Bank Branch with
New
For Sale
Contact for pricing
215 Richard Arrington Jr Boulevard N, Birmingham, AL 35203
An attached parking deck, available building signage, and access to major highways support the downtown property.
Property Size5,238 SF
Days on Market3
Property Features for 215 Richard Arrington Jr Boulevard N
General Information
Standard status
Active
Size
5,238 SF
Property subtype
Retail
Lease Term
Full Service
Site & Location
Neighborhood
Central City
Highway Access
Yes
Amenities
building signage available
on site/attached parking deck
bright natural lighting with high ceilings
teller counter
safe
drive-thru
Building Details
Building Size
5,238 SF
Properties For Sale
at 215 Richard Arrington Jr Boulevard N
Ground Floor
Size
5,238 SF
Term
Negotiable
Listing Agency:
Cushman & Wakefield / EGS Commercial Real Estate
Listed By:
Casey Howard · License #000110233
(205) 202-0814
Source:
Egsinc
Added: Nov 1
Last Checked: Nov 1 at 3:39PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Former bank premises include a teller counter, safe, and drive-through service. High ceilings and natural light shape the interior, while updated mechanical systems, HVAC, and roofs are among the building improvements. Building signage is available, and parking is provided through an attached deck.
The property is on Richard Arrington Jr. Blvd in downtown Birmingham, one block from the Financial District. Major highways and interstates are accessible, and the location has a Walk Score of 80.
The property is on Richard Arrington Jr. Blvd in downtown Birmingham, one block from the Financial District. Major highways and interstates are accessible, and the location has a Walk Score of 80.
Key Highlights
- Former bank branch with teller counter, safe, and drive‑through
- Attached parking deck
- Building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,193
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,860
$1.0M
Cap Rate 7%
$731,329
$731.3K
Cap Rate 9%
$568,811
$568.8K
Market Conditions
NOI Build-Up for 5,238 SF
Gross rent
$81.7K $15.60/SF
− Vacancy
−$8.6K −$1.64/SF
EGI
$73.1K $13.96/SF
− OpEx
−$21.9K −$4.19/SF
NOI
$51.2K $9.77/SF
Area
Birmingham, AL
Vacancy
10.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,860
Cap Rate 7%
$731,329
Cap Rate 9%
$568,811
Alternative Uses
Best Use
Specialty Retail
$929.4K
$813.2K – $1.08M
NOI $65,056 @ 7.0% cap · market cap 382,682.35%
Second Best
Retail
$731.3K
$639.9K – $853.2K
NOI $51,193 @ 7.0% cap · market cap 301,135.29%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,062 @ 7.0% cap · market cap 506,247.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Retail in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Bank - An attached parking deck, available building signage, and access to major highways support the downtown property.
Where is this bank located?
The property is located at 215 Richard Arrington Jr Boulevard N Birmingham, AL.
What are key features of this property?
This property features: Former bank branch with teller counter, safe, and drive‑through; Attached parking deck; Building signage available
