Office/Retail Building on Old Springville
2230 Old Springville Road Birmingham, AL 35215
2230 Old Springville Road, Birmingham, AL, 35215
$225,000
For Sale
$225,000
Office or retail building with frontage and high traffic exposure.
Property Size1,195 SF
Lot Size1.00 Acre
Price / SF$188.28
Days on Market156
Property Features for 2230 Old Springville Road
General Information
- Standard status
- Active
- Size
- 1,195 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1949
Listing Agency
Semaan Realty
(205) 369-3448
Listed by
Jacqueline Semaan · License #50326-1
(205) 369-3448
Source
Exitrealty
Added: Feb 11 Checked: Jul 16 at 8:17 am
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 Semaan Realty
Investment Insights
Based on property information with market context.
This office or retail building is located on Old Springville Road, offering frontage and high traffic exposure. The property sits on an approximately 1-acre lot and includes two detached garages. The 1195 square foot building features a front reception area or office space, a conference room, separate offices, a kitchen equipped with appliances, and a renovated bathroom. There are ample parking areas available, and the building is surrounded by a fence.
Key Highlights
- High‑traffic frontage on Old Springville Road offers excellent exposure.
- Large lot (almost 1 acre) provides ample space and potential.
- Includes two detached garages for storage or additional workspace.
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 | $24.4k | $20.40 |
| − Vacancy | −$5.2k | −$4.39 |
| EGI | $19.1k | $16.01 |
| − OpEx | −$4.8k | −$4.00 |
| NOI | $14.4k | $12.01 |
1,195 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.0K
$179.4K – $239.2K
NOI $14,353 @ 7.0% cap · market cap 6.38%
Second Best
Retail
$166.8K
$146.0K – $194.7K
NOI $11,679 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$280.5K
$245.4K – $327.2K
NOI $19,634 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blue Angels Roofing
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office space - Office or retail building with frontage and high traffic exposure.
Where is this office space located?
The property is located at 2230 Old Springville Road Birmingham, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High‑traffic frontage on Old Springville Road offers excellent exposure.; Large lot (almost 1 acre) provides ample space and potential.; Includes two detached garages for storage or additional workspace.
