Fully Leased Retail
For Sale
$1,600,000
2911 S 7th Avenue, Birmingham, AL 35233
Fully leased retail building with renovation opportunity and 23 parking spaces in Lakeview.
Property Size10,000 SF
Price / SF$160
Days on Market115
Property Features for 2911 S 7th Avenue
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1960
Listing Agency:
Century 21 Advantage
Listed By:
Daphney Massey · License #000082245
(205) 965-7733
Source:
Exitrealty
Added: Jun 17
Changed: Sep 29
Last Checked: Sep 29 at 8:28AM
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 Century 21 Advantage
Investment Insights
Based on property information with market context.
This 10,000 SF retail building is currently fully leased through January 2027, providing an occupied setup for the next lease term. The property also presents a renovation opportunity for a new owner, with the existing building offering a platform for updates and repositioning. Off-site tenant convenience is supported by 23 parking spaces.
Located in Lakeview, the building is positioned for walk-in and short-trip retail activity. Parking on site helps accommodate customers visiting the storefront rather than relying solely on street parking. The combination of retail use and available parking supports everyday retail operations.
For buyers, the property offers a stabilized configuration with in-place occupancy through January 2027, while still allowing flexibility to plan improvements. Tenants considering space in a well-parked retail building may find the setup practical for customer access. The renovation opportunity can be aligned with future leasing or brand standards, depending on how the buyer intends to manage the asset after the current term.
Located in Lakeview, the building is positioned for walk-in and short-trip retail activity. Parking on site helps accommodate customers visiting the storefront rather than relying solely on street parking. The combination of retail use and available parking supports everyday retail operations.
For buyers, the property offers a stabilized configuration with in-place occupancy through January 2027, while still allowing flexibility to plan improvements. Tenants considering space in a well-parked retail building may find the setup practical for customer access. The renovation opportunity can be aligned with future leasing or brand standards, depending on how the buyer intends to manage the asset after the current term.
Key Highlights
- 10,000 SF retail building in Lakeview
- Fully leased through Jan 2027
- 23 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,734
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,680
$2.0M
Cap Rate 7%
$1,396,200
$1.4M
Cap Rate 9%
$1,085,933
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$156.0K $15.60/SF
− Vacancy
−$16.4K −$1.64/SF
EGI
$139.6K $13.96/SF
− OpEx
−$41.9K −$4.19/SF
NOI
$97.7K $9.77/SF
Area
Birmingham, AL
Vacancy
10.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,680
Cap Rate 7%
$1,396,200
Cap Rate 9%
$1,085,933
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,734 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,304 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,634
Businesses Nearby
Explore this area
Business Placement
Demographics for 35233, AL
2,588
Population
2,710
Households
1
Avg Household Size
27
Median Age
90%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
1,725
Density / Sq Mi
$52,207
Median Household Income
$48,750
Median Earnings
$1,526
Median Rent
$332,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail building with renovation opportunity and 23 parking spaces in Lakeview.
Where is this retail space located?
The property is located at 2911 S 7th Avenue Birmingham, AL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 10,000 SF retail building in Lakeview; Fully leased through Jan 2027; 23 parking spaces
