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$166.53
Days on Market129
Property Features for 2230 Old Springville Road
General Information
Standard status
Active
Size
1,195 SF
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
conference room
kitchen
Building Details
Year Built
1949
Buildings
3
Listing Agency:
Semaan Realty
Listed By:
Jacqueline Semaan · License #AL
(205) 369-3448
Source:
Crexi
Added: Jun 9
Changed: Oct 15
Last Checked: Oct 14 at 9:29PM
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
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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 / Yr
$16,688
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
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
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 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 10.58%
Second Best
Retail
$238.4K
$208.6K – $278.1K
NOI $16,688 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$411.1K
$359.7K – $479.6K
NOI $28,777 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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 $199,000.
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
