Renovated Retail/Office Space with
For Sale
$1,100,000
Pending
194 Green Springs Highway, Birmingham, AL 35209
Renovated retail/office space with large storage and parking.
Property Size3,316 SF
Lot Size0.91 Acres
Days on Market433
Property Features for 194 Green Springs Highway
General Information
Standard status
Pending
Size
3,316 SF
Lot size
0.91 Acres
Property subtype
Commercial/Industrial
Site & Location
Neighborhood
Glen Iris
Building Details
Year Built
1968
Listing Agency:
RealtySouth Chelsea Branch
(205) 325-4585
Listed By:
Misty Dodson · License #AL00103290
(205) 585-1434
Source:
Exitrealty
Added: Aug 25, 2025
Changed: Oct 25
Last Checked: Oct 23 at 5:46AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$39,827
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,540
$796.5K
Cap Rate 7%
$568,957
$569.0K
Cap Rate 9%
$442,522
$442.5K
Market Conditions
NOI Build-Up for 3,316 SF
Gross rent
$67.6K $20.40/SF
− Vacancy
−$14.5K −$4.39/SF
EGI
$53.1K $16.01/SF
− OpEx
−$13.3K −$4.00/SF
NOI
$39.8K $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%
$796,540
Cap Rate 7%
$568,957
Cap Rate 9%
$442,522
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
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Business Placement
Demographics for 35209, AL
27,827
Population
15,141
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
93%
High-School Grad
9.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$72,383
Median Household Income
$45,513
Median Earnings
$1,246
Median Rent
$465,600
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?
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.
