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    Center Point Business Park Portfolio Title is generated by Realmo AI

    1515 Huffman Rd, Center Point, AL 35215

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    For Sale
    $200,000

    Four-building, 34,834 SF office portfolio in Center Point, Alabama.

    Type:Office
    Property size:
    34,834 SF
    Price / SF:
    $5/SF
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 15 at 8:01 pm

    Property Features for 1515 Huffman Rd

    General Information

    Standard status
    Active
    Size
    34,834 SF
    Property subtype
    Office

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Jalen L. Martin

    Listing agent Jalen L. Martin License #FL: SL3575552

    Listing office Fort Lauderdale Office

    Listing date Apr 15, 2026

    Source Marcusmillichap

    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 Fort Lauderdale Office

    HighLights

    • Value‑add opportunity through lease‑up of vacant suites and potential rent growth.
    • Recent $120,000 roof replacement across all four buildings within the past five years.
    • Located in an established Birmingham submarket with a dense residential base.
    • Flexible suite configurations appealing to a wide range of tenants.
    • Solid physical foundation with durable concrete improvements.
    • Serves a population of 94,406 with an average household income of $65,283 within a 5‑mile radius.

    Overview

    Center Point Business Park is a four-building portfolio totaling approximately 34,834 square feet, located at 1512, 1516 Center Point Pkwy, and 1513, 1515 Huffman Road in Center Point, Alabama. The property is 55% occupied. Constructed with concrete, the property has undergone approximately $120,000 in roof replacements across all four buildings within the past five years. The property has been in operation since the 1970s. The property offers flexible suite configurations and appeals to a range of small business and professional tenants. This location in eastern Jefferson County offers access to a dense residential base within the Birmingham-Hoover MSA. The area benefits from its proximity to downtown Birmingham and diverse employment drivers, including healthcare, advanced manufacturing, logistics, and industrial users. The location supports demand for retail, service-oriented commercial uses, and workforce-housing-adjacent investment. The property is located in an area that serves 94,406 individuals with an average household income of $65,283 within a 5-mile radius, supporting demand for medical, office, and professional services.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Center Point
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.6865256
    Latitude
    33.6257098

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    FAQs

    What type of property is this?
    Office building - Four-building, 34,834 SF office portfolio in Center Point, Alabama.
    Where is this office building located?
    The property is located at 1515 Huffman Rd Center Point, AL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Value‑add opportunity through lease‑up of vacant suites and potential rent growth.; Recent $120,000 roof replacement across all four buildings within the past five years.; Located in an established Birmingham submarket with a dense residential base.
    (954) 245-3581
    We can help!
    Listing Contact
    Jalen L. Martin
    Real Estate License ID: FL: SL3575552
    Learn More
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    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.

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    1515 Huffman Rd, Center Point, AL 35215
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