Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Office Suite For Sale Title is generated by Realmo AI

    2201 N 1st Avenue FIRST FLOOR, Birmingham, AL 35203

    View on Map
    Claim this Listing
    For Sale
    $625,000

    Main floor office suite with flexible floor plan and parking.

    Type:Commercial/Industrial
    Property size:
    3,883 SF
    Price / SF:
    $160/SF
    Added:
    Oct 8, 2025
    Days on Market:
    238
    Last Refresh:
    Apr 7 at 8:55 pm

    Property Features for 2201 N 1st Avenue FIRST FLOOR

    General Information

    Standard status
    Active
    Size
    3,883 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1924

    We can help!

    Listing Contact
    Alvin Johnson

    Listing agent Alvin Johnson License #8067-1

    Listing office JRC Realty Group, Inc.

    Listing date Oct 8, 2025

    Source Exitrealty

    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 JRC Realty Group, Inc.

    HighLights

    • Great location.
    • Main floor suite with patio access.
    • Flexible floor plan with no load‑bearing walls.
    • Three assigned parking slots.
    • Rear side door.
    • Built in 1924.

    Overview

    This main floor suite offers a flexible floor plan that can be arranged to meet various configuration needs, as there are no load-bearing walls. The suite includes a rear side door that provides access to the patio on the main level. The property includes three assigned parking slots.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $79.2k $20.40
    − Vacancy −$17.0k −$4.39
    EGI $62.2k $16.01
    − OpEx −$15.5k −$4.00
    NOI $46.6k $12.01
    3,883 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $666.2K
    $583.0K – $777.3K (±1% cap)
    NOI $46,637 @ 7.0% cap · market cap 7.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $911.4K
    $797.5K – $1.06M (±1% cap)
    NOI $63,799 @ 7.0% cap · market cap 10.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    @bhamlegion Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Building Supply Big Box & Wholesale Store Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.800556
    Latitude
    33.513034

    Nearby Similar for Sale

    • $1,950

      Updated Office Suite For Sale

      Versatile 1,100 SF suite ideal for various businesses.
      524 RED LANE ROAD, BIRMINGHAM, AL 35215
      View Details
    • $2,300

      Red Lane Plaza Office Suite

      Efficient office suite in multi-tenant center, Birmingham, Alabama.
      524 RED LANE ROAD, BIRMINGHAM, AL 35215
      View Details
    • $600,000

      Birmingham Commercial Property For Sale

      Freestanding commercial property in Birmingham, offering versatile redevelopment opportunities.
      608 31ST STREET, BIRMINGHAM, AL 35203
      View Details
    • $365,000

      Restaurant Building For Sale

      Restaurant building with land and business for sale.
      96 NE 25TH AVENUE, BIRMINGHAM, AL 35215
      View Details
    • $1,200,000

      Two-Story Office Building with Storage

      Two-story office building with industrial storage and convenient location.
      1120 GADSDEN HIGHWAY, BIRMINGHAM, AL 35235
      View Details
    • $195,000

      BIRMINGHAM Mixed-Use Commercial Property

      Commercial property zoned B-2, great for business or development.
      4612 AVENUE P, BIRMINGHAM, AL 35208
      View Details
    • $99,900

      Versatile Commercial Space in Birmingham

      Corner lot property with redevelopment potential for investors or business owners.
      2300 AVENUE E, BIRMINGHAM, AL 35218
      View Details
    • $10,500

      Versatile Mixed-Use Space in Birmingham

      Affordable venue/studio/office/retail space in Birmingham, AL.
      1612 3RD AVENUE, BIRMINGHAM, AL 35203
      View Details
    • $399,900

      Birmingham Automotive/Commercial Opportunity

      Commercial property suitable for auto sales, service, or other ventures.
      5547 1ST AVENUE, BIRMINGHAM, AL 35212
      View Details
    • $1,448,750

      Eastlake Commercial Center Assemblage

      Portfolio of five leased retail buildings in historic Eastlake district.
      7611 1ST AVENUE, BIRMINGHAM, AL 35206
      View Details
    • $75,000

      Corner Lot Retail Opportunity

      Corner lot suitable for retail, gas station, or auto shop.
      1501 19TH STREET ENSLEY, BIRMINGHAM, AL 35218
      View Details
    • $159,000

      Commercial Building in Birmingham, AL

      Commercial building on a 1+/- acre lot, former restaurant.
      1037 3rd AV W, Birmingham, AL 35204
      View Details

    FAQs

    What type of property is this?
    Office units - Main floor office suite with flexible floor plan and parking.
    Where is this office units located?
    The property is located at 2201 N 1st Avenue FIRST FLOOR Birmingham, AL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Great location.; Main floor suite with patio access.; Flexible floor plan with no load‑bearing walls.
    (205) 531-4957
    We can help!
    Listing Contact
    Alvin Johnson
    Real Estate License ID: 8067-1
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2201 N 1st Avenue FIRST FLOOR, BIRMINGHAM, AL 35203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!