Office Suite with
For Sale
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3644 VANN ROAD, Birmingham, AL 35235
A professional suite offers reception space, private offices, a bathroom, and on-site parking.
Property Size1,100 SF
Price / SF$1.18
Days on Market860
Property Features for 3644 VANN ROAD
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
2
Property subtype
Office
Site & Location
Neighborhood
Liberty Highlands
Additional Details
Office Units
1
Property Use
Office
Building Details
Building Size
1,100 SF
Year Built
2011
Listing Agency:
Keller Williams
Listed By:
Nona Yackee
(205) 283-5298
Source:
Rightspacecre
Added: Jun 25, 2024
Changed: Oct 31
Last Checked: Oct 31 at 3:21AM
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 Keller Williams
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Investment Insights
Based on property information with market context.
Suite 109 contains 1,100 square feet and was built in 2011. Its layout includes a reception area, an executive office, additional office space, and one bathroom. The configuration can accommodate four office spaces or three offices with a storage room. One to two parking spaces are included.
Key Highlights
- 1,100‑square‑foot office suite built in 2011
- Suite 109 includes reception space, an executive office, and one bathroom
- Layout supports four offices or three offices plus a storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,240
$264.2K
Cap Rate 7%
$188,743
$188.7K
Cap Rate 9%
$146,800
$146.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$22.4K $20.40/SF
− Vacancy
−$4.8K −$4.39/SF
EGI
$17.6K $16.01/SF
− OpEx
−$4.4K −$4.00/SF
NOI
$13.2K $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%
$264,240
Cap Rate 7%
$188,743
Cap Rate 9%
$146,800
Alternative Uses
Best Use
Office B
$188.7K
$165.2K – $220.2K
NOI $13,212 @ 7.0% cap · market cap 1,016.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.2K
$225.9K – $301.2K
NOI $18,073 @ 7.0% cap · market cap 1,390.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
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Business Placement
Demographics for 35235, AL
20,059
Population
8,944
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
13.5 sq mi
ZIP Area
1,486
Density / Sq Mi
$57,244
Median Household Income
$35,809
Median Earnings
$1,220
Median Rent
$165,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office unit - A professional suite offers reception space, private offices, a bathroom, and on-site parking.
Where is this office unit located?
The property is located at 3644 VANN ROAD Birmingham, AL.
What are key features of this property?
This property features: 1,100‑square‑foot office suite built in 2011; Suite 109 includes reception space, an executive office, and one bathroom; Layout supports four offices or three offices plus a storage room
