Upper-Level Office
For Sale
Contact for pricing
5290 OLD SPRINGVILLE ROAD, Birmingham, AL 35126
The office unit provides 2,000 square feet of workspace in a building completed in 1986.
Property Size2,000 SF
Price / SF$0.83
Days on Market1099
Property Features for 5290 OLD SPRINGVILLE ROAD
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Building Size
2,000 SF
Year Built
1986
Listing Agency:
RE/MAX Realty Brokers
Listed By:
Kent Jones · License #5095
(205) 281-4135
Source:
Rightspacecre
Added: Oct 30, 2023
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 RE/MAX Realty Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot office unit occupies the upper level of a building constructed in 1986. Its position within the building and office classification define the available space.
Key Highlights
- 2,000 square feet of upper‑level office space
- Building completed in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,021
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,420
$480.4K
Cap Rate 7%
$343,157
$343.2K
Cap Rate 9%
$266,900
$266.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$40.8K $20.40/SF
− Vacancy
−$8.8K −$4.39/SF
EGI
$32.0K $16.01/SF
− OpEx
−$8.0K −$4.00/SF
NOI
$24.0K $12.01/SF
Area
Birmingham, AL
Vacancy
21.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,420
Cap Rate 7%
$343,157
Cap Rate 9%
$266,900
Alternative Uses
Best Use
Office B
$343.2K
$300.3K – $400.4K
NOI $24,021 @ 7.0% cap · market cap 1,455.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.4K
$410.8K – $547.7K
NOI $32,861 @ 7.0% cap · market cap 1,991.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 35126, AL
21,400
Population
8,581
Households
2.5
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
60.1 sq mi
ZIP Area
356
Density / Sq Mi
$81,690
Median Household Income
$40,348
Median Earnings
$1,257
Median Rent
$189,100
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office unit - The office unit provides 2,000 square feet of workspace in a building completed in 1986.
Where is this office unit located?
The property is located at 5290 OLD SPRINGVILLE ROAD Birmingham, AL.
What are key features of this property?
This property features: 2,000 square feet of upper‑level office space; Building completed in 1986
