Automotive Service
New
For Sale
$249,500
1581 Center Point Parkway, Birmingham, AL 35215
Existing automotive layout with drive-in service access, paved parking, and an on-site service area.
Property Size3,352 SF
Lot Size0.64 Acres
Price / SF$74.43
Days on Market5
Property Features for 1581 Center Point Parkway
General Information
Standard status
Active
Size
3,352 SF
Lot size
0.64 Acres
Property subtype
Retail
Zoning
I-1 Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Drive-in/Service Bay Access
Paved Parking & Service Area
Building Details
Building Size
3,352 SF
Year Built
1969
Buildings
1
Listing Agency:
(659) 799-3586
Listed By:
Luis Chaverri Mejias · License #AL #160087
Source:
7s
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 15 at 3:36AM
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 Luis Chaverri Mejias
Investment Insights
Based on property information with market context.
Located at 1581 Center Point Parkway in Birmingham, this 3,352 SF commercial building sits on a 0.64-acre site and was built in 1969. The property includes an existing automotive and service-oriented configuration with drive-in access to service bays, paved parking, and a paved service area.
The site fronts Center Point Parkway (AL-75) with approximately 205 feet along the roadway. I-1 Light Industrial zoning supports the property’s current commercial and automotive context. I-59 is approximately 5 miles away, providing a nearby regional transportation connection.
The site fronts Center Point Parkway (AL-75) with approximately 205 feet along the roadway. I-1 Light Industrial zoning supports the property’s current commercial and automotive context. I-59 is approximately 5 miles away, providing a nearby regional transportation connection.
Key Highlights
- 3,352 SF commercial building on a 0.64‑acre site
- Approximately 205' of frontage on Center Point Parkway (AL‑75)
- Existing automotive and service configuration with drive‑in service bay access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,407
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,140
$308.1K
Cap Rate 7%
$220,100
$220.1K
Cap Rate 9%
$171,189
$171.2K
Market Conditions
NOI Build-Up for 3,352 SF
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.
Gross rent
$24.1K $7.20/SF
− Vacancy
−$2.1K −$0.63/SF
EGI
$22.0K $6.57/SF
− OpEx
−$6.6K −$1.97/SF
NOI
$15.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,140
Cap Rate 7%
$220,100
Cap Rate 9%
$171,189
Alternative Uses
Best Use
Retail
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 13.13%
Second Best
Industrial
$220.1K
$192.6K – $256.8K
NOI $15,407 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$786.8K
$688.4K – $917.9K
NOI $55,075 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35215, AL
46,772
Population
19,718
Households
2.4
Avg Household Size
34
Median Age
18%
College-Educated
88%
High-School Grad
28.3 sq mi
ZIP Area
1,653
Density / Sq Mi
$51,854
Median Household Income
$32,323
Median Earnings
$1,080
Median Rent
$146,900
Median Home Value
Market
Vacancy Rate% for Retail in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 5-Mile Fix-It Repair shop — 1117 Oakwood St, Birmingham, AL 35215
- Precision Collision — 1255 Center Point Pkwy, Birmingham, AL 35215
- SERRA TOYOTA SERVICE DEPARTMENT — 1300 Center Point Pkwy, Birmingham, AL 35215
- Serra Toyota Service Center — 1300 Center Point Pkwy, Birmingham, AL 35215
- AAMCO Transmissions & Total Car Care — 1251 Center Point Pkwy, Birmingham, AL 35215
Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive layout with drive-in service access, paved parking, and an on-site service area.
Where is this auto shop located?
The property is located at 1581 Center Point Parkway Birmingham, AL.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 3,352 SF commercial building on a 0.64‑acre site; Approximately 205' of frontage on Center Point Parkway (AL‑75); Existing automotive and service configuration with drive‑in service bay access
