebase Private Offices and Beignet & Brews, providing immediate income potential.
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 | $103.9k | $26.52 |
| − Vacancy | −$11.8k | −$3.02 |
| EGI | $92.0k | $23.50 |
| − OpEx | −$23.0k | −$5.87 |
| NOI | $69.0k | $17.62 |
3,917 SF · lease $26.52/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$986.1K
$862.8K – $1.15M
NOI $69,027 @ 7.0% cap · market cap 3.29%
Second Best
Specialty Retail
$837.3K
$732.6K – $976.8K
NOI $58,609 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,327 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coworking space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully renovated multi-tenant building in prime Homewood location.
Where is this mixed-use property located?
The property is located at 1625 Oxmoor Rd Homewood, AL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime location in the heart of Homewood, offering a vibrant, walkable environment with convenient access to dining, shopping, and services.; Fully renovated in 2023, combining timeless character with modern updates.; Multi‑tenant building with established tenancy, including Homebase Private Offices and Beignet & Brews, providing immediate income potential.
