Multi-Suite Office Building with
For Sale
Contact for pricing
2820 Columbiana Rd, Birmingham, AL 35216
Multi-suite office property offering on-site and covered parking with access to three major regional routes.
Property Size22,088 SF
Price / SF$0.07
Days on Market77
Property Features for 2820 Columbiana Rd
General Information
Standard status
Active
Size
22,088 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1978
Listing Agency:
ARC Realty - Hoover
Listed By:
Blake Shultz · License #100603
(205) 969-8910
Source:
Soldbystratford
Added: Aug 1
Changed: Oct 5
Last Checked: Oct 7 at 5:34PM
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 ARC Realty - Hoover
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Investment Insights
Based on property information with market context.
Built in 1978, this 22,088-square-foot office building accommodates a range of office configurations, including spaces measuring 200 square feet and larger areas of 2,000 square feet. The property includes on-site parking as well as covered parking, with signage opportunities also available.
The building is located at 2820 Columbiana Rd in Birmingham, Alabama, with access to I-65, Hwy 31, and I-459. Its multi-suite layout and varied space sizes support office users seeking different footprints within the same property.
The building is located at 2820 Columbiana Rd in Birmingham, Alabama, with access to I-65, Hwy 31, and I-459. Its multi-suite layout and varied space sizes support office users seeking different footprints within the same property.
Key Highlights
- 22,088‑square‑foot office building constructed in 1978
- Office spaces include 200‑square‑foot and 2,000‑square‑foot configurations
- On‑site and covered parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,288
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,305,760
$5.3M
Cap Rate 7%
$3,789,829
$3.8M
Cap Rate 9%
$2,947,644
$2.9M
Market Conditions
NOI Build-Up for 22,088 SF
Gross rent
$450.6K $20.40/SF
− Vacancy
−$96.9K −$4.39/SF
EGI
$353.7K $16.01/SF
− OpEx
−$88.4K −$4.00/SF
NOI
$265.3K $12.01/SF
Area
Birmingham, AL
Vacancy
21.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,305,760
Cap Rate 7%
$3,789,829
Cap Rate 9%
$2,947,644
Alternative Uses
Best Use
Office B
$3.79M
$3.32M – $4.42M
NOI $265,288 @ 7.0% cap · market cap 17,685.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.54M – $6.05M
NOI $362,915 @ 7.0% cap · market cap 24,194.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 35216, AL
36,673
Population
16,333
Households
2.2
Avg Household Size
35
Median Age
53%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
2,821
Density / Sq Mi
$73,125
Median Household Income
$42,767
Median Earnings
$1,314
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office building - Multi-suite office property offering on-site and covered parking with access to three major regional routes.
Where is this office building located?
The property is located at 2820 Columbiana Rd Birmingham, AL.
What are key features of this property?
This property features: 22,088‑square‑foot office building constructed in 1978; Office spaces include 200‑square‑foot and 2,000‑square‑foot configurations; On‑site and covered parking available
