Mixed-Use Building with
3633 LORNA ROAD, Birmingham, AL 35216
For Sale
Contact for pricing
Upper-level offices have a separate private entrance and four individual suites.
Property Size6,752 SF
Price / SF$1.48
Days on Market139
Property Features for 3633 LORNA ROAD
General Information
Standard status
Size
Property subtype
Zoning
Amenities
retail gondolas
walk-in cooler
high ceilings
checkout/counter areas
separate private entrance
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Hoover
Listed By:
Sal Jan · License #86827
(205) 292-8764
Source:
Rightspacecre
Added: Jun 22
Changed: Nov 7
Last Checked: Nov 7 at 12:42PM
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 Keller Williams Realty Hoover
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.
The property combines approximately 5,200 SF of main-level retail space with four private office suites upstairs. The retail area includes gondolas, a walk-in cooler, high ceilings, and checkout counters. Select furniture is available for the office suites, which range from approximately 100 SF to 500 SF and have a separate private entrance. The property was built in 1989 and is zoned C-2.
Front and rear parking serve the building.
Front and rear parking serve the building.
Key Highlights
- Approximately 5,200 SF of retail space on the main level
- Four upper‑level private office suites, approximately 100 SF to 500 SF each
- Separate private entrance for the upper‑level offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,990
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,800
$1.3M
Cap Rate 7%
$942,714
$942.7K
Cap Rate 9%
$733,222
$733.2K
Market Conditions
NOI Build-Up for 6,752 SF
Gross rent
$105.3K $15.60/SF
− Vacancy
−$11.1K −$1.64/SF
EGI
$94.3K $13.96/SF
− OpEx
−$28.3K −$4.19/SF
NOI
$66.0K $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%
$1,319,800
Cap Rate 7%
$942,714
Cap Rate 9%
$733,222
Alternative Uses
Best Use
Mixed Use
$1.12M
$979.9K – $1.31M
NOI $78,391 @ 7.0% cap · market cap 783.91%
Second Best
Retail
$942.7K
$824.9K – $1.10M
NOI $65,990 @ 7.0% cap · market cap 659.90%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,938 @ 7.0% cap · market cap 1,109.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,064
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 Retail in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level offices have a separate private entrance and four individual suites.
Where is this mixed-use property located?
The property is located at 3633 LORNA ROAD Birmingham, AL.
What are key features of this property?
This property features: Approximately 5,200 SF of retail space on the main level; Four upper‑level private office suites, approximately 100 SF to 500 SF each; Separate private entrance for the upper‑level offices
