Versatile Commercial Building For
For Sale
$999,000
212 N 23rd N Street, Birmingham, AL 35203
Adaptable commercial building with subdivision potential and private entrance.
Property Size4,000 SF
Lot Size0.05 Acres
Price / SF$249.75
Days on Market975
Property Features for 212 N 23rd N Street
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.05 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1960
Listing Agency:
JRC Realty Group, Inc.
(205) 531-4957
Listed By:
Alvin Johnson · License #8067-1
(205) 531-4957
Source:
Exitrealty
Added: Nov 28, 2023
Changed: Jul 6
Last Checked: Jul 30 at 7:21AM
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 JRC Realty Group, Inc.
Investment Insights
Based on property information with market context.
This commercial building offers approximately 4,000 square feet of flexible space suitable for various uses. The building can be subdivided to accommodate multiple tenants or uses. The second floor features a private entrance, providing independent access. Interior walls on both the first and second floors are non-load-bearing, allowing for customizable layouts and flexible space configurations. This property is located in Birmingham, AL.
Key Highlights
- Building can be subdivided
- All interior walls are non‑loadbearing upstairs and downstairs, offering flexible layout options
- Second floor has a private entrance
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 | $81.6k | $20.40 |
| − Vacancy | −$17.5k | −$4.39 |
| EGI | $64.1k | $16.01 |
| − OpEx | −$16.0k | −$4.00 |
| NOI | $48.0k | $12.01 |
4,000 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$686.3K
$600.5K – $800.7K
NOI $48,042 @ 7.0% cap · market cap 4.81%
Second Best
Flex RnD
$555.4K
$485.9K – $647.9K
NOI $38,875 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,569
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35203, AL
3,595
Population
2,114
Households
1.7
Avg Household Size
37
Median Age
41%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
1,712
Density / Sq Mi
$46,829
Median Household Income
$51,183
Median Earnings
$954
Median Rent
$288,600
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- B3 Catering — 4744 Avenue S, Birmingham, AL 35208
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with subdivision potential and private entrance.
Where is this flex space located?
The property is located at 212 N 23rd N Street Birmingham, AL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Building can be subdivided; All interior walls are non‑loadbearing upstairs and downstairs, offering flexible layout options; Second floor has a private entrance
