Professional Office
For Sale
$325,000
2100 Providence Park Ste 200, Birmingham, AL 35242
Reception, private offices, conference space, and open work areas support varied professional office configurations.
Property Size1,458 SF
Days on Market195
Property Features for 2100 Providence Park Ste 200
General Information
Standard status
Active
Size
1,458 SF
Class
B
Property subtype
Single Tenant Office
Additional Details
Highway Access
Yes
Building Details
Building Size
1,458 SF
Year Built
2006
Properties For Sale
at 2100 Providence Park Ste 200 Contact us- Size
- 1,458 SF
- Lease Type
- NNN
Unit
Listing Agency:
ARC Commercial Real Estate
(205) 969-8910
Listed By:
Walter Kelley
(205) 969-8910
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 5:26PM
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 ARC Commercial Real Estate
Investment Insights
Based on property information with market context.
This office condominium at 2100 Providence Park Ste 200 provides a practical mix of private and shared work areas. The layout includes a reception area, multiple private offices, a large conference room, and open workspace that can support both individual focus and collaboration. Modern finishes, abundant natural light, and efficient floor planning contribute to a functional professional setting. The building was constructed in 2006 and offers ample parking with a professional exterior presence.
The property is located in Birmingham, Alabama, within a business corridor surrounded by professional, medical, and retail amenities. Access to Highway 280 and I-65 supports connectivity throughout Birmingham and the greater metropolitan area. The configuration is suited to a range of office users, including medical, legal, financial, and general professional practices.
The property is located in Birmingham, Alabama, within a business corridor surrounded by professional, medical, and retail amenities. Access to Highway 280 and I-65 supports connectivity throughout Birmingham and the greater metropolitan area. The configuration is suited to a range of office users, including medical, legal, financial, and general professional practices.
Key Highlights
- Office condominium at 2100 Providence Park Ste 200, Birmingham, AL 35242
- Reception area, multiple private offices, large conference room, and open workspace
- Modern finishes with abundant natural light and efficient floor planning
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
$17,511
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
5.39%
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%
$350,220
$350.2K
Cap Rate 7%
$250,157
$250.2K
Cap Rate 9%
$194,567
$194.6K
Market Conditions
NOI Build-Up for 1,458 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
$29.7K $20.40/SF
− Vacancy
−$6.4K −$4.39/SF
EGI
$23.3K $16.01/SF
− OpEx
−$5.8K −$4.00/SF
NOI
$17.5K $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%
$350,220
Cap Rate 7%
$250,157
Cap Rate 9%
$194,567
Alternative Uses
Best Use
Office B
$250.2K
$218.9K – $291.9K
NOI $17,511 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.2K
$299.5K – $399.3K
NOI $23,956 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
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 - Reception, private offices, conference space, and open work areas support varied professional office configurations.
Where is this office units located?
The property is located at 2100 Providence Park Ste 200 Birmingham, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Office condominium at 2100 Providence Park Ste 200, Birmingham, AL 35242; Reception area, multiple private offices, large conference room, and open workspace; Modern finishes with abundant natural light and efficient floor planning
