Listed By: Test Show Phone

Added: Aug 20, 2025 Changed: Mar 16

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$161

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,220 $3.2K

Cap Rate 7%

$2,300 $2.3K

Cap Rate 9%

$1,789 $1.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 35 SF

Gross rent

$252 $7.20/SF

− Vacancy

−$22 −$0.63/SF

EGI

$230 $6.57/SF

− OpEx

−$69 −$1.97/SF

NOI

$161 $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 Rate 5%

$3,220

Cap Rate 7%

$2,300

Cap Rate 9%

$1,789

Alternative Uses

Best Use

Retail

$4.9K

$4.3K – $5.7K (±1% cap)

NOI $342 @ 7.0% cap · market cap 11,400.00%

Second Best

Industrial

$2.3K

$2.0K – $2.7K (±1% cap)

NOI $161 @ 7.0% cap · market cap 5,366.67%

Theoretical Best

Office A

$8.2K

$7.2K – $9.6K (±1% cap)

NOI $575 @ 7.0% cap · market cap 19,166.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Automotive properties

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35206, AL

15,648

Population

7,967

Households

2

Avg Household Size

40

Median Age

19%

College-Educated

87%

High-School Grad

10.1 sq mi

ZIP Area

1,549

Density / Sq Mi

$39,051

Median Household Income

$28,665

Median Earnings

$990

Median Rent

$122,500

Median Home Value

Market

Vacancy Rate% for Retail in Birmingham, AL

8.1% 2019

7.3% 2020

6.4% 2021

5.9% 2022

5% 2023

6% 2024

6.1% 2025

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Frequently Asked Questions

What type of property is this?

Automotive property - U+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200BU+200B

Where is this automotive property located?

The property is located at 1St St Birmingham, AL.