34-Story Office
For Sale
Contact for pricing
420 20th St N, Birmingham, AL 35203
For-sale 34-story office tower in downtown Birmingham, offering multiple floors for professional tenant operations.
Property Size514,893 SF
Days on Market146
Property Features for 420 20th St N
General Information
Standard status
Active
Size
514,893 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Site & Location
Neighborhood
Central City
Building Details
Building Size
514,893 SF
Year Built
1986
Stories
34
Properties For Sale
at 420 20th St N Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| Suite 1200 | 16,927 SF | Office Building | — | — | Contact us |
| Suite 1400 | 16,927 SF | Office Building | — | — | Contact us |
| Suite 1500 | 16,927 SF | Office Building | — | — | Contact us |
| Suite 1600 | 16,927 SF | Office Building | — | — | Contact us |
| Suite 1700 | 16,927 SF | Office Building | — | — | Contact us |
| Suite 1825 | 5,862 SF | Office Building | — | — | Contact us |
| Suite 2250 | 3,384 SF | Office Building | — | — | Contact us |
| Suite 2325 | 6,152 SF | Office Building | — | — | Contact us |
| Suite 2450 | 4,463 SF | Office Building | — | — | Contact us |
| Suite 2475 | 4,181 SF | Office Building | — | — | Contact us |
| Suite 2525 | 3,448 SF | Office Building | — | — | Contact us |
| Suite 2550 | 1,570 SF | Office Building | — | — | Contact us |
| Suite 2570 | 3,342 SF | Office Building | — | — | Contact us |
| Suite 2700 | 5,096 SF | Office Building | — | — | Contact us |
| Suite 2750 | 12,329 SF | Office Building | — | — | Contact us |
| Suite 2800 | 17,425 SF | Office Building | — | — | Contact us |
| Suite 400 | 14,834 SF | Office Building | — | — | Contact us |
Show all 17 spaces
Listing Agency:
Cushman & Wakefield EGS
Listed By:
Nick Vogel
(205) 314-5552
Source:
Egsinc
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 24 at 2:40PM
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.
Shipt Tower presents a modern office building opportunity with a prominent 34-floor presence. As an office-focused asset, it is suited for organizations looking for a multi-level environment designed for day-to-day business use within a high-rise setting.
Located in downtown Birmingham, the building’s central positioning supports easy access for office tenants and visitors in the immediate urban core. The tower format also provides flexibility for organizations seeking space across different floors, depending on occupancy requirements.
For buyers evaluating office properties, Shipt Tower offers a straightforward high-rise office configuration and a scale that can accommodate a range of office programs. For tenants, the building’s multi-floor nature supports office requirements that may change over time, allowing teams to align their footprint with the available floor-by-floor space. Interested parties can coordinate directly regarding the for-sale process and leasing opportunities associated with the tower.
Located in downtown Birmingham, the building’s central positioning supports easy access for office tenants and visitors in the immediate urban core. The tower format also provides flexibility for organizations seeking space across different floors, depending on occupancy requirements.
For buyers evaluating office properties, Shipt Tower offers a straightforward high-rise office configuration and a scale that can accommodate a range of office programs. For tenants, the building’s multi-floor nature supports office requirements that may change over time, allowing teams to align their footprint with the available floor-by-floor space. Interested parties can coordinate directly regarding the for-sale process and leasing opportunities associated with the tower.
Key Highlights
- 1986‑built 34‑story office tower in downtown Birmingham
- Multi‑floor configuration for professional tenant operations
- Shipt Tower is a downtown Birmingham office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,184,122
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,682,440
$123.7M
Cap Rate 7%
$88,344,600
$88.3M
Cap Rate 9%
$68,712,467
$68.7M
Market Conditions
NOI Build-Up for 514,893 SF
Gross rent
$10.50M $20.40/SF
− Vacancy
−$2.26M −$4.39/SF
EGI
$8.25M $16.01/SF
− OpEx
−$2.06M −$4.00/SF
NOI
$6.18M $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%
$123,682,440
Cap Rate 7%
$88,344,600
Cap Rate 9%
$68,712,467
Alternative Uses
Best Use
Office B
$88.34M
$77.30M – $103.07M
NOI $6,184,122 @ 7.0% cap · market cap 25,241,314.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$120.86M
$105.75M – $141.00M
NOI $8,459,898 @ 7.0% cap · market cap 34,530,195.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 35203, AL
3,595
Population
2,114
Households
1.7
Avg Household Size
37
Median Age
41%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
1,712
Density / Sq Mi
$46,829
Median Household Income
$51,183
Median Earnings
$954
Median Rent
$288,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office building - For-sale 34-story office tower in downtown Birmingham, offering multiple floors for professional tenant operations.
Where is this office building located?
The property is located at 420 20th St N Birmingham, AL.
What are key features of this property?
This property features: 1986‑built 34‑story office tower in downtown Birmingham; Multi‑floor configuration for professional tenant operations; Shipt Tower is a downtown Birmingham office building
