Building Details

Year Built 1934

Listing Agency: Keller Williams Metro North

Listed By: Lelia Snelson · License #115843 Show Phone

Source: Alrealtorgroup

Added: Jul 20 Changed: Sep 13 Last Checked: Oct 12 at 9:14PM

Report an Issue

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 Keller Williams Metro North

Investment Insights

Based on property information with market context.

This gas station property dates to 1934 and occupies a corner lot at 1501 19th Street Ensley in Birmingham, Alabama. The existing improvements previously supported three commercial functions: a gas station, grill, and tire shop.

The property offers a foundation for a future use aligned with the gas station classification, subject to the buyer’s plans and applicable approvals. Its corner positioning provides two-sided street exposure, while the established Birmingham address places the site within an existing urban setting.

Key Highlights

• Corner‑lot position at 1501 19th Street Ensley, Birmingham, AL 35218
• Built in 1934
• Previously operated as a gas station, grill, and tire shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,065

Cap Rate

6.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$101,300 $101.3K

Cap Rate 7%

$72,357 $72.4K

Cap Rate 9%

$56,278 $56.3K

Market Conditions

NOI Build-Up for 1,102 SF

Gross rent

$7.9K $7.20/SF

− Vacancy

−$698 −$0.63/SF

EGI

$7.2K $6.57/SF

− OpEx

−$2.2K −$1.97/SF

NOI

$5.1K $4.60/SF

Area

Birmingham, AL

Vacancy

8.80%

Lease Rate

$7.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$101,300

Cap Rate 7%

$72,357

Cap Rate 9%

$56,278

Alternative Uses

Best Use

Specialty Retail

$195.5K

$171.1K – $228.1K (±1% cap)

NOI $13,687 @ 7.0% cap · market cap 18.25%

Second Best

Retail

$153.9K

$134.6K – $179.5K (±1% cap)

NOI $10,770 @ 7.0% cap · market cap 14.36%

Theoretical Best

Office A

$258.7K

$226.3K – $301.8K (±1% cap)

NOI $18,106 @ 7.0% cap · market cap 24.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Gym & Fitness Center Electrical Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

557

Businesses Nearby

19k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

10,184 visits/mo 0.4 miles

Dollar General Shops & Services

8,029 visits/mo 0.3 miles

Regions Bank Shops & Services

1,140 visits/mo 0.5 miles

Demographics for 35218, AL

6,521

Population

3,274

Households

2

Avg Household Size

42

Median Age

9%

College-Educated

82%

High-School Grad

2.6 sq mi

ZIP Area

2,508

Density / Sq Mi

$30,966

Median Household Income

$22,331

Median Earnings

$897

Median Rent

$79,500

Median Home Value

Market

Vacancy Rate% for Retail in Birmingham, AL

8.1% 2019

7.3% 2020

6.4% 2021

5.9% 2022

5% 2023

6% 2024

6.1% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this gas stations located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Updated Storefront Retail Property

8004 2nd Ave S, Birmingham, AL 35206

$155,000

1,440 SF

View details

Former Gas Station with Underground Tanks

4607 5th Ave S, Birmingham, AL 35222

Contact for pricing

1,146 SF

View details

Restaurant Building with Prep Area

5303 1st Ave, Birmingham, AL 35212

$175,000

1,767 SF

View details

Retail Space with Two Entrances

3937 Pinson Valley Pkwy, Birmingham, AL 35217

$64,800

3,600 SF

View details

Freestanding Restaurant with Screened Patio

4105 4th Ave, Birmingham, AL 35222

$150,000

2,500 SF

View details

Three-Building Mixed-Use Property

1488 Pearson SW Avenue, Birmingham, AL 35211

$125,000

4,033 SF

View details

Corner Convenience Store

4012 24th St, Birmingham, AL 35207

Contact for pricing

1,993 SF

View details

Automotive Service Building

1581 Center Point Parkway, Birmingham, AL 35215

$249,500

3,352 SF

View details

Single-Story Storefront Property

1715 Avenue F, Birmingham, AL 35218

$59,900

13,400 SF

View details

Freestanding Storefront with Drive-Through

9190 Parkway E, Birmingham, AL 35206

Contact for pricing

1,836 SF

View details

Church's Chicken NNN Drive-Through Property

1428 Forestdale Blvd, Birmingham, AL 35214

$1,400,000

2,730 SF

View details

Provide detailed description about your property. For security reasons, we reserve the right not to display external links to other websites. If you need to place such link or for any other assistance

1 1St St, Birmingham, AL 35206

$523,523

252 SF

View details

Frequently Asked Questions

What type of property is this?

Gas station - Existing improvements previously accommodated fueling, food service, and tire-service operations.

Where is this gas station located?

The property is located at 1501 19th Street Ensley Birmingham, AL.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: Corner‑lot position at 1501 19th Street Ensley, Birmingham, AL 35218; Built in 1934; Previously operated as a gas station, grill, and tire shop