Former Family Dollar
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For Sale
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4300 Vanderbilt Road, Birmingham, AL 35217
Former discount-retail storefront with commercial zoning and a 2016 construction date.
Property Size8,320 SF
Price / SF$204.33
Days on Market7
Property Features for 4300 Vanderbilt Road
General Information
Standard status
Active
Size
8,320 SF
Total Parking Spaces
35
Property subtype
Retail
Zoning
Commercial
Investment Type
Redevelopment
Additional Details
Traffic Count
35,000 vehicles/day
Building Details
Year Built
2016
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Nancy Miller, CCIM, MBA · License #GA 126108
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 8:44AM
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 Bull Realty
Investment Insights
Based on property information with market context.
The property is an 8,320-square-foot storefront formerly occupied by Family Dollar. Constructed in 2016, the building carries Commercial zoning and offers an existing retail-oriented format for a future occupant or repositioning plan.
The site is located at 4300 Vanderbilt Road in Birmingham, Alabama, with reported traffic of 35K vehicles per day. Its prior discount-retail use, established building improvements, and commercial zoning provide a clear foundation for evaluating continued retail occupancy or another permitted commercial use.
The site is located at 4300 Vanderbilt Road in Birmingham, Alabama, with reported traffic of 35K vehicles per day. Its prior discount-retail use, established building improvements, and commercial zoning provide a clear foundation for evaluating continued retail occupancy or another permitted commercial use.
Key Highlights
- 8,320‑square‑foot former Family Dollar storefront
- Commercial zoning
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,315
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,626,300
$1.6M
Cap Rate 7%
$1,161,643
$1.2M
Cap Rate 9%
$903,500
$903.5K
Market Conditions
NOI Build-Up for 8,320 SF
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.
Gross rent
$129.8K $15.60/SF
− Vacancy
−$13.6K −$1.64/SF
EGI
$116.2K $13.96/SF
− OpEx
−$34.8K −$4.19/SF
NOI
$81.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,626,300
Cap Rate 7%
$1,161,643
Cap Rate 9%
$903,500
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,315 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,701 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35217, AL
12,891
Population
6,196
Households
2.1
Avg Household Size
39
Median Age
11%
College-Educated
78%
High-School Grad
17.7 sq mi
ZIP Area
728
Density / Sq Mi
$38,769
Median Household Income
$31,210
Median Earnings
$835
Median Rent
$113,800
Median Home Value
Market
Vacancy Rate% for Retail in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Former discount-retail storefront with commercial zoning and a 2016 construction date.
Where is this storefront property located?
The property is located at 4300 Vanderbilt Road Birmingham, AL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 8,320‑square‑foot former Family Dollar storefront; Commercial zoning; Built in 2016
