Freestanding Office
For Sale
Contact for pricing
2084 Valleydale Road, Birmingham, AL 35244
A 6,600 SF freestanding building on 1.9 acres with high-visibility frontage along a heavily traveled corridor.
Property Size6,600 SF
Lot Size1.90 Acres
Price / SF$212.12
Days on Market99
Property Features for 2084 Valleydale Road
General Information
Standard status
Active
Size
6,600 SF
Class
B
Total Parking Spaces
76
Lot size
1.90 Acres
Property subtype
Special Purpose, Office
Investment Type
Owner/User
Site & Location
Traffic Count
21,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1978
Buildings
1
Units
76
Listing Agency:
Lightpoint
Listed By:
Kyle Church · License #AL 000124859 - 1
(205) 919-1528
Source:
Crexi
Added: Jun 2
Changed: Sep 2
Last Checked: Sep 8 at 5:47AM
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 Lightpoint
Investment Insights
Based on property information with market context.
This freestanding office building totals 6,600 SF and is situated on approximately 1.9 acres. The property is positioned for flexible use, with straightforward adaptability for medical, office, or other professional applications.
The site benefits from strong frontage along highly traveled Valleydale Road, with traffic counts exceeding 21,000 vehicles per day. It also offers convenient regional access to I-65, Highway 31, and Highway 119, supporting a broad range of customer and employee commuting patterns.
For prospective tenants, buyers, or owner-occupants, the building’s size and professional conversion potential can align with medical practices, office users, or other service-oriented operations seeking a visible, accessible site. The overall configuration and corridor access may be especially useful for organizations that value day-to-day access and clear site presence for clients and visitors.
The site benefits from strong frontage along highly traveled Valleydale Road, with traffic counts exceeding 21,000 vehicles per day. It also offers convenient regional access to I-65, Highway 31, and Highway 119, supporting a broad range of customer and employee commuting patterns.
For prospective tenants, buyers, or owner-occupants, the building’s size and professional conversion potential can align with medical practices, office users, or other service-oriented operations seeking a visible, accessible site. The overall configuration and corridor access may be especially useful for organizations that value day-to-day access and clear site presence for clients and visitors.
Key Highlights
- 6,600 SF freestanding building on 1.9 acres along Valleydale Road
- High‑visibility frontage with traffic counts exceeding 21,000 vehicles per day
- Year built: 1978
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,269
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,585,380
$1.6M
Cap Rate 7%
$1,132,414
$1.1M
Cap Rate 9%
$880,767
$880.8K
Market Conditions
NOI Build-Up for 6,600 SF
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.
Gross rent
$134.6K $20.40/SF
− Vacancy
−$28.9K −$4.39/SF
EGI
$105.7K $16.01/SF
− OpEx
−$26.4K −$4.00/SF
NOI
$79.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,585,380
Cap Rate 7%
$1,132,414
Cap Rate 9%
$880,767
Alternative Uses
Best Use
Office B
$1.13M
$990.9K – $1.32M
NOI $79,269 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,441 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
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 building - A 6,600 SF freestanding building on 1.9 acres with high-visibility frontage along a heavily traveled corridor.
Where is this office building located?
The property is located at 2084 Valleydale Road Birmingham, AL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,600 SF freestanding building on 1.9 acres along Valleydale Road; High‑visibility frontage with traffic counts exceeding 21,000 vehicles per day; Year built: 1978
