2024-2026 Morris Ave, Birmingham, AL
Renovated mixed-use property with commercial suites and residential loft.
- Added:
- May 28, 2025
- Days on Market:
- 380
- Last Refresh:
- May 19 at 10:18 pm
Property Features for 2024-2026 Morris Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.10 Acres
- Property subtype
- OFFICE
Listing agent Kyle Crew
Listing office Ironvest Partners (205) 598-8382
Listing date May 28, 2025
Source Moodyscre
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 Ironvest Partners
HighLights
- Iconic commercial building in Downtown Birmingham's Loft District on Morris Avenue.
- Meticulously renovated in 2016 with all‑new plumbing, HVAC, roof, and electrical systems.
- Opportunity for owner occupancy with a large upstairs residential loft apartment or rental income.
- Two (or three) income‑generating commercial suites with tenants willing to stay and expand.
- 8,000 square feet of space.
- Located on a famous cobblestone street.
Overview
Local 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 | $163.2k | $20.40 |
| − Vacancy | −$35.1k | −$4.39 |
| EGI | $128.1k | $16.01 |
| − OpEx | −$32.0k | −$4.00 |
| NOI | $96.1k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.805
- Latitude
- 33.514