Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2010 Old Montgomery Hwy Birmingham, AL 35244

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    7,200 SF flex space with office and warehouse areas.

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Walter Kelley
    Source: Acrerep

    Listing Agent: Walter Kelley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Flex Space for Lease

    This 7,200 SF flex space provides a functional and efficient layout, featuring approximately 40% office and 60% warehouse space. The office area includes multiple private offices, an open work area, and a reception space. The warehouse portion is equipped with three dock-high doors and one drive-in door with a ramp, facilitating loading, unloading, and logistics management. The property is suited for light industrial, service, or distribution users. The location benefits from proximity to I-65, I-459, and Highway 31. The surrounding area includes industrial, office, and service-oriented businesses. Nearby points of interest include the Riverchase Galleria, Regions Bank Operations Center, UAB Medical West Hoover, and multiple national retailers and restaurants. The location offers access to Birmingham’s central business district and surrounding suburban markets, making it suitable for companies seeking connectivity and workforce accessibility.
    Location Intelligence

    Current Use by Public Records

    TIME MACHINE (Bike/Boat/Book/etc) Store modular furniture specialists General Contractor Pet Stop Pet ... General Contractor Autumn Air Home ... Hardware & Home Improvement Pet Stop General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.803009
    Latitude
    33.351681

    Nearby Similar for Lease

    • Contact for pricing

      Perimeter Park

      Discover many ways to work your way in Perimeter Park
      1 Perimeter Park, Birmingham, AL 35243
      View Details
    • Contact for pricing

      Perimeter Park

      Discover many ways to work your way in Southbridge
      2100 Southbridge Pkwy, Birmingham, AL 35209
      View Details
    • Sponsored
      Contact for pricing

      Meadow Brook

      Discover many ways to work your way in Reston Town Center I
      Birmingham, AL 35242
      View Details
    • Sponsored
      Contact for pricing

      AL Birmingham Regus Shipt Tower

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      420 Birmingham St, Birmingham, AL 35203
      View Details
    • Contact for pricing

      Chase Corporate Center

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      1 Chase Corporate Dr, Birmingham, AL 35244
      View Details
    • Contact for pricing

      AL, Birmingham - 1st Ave N

      Workspaces, services and support to help you work better in Coral Gables
      2129 1St Ave, Birmingham, AL 35203
      View Details
    • $7 SF/Yr
      12,250 SF

      Updated Warehouse and Office Space

      Spacious warehouse with modern office, ideal for industrial uses.
      4263 Underwood Industrial Dr, Birmingham, AL 35210
      View Details
    • $7 SF/Yr
      13,200 SF

      Renovated Office and Warehouse Space

      Updated office and warehouse with expansion potential in East Birmingham.
      4227 Underwood Industrial Dr, Birmingham, AL 35210
      View Details
    • $4 SF/Yr
      22,995 SF

      Adaptable Flex Space Near Downtown

      Versatile flex property with recent upgrades, ideal for various businesses.
      1318 1St Ave North, Birmingham, AL 35203
      View Details
    • $12 SF/Yr
      3,500 SF

      Historic Office Suite in Birmingham

      Historic office suite in vibrant downtown Birmingham district for rent.
      2218 2Nd Ave N, Birmingham, AL 35203
      View Details
    • $32 SF/Yr
      52,286 SF

      Industrial Chic Office Space Available

      Unique office space in vibrant location with on-site amenities.
      1143 1St Ave S, Birmingham, AL 35233
      View Details
    • $25 SF/Yr
      15,699 SF

      Class A Office Space Available

      Centrally located, renovated office spaces with downtown views and free parking.
      2120 16Th Ave S, Birmingham, AL 35205
      View Details

    FAQs

    What type of property is this?
    Flex space - 7,200 SF flex space with office and warehouse areas.
    Where is this flex space located?
    The property is located at 2010 Old Montgomery Hwy Birmingham, AL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - 7,200 SF flex space with a versatile layout.; - Excellent proximity to major transportation routes (I-65, I-459, Highway 31).; - Warehouse equipped with three dock-high doors and one drive-in door.
    (229) 343-0167
    Request Owner's contact information
    2010 Old Montgomery Hwy Birmingham, AL 35244
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2010 Old Montgomery Hwy
    Birmingham, AL 35244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2010 Old Montgomery Hwy Birmingham, AL 35244
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Walter Kelley
    (229) 343-0167
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!