Renovated Retail/Office Space with
194 Green Springs Highway Birmingham, AL 35209
For Sale
$1,100,000
Renovated retail/office space with large storage and parking.
Property Size3,316 SF
Lot Size0.91 Acres
Price / SF$331.72
Days on Market376
Property Features for 194 Green Springs Highway
General Information
Standard status
Active
Size
3,316 SF
Lot size
0.91 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1968
Listing Agency:
RealtySouth Chelsea Branch
(205) 585-1434
Listed By:
Misty Dodson · License #AL00103290
(205) 585-1434
Source:
Exitrealty
Added: Jul 17, 2025
Changed: Jul 10
Last Checked: Jul 27 at 4:06AM
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 RealtySouth Chelsea Branch
Investment Insights
Based on property information with market context.
This property offers a recently renovated space, completed in 2025, suitable for office or retail use. The building features 1798 square feet of office or retail area, accompanied by two bathrooms. A large 1518 square foot storage room is also included. Historically, the building functioned as a car repair shop, and two bay doors are still available within the storage area. The property is situated on a 0.91 acre lot, featuring an estimated 8,000 square feet of paved parking and approximately 2,400 square feet of concrete parking. A grassy area is located on the side and at the back of the building. Additionally, there is a billboard rental currently active on the property.
Key Highlights
- Large .91 acre lot with ample parking (estimated 8,000 sf paved, 2,400 sf concrete).
- Recently renovated in 2025.
- Large 1798 sf of office or retail space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.6k | $20.40 |
| − Vacancy | −$14.5k | −$4.39 |
| EGI | $53.1k | $16.01 |
| − OpEx | −$13.3k | −$4.00 |
| NOI | $39.8k | $12.01 |
3,316 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$569.0K
$497.8K – $663.8K
NOI $39,827 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$463.0K
$405.1K – $540.2K
NOI $32,409 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$778.3K
$681.0K – $908.1K
NOI $54,483 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Renovated retail/office space with large storage and parking.
Where is this retail space located?
The property is located at 194 Green Springs Highway Birmingham, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Large .91 acre lot with **ample parking** (estimated 8,000 sf paved, 2,400 sf concrete).; **Recently renovated in 2025.**; Large 1798 sf of office or retail space.
