Office Building with Detached
For Sale
Contact for pricing
2230 Old Springville Road, Center Point, AL 35215
Front reception, conference room, private offices, kitchen appliances, and a renovated bathroom support flexible office operations.
Property Size1,195 SF
Price / SF$188.28
Days on Market83
Property Features for 2230 Old Springville Road
General Information
Standard status
Active
Size
1,195 SF
Property subtype
Retail, Office
Additional Details
Road Access
Yes
Amenities
conference room
kitchen
Building Details
Year Built
1949
Buildings
3
Listing Agency:
Semaan Realty
(205) 369-3448
Listed By:
Jacqueline Semaan · License #AL
Source:
Crexi
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 30 at 3:46AM
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.
Built in 1949, this office property includes a front reception area, conference room, multiple separate offices, and a kitchen equipped with appliances. The building also has a renovated bathroom and is accompanied by 2 detached garages.
The property fronts Old Springville Road in Center Point, with frontage and high-traffic exposure. The nearly 1-acre site provides substantial parking areas and is enclosed by a fence, adding defined boundaries around the building and its improvements.
The property fronts Old Springville Road in Center Point, with frontage and high-traffic exposure. The nearly 1-acre site provides substantial parking areas and is enclosed by a fence, adding defined boundaries around the building and its improvements.
Key Highlights
- 2 detached garages included with the office property
- Front reception area, conference room, and separate offices
- Kitchen with appliances and a renovated bathroom
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
$16,688
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
7.42%
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%
$333,760
$333.8K
Cap Rate 7%
$238,400
$238.4K
Cap Rate 9%
$185,422
$185.4K
Market Conditions
NOI Build-Up for 1,195 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
$24.8K $20.76/SF
− Vacancy
−$968 −$0.81/SF
EGI
$23.8K $19.95/SF
− OpEx
−$7.2K −$5.99/SF
NOI
$16.7K $13.97/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
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%
$333,760
Cap Rate 7%
$238,400
Cap Rate 9%
$185,422
Alternative Uses
Best Use
Office B
$300.8K
$263.2K – $351.0K
NOI $21,059 @ 7.0% cap · market cap 9.36%
Second Best
Retail
$238.4K
$208.6K – $278.1K
NOI $16,688 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$411.1K
$359.7K – $479.6K
NOI $28,777 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 35215, AL
46,772
Population
19,718
Households
2.4
Avg Household Size
34
Median Age
18%
College-Educated
88%
High-School Grad
28.3 sq mi
ZIP Area
1,653
Density / Sq Mi
$51,854
Median Household Income
$32,323
Median Earnings
$1,080
Median Rent
$146,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Front reception, conference room, private offices, kitchen appliances, and a renovated bathroom support flexible office operations.
Where is this office building located?
The property is located at 2230 Old Springville Road Center Point, 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: 2 detached garages included with the office property; Front reception area, conference room, and separate offices; Kitchen with appliances and a renovated bathroom
