Spire Midtown Office
For Sale
Contact for pricing
20 20th Street South, Birmingham, AL 35295
B-4-zoned office property in a walkable Southside setting near the Parkside District and Central Business District.
Property Size32,195 SF
Price / SF$161.52
Days on Market158
Property Features for 20 20th Street South
General Information
Standard status
Active
Size
32,195 SF
Property subtype
Office
Zoning
B-4
Listing Agency:
Shannon Waltchack
Listed By:
Alec Hersh · License #AL 140488
(205) 209-9701
Source:
Crexi
Added: May 12
Changed: Oct 3
Last Checked: Oct 15 at 12:07AM
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 Shannon Waltchack
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Spire Midtown is a 32,195-square-foot office building at 20 20th Street South in Birmingham. The property carries B-4 zoning and occupies an infill position within the Southside submarket.
The building sits along a corridor shaped by UAB expansion and nearby institutional and development activity, including the Daniel Building and KultureCity development. Its urban setting provides walkable access to the Parkside District, Rotary Trail, and the Central Business District, with surrounding demand supported by students, medical and office professionals, residents, tourists, and visitors.
The building sits along a corridor shaped by UAB expansion and nearby institutional and development activity, including the Daniel Building and KultureCity development. Its urban setting provides walkable access to the Parkside District, Rotary Trail, and the Central Business District, with surrounding demand supported by students, medical and office professionals, residents, tourists, and visitors.
Key Highlights
- 32,195‑square‑foot office building
- B‑4 zoning
- 20 20th Street South location in Birmingham, AL 35295
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$386,678
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,733,560
$7.7M
Cap Rate 7%
$5,523,971
$5.5M
Cap Rate 9%
$4,296,422
$4.3M
Market Conditions
NOI Build-Up for 32,195 SF
Gross rent
$656.8K $20.40/SF
− Vacancy
−$141.2K −$4.39/SF
EGI
$515.6K $16.01/SF
− OpEx
−$128.9K −$4.00/SF
NOI
$386.7K $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%
$7,733,560
Cap Rate 7%
$5,523,971
Cap Rate 9%
$4,296,422
Alternative Uses
Best Use
Office B
$5.52M
$4.83M – $6.44M
NOI $386,678 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.56M
$6.61M – $8.82M
NOI $528,977 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,333
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office building - B-4-zoned office property in a walkable Southside setting near the Parkside District and Central Business District.
Where is this office building located?
The property is located at 20 20th Street South Birmingham, AL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 32,195‑square‑foot office building; B‑4 zoning; 20 20th Street South location in Birmingham, AL 35295
