Renovated Office
For Sale
Contact for pricing
2050 Oak Mountain Dr, Pelham, AL 35124
Four flexible suites offer private support areas, shared ownership potential, and convenient access in Pelham.
Property Size5,600 SF
Lot Size0.94 Acres
Price / SF$133.91
Days on Market107
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Property Features for 2050 Oak Mountain Dr
General Information
Standard status
Active
Size
5,600 SF
Class
A
Total Parking Spaces
18
Lot size
0.94 Acres
Property subtype
Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
4
Amenities
private bathroom
kitchenette
Building Details
Year Built
1987
Year Renovated
2023
Buildings
1
Units
4
Tenancy
Multi
Building Size
5,600 SF
Listing Agency:
Mark Dinan Commercial & Investment Real Estate
Listed By:
Mark Dinan · License #AL 000044694
(205) 980-3434
Source:
Crexi
Added: Jul 1
Changed: Oct 13
Last Checked: Oct 14 at 11:09PM
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 Mark Dinan Commercial & Investment Real Estate
Investment Insights
Based on property information with market context.
The property comprises a 5,600 SF office building on a 0.94-acre lot, arranged as four 1,400 SF suites. Each suite includes a private bathroom and kitchenette, allowing the spaces to function independently or together. The building was constructed in 1987 and fully renovated in 2023, with the configuration offering potential for additional flex space conversion.
Located at 2050 Oak Mountain Dr in Pelham, the property provides both front and rear access along with 18 parking spaces. I-65 Exit 246 is approximately 1 mile away. The surrounding area includes the Pelham Civic Complex, Oak Mountain State Park, and the upcoming Pelham Amphitheater Redevelopment.
Located at 2050 Oak Mountain Dr in Pelham, the property provides both front and rear access along with 18 parking spaces. I-65 Exit 246 is approximately 1 mile away. The surrounding area includes the Pelham Civic Complex, Oak Mountain State Park, and the upcoming Pelham Amphitheater Redevelopment.
Key Highlights
- 5,600 SF office building on a 0.94‑acre lot
- Four 1,400 SF suites that can be used separately or together
- Each suite includes a private bathroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,968
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,360
$1.2M
Cap Rate 7%
$842,400
$842.4K
Cap Rate 9%
$655,200
$655.2K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$100.8K $18.00/SF
− Vacancy
−$22.2K −$3.96/SF
EGI
$78.6K $14.04/SF
− OpEx
−$19.7K −$3.51/SF
NOI
$59.0K $10.53/SF
Area
Shelby County, AL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,360
Cap Rate 7%
$842,400
Cap Rate 9%
$655,200
Alternative Uses
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,010 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 35124, AL
25,667
Population
10,207
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
603
Density / Sq Mi
$91,513
Median Household Income
$50,970
Median Earnings
$1,575
Median Rent
$282,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four flexible suites offer private support areas, shared ownership potential, and convenient access in Pelham.
Where is this office building located?
The property is located at 2050 Oak Mountain Dr Pelham, AL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 5,600 SF office building on a 0.94‑acre lot; Four 1,400 SF suites that can be used separately or together; Each suite includes a private bathroom and kitchenette
