Renovated Office Building with
204 Griffin Park Drive Birmingham, AL 35242
204 Griffin Park Drive, Birmingham, AL, 35242
$1,199,000
For Sale
$1,199,000
Shelby County office building with ample parking and recent renovations.
Property Size3,453 SF
Lot Size1.25 Acres
Price / SF$347.23
Days on Market222
Property Features for 204 Griffin Park Drive
General Information
- Standard status
- Active
- Size
- 3,453 SF
- Lot size
- 1.25 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1990
Listing Agency
Dream Home Realty, Inc.
(205) 356-3399
Listed by
Hanna Salter
(205) 356-3399
Source
Exitrealty
Added: Dec 7, 2025 Checked: Jul 17 at 5:10 am
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 Dream Home Realty, Inc.
Investment Insights
Based on property information with market context.
This striking stone office building is situated within the Eagle Point/Griffin Park community of Shelby County. The property features over 3,450 square feet of finished office space, set on a 1.25-acre lot. It includes over 20,000 square feet of paved parking. The building has been recently renovated, and a new roof was installed in 2024. The interior layout comprises 12 closed-door offices, 2 open office spaces, a large glass conference room, a kitchenette, a bathroom, and a large sitting/reception area. This property is suitable for professional offices such as law firms, accounting practices, mortgage companies, real estate agencies, and doctor's offices.
Key Highlights
- Recently renovated with a new roof installed in 2024.
- Over 3,450 sf of finished office space on 1.25 acres.
- Over 20,000 sf of paved parking.
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 | $70.4k | $20.40 |
| − Vacancy | −$15.1k | −$4.39 |
| EGI | $55.3k | $16.01 |
| − OpEx | −$13.8k | −$4.00 |
| NOI | $41.5k | $12.01 |
3,453 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.5K
$709.2K – $945.6K
NOI $56,734 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Shelby County office building with ample parking and recent renovations.
Where is this office building located?
The property is located at 204 Griffin Park Drive Birmingham, AL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Recently renovated with a **new roof installed in 2024.**; Over 3,450 sf of finished office space on 1.25 acres.; Over 20,000 sf of paved parking.
