Office Unit For
3055 Lorna Rd Birmingham, AL 35216
3055 Lorna Rd, Birmingham, AL, 35216
Contact for pricing
For Sale
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Office unit with 3,485 square feet of space.
Property Size3,485 SF
Price / SF$387.37
Days on Market126
Property Features for 3055 Lorna Rd
General Information
- Standard status
- Active
- Size
- 3,485 SF
- Property subtype
- Office
Listing Agency
JH Berry
Listed by
Christopher Thames · License #AL 000071659
Source
Crexi
Added: Mar 13 Checked: Jul 16 at 8:53 am
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 JH Berry
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office unit with a total area of 3,485 square feet. The property is located on Lorna Road in Birmingham, Alabama.
Key Highlights
- Office Property
- 3,485 SqFt
Local 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 | $71.1k | $20.40 |
| − Vacancy | −$15.3k | −$4.39 |
| EGI | $55.8k | $16.01 |
| − OpEx | −$14.0k | −$4.00 |
| NOI | $41.9k | $12.01 |
3,485 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.0K
$523.2K – $697.6K
NOI $41,857 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$818.0K
$715.8K – $954.3K
NOI $57,260 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LeCroy Dental PC
Dental Office
Dr. Adam B. ...
Dental Office
Cornerstone Dental Services
Dental Office
Cardinal Wellness
Crisis Center
Wellness WorX
Wellness Program
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FAQs
What type of property is this?
Office units - Office unit with 3,485 square feet of space.
Where is this office units located?
The property is located at 3055 Lorna Rd Birmingham, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Office Property; 3,485 SqFt
