Commercial Condo with Build-Out
For Sale
$200,000
2025 1st N Avenue 100, Birmingham, AL 35203
Commercial condominium with flexible space in a prime location.
Property Size1,970 SF
Price / SF$101.52
Days on Market187
Property Features for 2025 1st N Avenue 100
General Information
Standard status
Active
Size
1,970 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1940
Listing Agency:
Keller Williams Homewood
(205) 566-1371
Listed By:
Jena Standard · License #105999
(205) 566-1371
Source:
Exitrealty
Added: Jan 24
Changed: Jul 10
Last Checked: Jul 30 at 7:51AM
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 Keller Williams Homewood
Investment Insights
Based on property information with market context.
This commercial condominium, offered as is and to be built, is located in a prime location. The property includes approximately 1,970 square feet on the main level, complemented by an additional 2,150-square-foot basement. This layout provides flexible space suitable for various commercial applications. It is ideal for both owner-users and investors looking for value and future build-out potential. The monthly condo dues are $1204. Buyers are advised to verify permitted uses, specifications, and build-out options. This unit presents an opportunity to secure a commercial space with strong upside in a sought-after area.
Key Highlights
- Priced below appraised value, offering immediate equity potential.
- Prime location with strong upside potential in a sought‑after area.
- Approximately 1,970 SF on the main level plus a 2,150 SF basement, providing flexible space.
Financial Insights For Industrial
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 | $14.2k | $7.20 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $12.9k | $6.57 |
| − OpEx | −$3.9k | −$1.97 |
| NOI | $9.1k | $4.60 |
1,970 SF · lease $7.20/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$338.0K
$295.8K – $394.4K
NOI $23,661 @ 7.0% cap · market cap 11.83%
Second Best
Flex RnD
$273.5K
$239.3K – $319.1K
NOI $19,146 @ 7.0% cap · market cap 9.57%
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,368 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 35203, AL
3,595
Population
2,114
Households
1.7
Avg Household Size
37
Median Age
41%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
1,712
Density / Sq Mi
$46,829
Median Household Income
$51,183
Median Earnings
$954
Median Rent
$288,600
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condominium with flexible space in a prime location.
Where is this office units located?
The property is located at 2025 1st N Avenue 100 Birmingham, AL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Priced below appraised value, offering immediate equity potential.; Prime location with strong upside potential in a sought‑after area.; Approximately 1,970 SF on the main level plus a 2,150 SF basement, providing flexible space.
