Building Details

Building Size 6,861 SF

Listed By: Jack Little Show Phone

Source: Redrockrg

Added: Apr 8 Changed: Oct 14 Last Checked: Oct 19 at 4:54AM

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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 Jack Little

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Investment Insights

Based on property information with market context.

This fully renovated historic office building provides a quiet, private setting and a practical internal layout for professional use. The space includes eight private offices, a large waiting room, and a reception area with a back office. It also features a full kitchen area and ample break space, along with large outdoor patio areas for tenant use.

The property is located just off I-459 at Liberty Park in the City of Irondale and offers plentiful parking for visitors and staff.

Overall, the building is configured around a reception and waiting area, supported by multiple private offices, kitchen/break amenities, and outdoor patio space.

Key Highlights

• Fully renovated historic office building just off I‑459 near Liberty Park
• 8 private offices plus large waiting room and back‑office reception area
• Dedicated kitchen/break area for staff and guests

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,404

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,648,080 $1.6M

Cap Rate 7%

$1,177,200 $1.2M

Cap Rate 9%

$915,600 $915.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,861 SF

Gross rent

$140.0K $20.40/SF

− Vacancy

−$30.1K −$4.39/SF

EGI

$109.9K $16.01/SF

− OpEx

−$27.5K −$4.00/SF

NOI

$82.4K $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%

$1,648,080

Cap Rate 7%

$1,177,200

Cap Rate 9%

$915,600

Alternative Uses

Best Use

Office B

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,404 @ 7.0% cap · market cap 5.51%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,729 @ 7.0% cap · market cap 7.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Integrated Behavioral Health Counselor Moore Law Group Law Firm Dr. Justin Parrott Physician Yelena Chistyakova Physician MARK RYNDA Physician

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Big Box & Wholesale Store Storage Facility Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Office units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

88

Businesses Nearby

Explore this area Business Placement

Demographics for 35210, AL

14,344

Population

7,204

Households

2

Avg Household Size

43

Median Age

46%

College-Educated

95%

High-School Grad

24.9 sq mi

ZIP Area

576

Density / Sq Mi

$72,632

Median Household Income

$48,194

Median Earnings

$1,164

Median Rent

$247,600

Median Home Value

Market

Vacancy Rate% for Office in Birmingham, AL

16.6% 2019

16.9% 2020

18% 2021

19.6% 2022

19% 2023

20.2% 2024

19.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Historic office building offers eight private offices, a large waiting room, and a dedicated outdoor patio area.

Where is this office building located?

The property is located at 4984 Overton Rd Birmingham, AL.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: Fully renovated historic office building just off I‑459 near Liberty Park; 8 private offices plus large waiting room and back‑office reception area; Dedicated kitchen/break area for staff and guests