Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    430 Green Springs Hwy Homewood, AL 35209

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available in a busy, retail-centered Homewood location.

    Type:Office
    Added:
    May 14, 2019
    Days on Market:
    2545
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 430 Green Springs Hwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 430 Green Springs Hwy Contact us

    Unit 15 $18 /Mo

    Size
    3,200 SF
    Type
    Office
    Contact us

    Unit 20 $15 /Mo

    Size
    3,666 SF
    Type
    Office
    Contact us

    Unit 12 $15 /Mo

    Size
    1,636 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Casey Howard

    Listing agent Casey Howard License #AL 000110233

    Listing office Harbert Realty Services

    Listing date May 14, 2019

    Source Crexi

    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 Harbert Realty Services

    Overview

    Office Space in Homewood Center

    Located at the intersection of Green Springs Highway and Oxmoor Road, this property offers easy access to I-65. The location is in an Aldi-anchored shopping center with a diverse mix of retail stores. The center is surrounded by an excellent mix of businesses, restaurants, and retailers. Situated 5 miles south of downtown Birmingham on a dense commercial corridor, nearby attractions include the Birmingham Zoo, Red Mountain Park, Vestavia Country Club, Brookwood Baptist Medical Center, and Samford University.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homewood
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8113
    Latitude
    33.465

    Nearby Similar for Lease

    • $21 SF/Yr

      Class A Office Space

      Modern office building with versatile layouts and ample parking.
      200 Wildwood Pkwy, Homewood, AL 35209
      View Details
    • $11 SF/Yr

      Industrial Building with Renovated Office

      6,598 SF industrial building in Oxmoor submarket for lease.
      205 Citation Court, Birmingham (Homewood), AL 35209
      View Details
    • Contact for pricing

      West Oxmoor Warehouse Space Available

      33,000 SF warehouse with cooler/freezer and office space.
      19 West Oxmoor Road, Homewood, AL 35209
      View Details
    • Contact for pricing

      Retail Space in Homewood, Alabama

      Retail spaces available in busy Green Springs corridor.
      100 Green Springs Highway, Homewood, AL 35209
      View Details
    • $7 SF/Yr

      Warehouse Space with Excellent Access

      Open warehouse space with convenient access to major transportation routes.
      200 West Oxmoor Rd (Distribution Dr), , Homewood, AL 35209
      View Details
    • $11 SF/Yr

      Office/Warehouse Space with Dock-High Loading

      3,250 SF office/warehouse with dock-high loading, available now.
      128 Citation Ct, Homewood, AL
      View Details
    • Contact for pricing

      Retail Space in Wildwood Centre

      Retail space in a power center near downtown Birmingham.
      255 Lakeshore Pkwy, Homewood, AL
      View Details
    • Contact for pricing

      Retail

      231 State Farm Pkwy, Homewood, AL 35209
      View Details
    • Contact for pricing

      Office Space in Homewood

      Office space with access to amenities and major highways.
      2501 20th Pl S, Homewood, AL 35223
      View Details
    • Contact for pricing

      Office and Flex Space Available

      Suites with private entrances, restrooms, and ample parking.
      100 Oxmoor Blvd, Homewood, AL 35209
      View Details
    • Contact for pricing

      Office Spaces in Independence Plaza

      Office spaces for lease in downtown Homewood's landmark tower.
      One Independence Plaza, Homewood, AL 35209
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available in a busy, retail-centered Homewood location.
    Where is this office units located?
    The property is located at 430 Green Springs Hwy Homewood, AL.
    What are key features of this property?
    This property features: Aldi‑anchored shopping center for reliable customer traffic.; Easy access to I‑65.; Located on Green Springs Hwy and Oxmoor Road.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Casey Howard
    Real Estate License ID: AL 000110233
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!