Office/Retail Building on Old Springville
For Sale
$225,000
2230 Old Springville Road, Birmingham, AL 35215
Office or retail building with frontage and high traffic exposure.
Property Size1,195 SF
Lot Size1.00 Acre
Price / SF$188.28
Days on Market169
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
Changed: Jul 10
Last Checked: Jul 30 at 5:27AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Under-served
Demand for This Use
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
Properties on Market for Office Spaces in Birmingham
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MG WIRELESS — 2445 Old Springville Rd SUITE 101, Birmingham, AL 35215
- CLAY VAPE & SMOKE SHOP — 2464 Old Springville Rd, Birmingham, AL 35215
Frequently Asked Questions
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.
