Updated Versatile Property For
3963 Lorna Road, Birmingham, AL 35244
Updated 2 bedroom, 2 bathroom property with C-3 zoning.
Type:Commercial/Industrial
Property size:
1,532 SFLot size:
0.36 AcresPrice / SF:
$192/SF- Added:
- Mar 28, 2026
- Days on Market:
- 66
- Last Refresh:
- Apr 7 at 9:05 pm
Property Features for 3963 Lorna Road
General Information
- Standard status
- Active
- Size
- 1,532 SF
- Lot size
- 0.36 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1963
Listing agent Cody Perry (205) 249-1059
Listing office Keller Williams Realty Vestavia (205) 249-1059
Listing date Mar 28, 2026
Source Exitrealty
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 Vestavia
HighLights
- Move‑in ready with extensive updates: new flooring, kitchen appliances and cabinets, HVAC, windows, back deck, electrical, plumbing, and water heater.
- Zoned C‑3, suitable for a small office or business.
- Prime location: minutes from the Galleria, AL‑150, shopping, and dining.
- Large basement with potential for customization.
- Spacious .36 acre lot with a privacy fence.
- Charming back deck overlooking a private yard.
Overview
This updated property features 2 bedrooms and 2 bathrooms and is situated on 0.36 acres, enclosed by a wooden privacy fence. The property is move-in ready, featuring new flooring, kitchen appliances and cabinets, HVAC, windows, a back deck, electrical system, plumbing, and a water heater. Zoned C-3, it presents an opportunity for use as a small office, with additional potential in the large basement space. A back deck overlooks the private yard. The property is located minutes from the Galleria and AL-150, as well as shopping and dining options.
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 | $31.3k | $20.40 |
| − Vacancy | −$6.7k | −$4.39 |
| EGI | $24.5k | $16.01 |
| − OpEx | −$6.1k | −$4.00 |
| NOI | $18.4k | $12.01 |
1,532 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$262.9K
$230.0K – $306.7K
NOI $18,400 @ 7.0% cap · market cap 6.24%
Second Best
Mixed Use
$254.1K
$222.3K – $296.5K
NOI $17,787 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$359.6K
$314.6K – $419.5K
NOI $25,171 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.8127608
- Latitude
- 33.3662332
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Updated 2 bedroom, 2 bathroom property with C-3 zoning.
Where is this office units located?
The property is located at 3963 Lorna Road Birmingham, AL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Move‑in ready with extensive updates: new flooring, kitchen appliances and cabinets, HVAC, windows, back deck, electrical, plumbing, and water heater.; Zoned C‑3, suitable for a small office or business.; Prime location: minutes from the Galleria, AL‑150, shopping, and dining.
