Mixed-Use Building with Fenced
For Sale
Contact for pricing
1600 2ND AVENUE, Birmingham, AL 35203
B-4 zoning and on-site fenced parking support a range of commercial uses.
Property Size5,000 SF
Price / SF$0.52
Days on Market186
Property Features for 1600 2ND AVENUE
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Mixed Use
Zoning
B-4
Site & Location
Neighborhood
Fairview
Highway Access
Yes
Listing Agency:
Jemison Realty Company 1
Listed By:
Phil Dorn · License #000008037
(205) 222-1250
Source:
Rightspacecre
Added: Apr 30
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
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 Jemison Realty Company 1
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 mixed-use property contains a 5,000-square-foot building with fenced parking. The site is zoned B-4.
The property is on a corner lot in downtown Birmingham, near I-65.
The property is on a corner lot in downtown Birmingham, near I-65.
Key Highlights
- 5,000‑square‑foot building
- Fenced parking on site
- B‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,050
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,000
$1.2M
Cap Rate 7%
$829,286
$829.3K
Cap Rate 9%
$645,000
$645.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$15.1K −$3.02/SF
EGI
$92.9K $18.58/SF
− OpEx
−$34.8K −$6.97/SF
NOI
$58.1K $11.61/SF
Area
Birmingham, AL
Vacancy
14.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,000
Cap Rate 7%
$829,286
Cap Rate 9%
$645,000
Alternative Uses
Best Use
Mixed Use
$829.3K
$725.6K – $967.5K
NOI $58,050 @ 7.0% cap · market cap 2,232.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,152 @ 7.0% cap · market cap 3,159.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 35203, AL
3,595
Population
2,114
Households
1.7
Avg Household Size
37
Median Age
41%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
1,712
Density / Sq Mi
$46,829
Median Household Income
$51,183
Median Earnings
$954
Median Rent
$288,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B-4 zoning and on-site fenced parking support a range of commercial uses.
Where is this mixed-use property located?
The property is located at 1600 2ND AVENUE Birmingham, AL.
What are key features of this property?
This property features: 5,000‑square‑foot building; Fenced parking on site; B‑4 zoning
