Office
3500 Blue Lake Drive, Birmingham, AL 35243
For Sale
Contact for pricing
Commercial property at 3500 Blue Lake Drive in Birmingham, Alabama.
Property Size166,779 SF
Days on Market103
Property Features for 3500 Blue Lake Drive
General Information
Standard status
Size
Class
Property subtype
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Properties For Sale
at 3500 Blue Lake Drive Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| Suite 100 | 5,404 SF | — | — | — | Contact us |
| Suite 100-A | 19,895 SF | — | — | — | Contact us |
| Suite 115 | 2,339 SF | — | — | — | Contact us |
| Suite 150 | 11,726 SF | — | — | — | Contact us |
| Suite 198 | 2,200 SF | — | — | — | Contact us |
| Suite 208 | 3,784 SF | — | — | — | Contact us |
| Suite 208-A | 8,370 SF | — | — | — | Contact us |
| Suite 210-A | 3,784 SF | — | — | — | Contact us |
| Suite 225 | 3,241 SF | — | — | — | Contact us |
| Suite 225-A | 5,314 SF | — | — | — | Contact us |
| Suite 230-A | 2,073 SF | — | — | — | Contact us |
| Suite 260 | 2,681 SF | — | — | — | Contact us |
| Suite 260-A | 4,099 SF | — | — | — | Contact us |
| Suite 285 | 1,675 SF | — | — | — | Contact us |
| Suite 330 | 15,844 SF | — | — | — | Contact us |
| Suite 400 | 3,828 SF | — | — | — | Contact us |
| Suite 420 | 1,346 SF | — | — | — | Contact us |
| Suite 425 | 3,231 SF | — | — | — | Contact us |
| Suite 480 | 2,081 SF | — | — | — | Contact us |
Show all 19 spaces
Listing Agency:
Cushman & Wakefield EGS
Listed By:
William Ledbetter · License AL #000091416
(205) 314-5561
Source:
Egsinc
Added: Jul 30
Changed: Nov 8
Last Checked: Nov 8 at 4:48AM
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 Cushman & Wakefield EGS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is located at 3500 Blue Lake Drive in Birmingham, AL 35243.
Key Highlights
- 3500 Blue Lake Drive, Birmingham, AL 35243
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,003,099
Suggested Prices Based on Cap Rates
Cap Rate 5%
$40,061,980
$40.1M
Cap Rate 7%
$28,615,700
$28.6M
Cap Rate 9%
$22,256,656
$22.3M
Market Conditions
NOI Build-Up for 166,779 SF
Gross rent
$3.40M $20.40/SF
− Vacancy
−$731.5K −$4.39/SF
EGI
$2.67M $16.01/SF
− OpEx
−$667.7K −$4.00/SF
NOI
$2.00M $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%
$40,061,980
Cap Rate 7%
$28,615,700
Cap Rate 9%
$22,256,656
Alternative Uses
Best Use
Office B
$28.62M
$25.04M – $33.38M
NOI $2,003,099 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$39.15M
$34.25M – $45.67M
NOI $2,740,246 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 35243, AL
21,607
Population
10,027
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
99%
High-School Grad
12.5 sq mi
ZIP Area
1,729
Density / Sq Mi
$99,063
Median Household Income
$66,621
Median Earnings
$1,632
Median Rent
$484,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Birmingham
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office building - Commercial property at 3500 Blue Lake Drive in Birmingham, Alabama.
Where is this office building located?
The property is located at 3500 Blue Lake Drive Birmingham, AL.
What are key features of this property?
This property features: 3500 Blue Lake Drive, Birmingham, AL 35243
