Renovated Brick-and-Beam Office
For Sale
$2,350,000
2127 1st Ave N, Birmingham, AL 35203
Updated open-concept offices offer natural light and dedicated on-site parking in Downtown Birmingham.
Property Size10,000 SF
Days on Market48
Property Features for 2127 1st Ave N
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office - General Office
Zoning
B-4
Additional Details
Highway Access
Yes
Building Details
Building Size
10,000 SF
Year Built
1924
Year Renovated
2018
Construction
brick-and-beam
Listing Agency:
Cushman & Wakefield / EGS Commercial Real Estate
Listed By:
Casey Howard · License #000110233
(205) 202-0814
Source:
Commercialcafe
Added: Sep 5
Changed: Oct 18
Last Checked: Oct 20 at 5:37PM
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 Cushman & Wakefield / EGS Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 1924 and renovated in 2017-2018, this office property combines exposed brick-and-beam character with updated interiors and an open-concept layout. Abundant natural light supports bright, inviting workspaces, while dedicated on-site parking adds convenience for occupants and visitors.
The property is located at 2127 1st Avenue North in Downtown Birmingham, along a corridor with nearby dining, hospitality, entertainment, retail, and business destinations. Access to Red Mountain Expressway, U.S. Highway 280, and Interstate 65 connects the site with major regional routes. B-4 zoning and a walk score of 93 further define its urban commercial setting.
The property is located at 2127 1st Avenue North in Downtown Birmingham, along a corridor with nearby dining, hospitality, entertainment, retail, and business destinations. Access to Red Mountain Expressway, U.S. Highway 280, and Interstate 65 connects the site with major regional routes. B-4 zoning and a walk score of 93 further define its urban commercial setting.
Key Highlights
- Renovated in 2017‑2018
- Brick‑and‑beam interiors with open‑concept layout
- Dedicated on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,105
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,402,100
$2.4M
Cap Rate 7%
$1,715,786
$1.7M
Cap Rate 9%
$1,334,500
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$204.0K $20.40/SF
− Vacancy
−$43.9K −$4.39/SF
EGI
$160.1K $16.01/SF
− OpEx
−$40.0K −$4.00/SF
NOI
$120.1K $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 Rate 5%
$2,402,100
Cap Rate 7%
$1,715,786
Cap Rate 9%
$1,334,500
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.00M
NOI $120,105 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,304 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,206
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
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Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office building - Updated open-concept offices offer natural light and dedicated on-site parking in Downtown Birmingham.
Where is this office building located?
The property is located at 2127 1st Ave N Birmingham, AL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Renovated in 2017‑2018; Brick‑and‑beam interiors with open‑concept layout; Dedicated on‑site parking
