Renovated Office Condo in
For Sale
Contact for pricing
500 Office Park Dr, Birmingham, AL 35223
Meticulously renovated office condo in the heart of Birmingham.
Property Size62,073 SF
Days on Market330
Property Features for 500 Office Park Dr
General Information
Standard status
Active
Size
62,073 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
62,073 SF
Properties For Sale
at 500 Office Park Dr Contact usSuite 350
Size
1,429 SF
Type
Office Building
Term
Negotiable
Suite 400
Size
5,442 SF
Type
Office Building
Term
Negotiable
Listed By:
Jerry Grant, CCIM · License #AL 000080935
(205) 871-7100
Source:
Grahamcompany
Added: Nov 21, 2025
Changed: Oct 13
Last Checked: Oct 16 at 5:57AM
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 Jerry Grant, CCIM
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Investment Insights
Based on property information with market context.
Located on the 4th Floor at 500 Office Park Dr in Birmingham, this 12,910 square foot office condo offers an opportunity to own office space in Mountain Brook Office Park. The property was meticulously renovated in 2021 and provides modern amenities. It is located in the affluent Midtown submarket of Birmingham. The building is well-positioned to cater to the demand for office space in the Birmingham area. The property is located in the City of Mountain Brook and has no city occupational taxes. The building has a conference room and remodeled common areas, including restrooms. Free ample surface parking is available. The property is prominently located in Mountain Brook Office Park on Hwy 280, with easy access to Elton B. Stephens Expressway, Hwy 31, and I-459. It is also in close proximity to hotels, restaurants, shopping, and desirable residential areas. The property presents a compelling prospect for those seeking to own their own space while being able to lease.
Key Highlights
- Prime location in Mountain Brook Office Park, the heart of Midtown Birmingham's most affluent submarket.
- Meticulously renovated 12,910 SF office condo (2021) with modern amenities.
- Opportunity to own and lease office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$745,528
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,910,560
$14.9M
Cap Rate 7%
$10,650,400
$10.7M
Cap Rate 9%
$8,283,644
$8.3M
Market Conditions
NOI Build-Up for 62,073 SF
Gross rent
$1.27M $20.40/SF
− Vacancy
−$272.3K −$4.39/SF
EGI
$994.0K $16.01/SF
− OpEx
−$248.5K −$4.00/SF
NOI
$745.5K $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%
$14,910,560
Cap Rate 7%
$10,650,400
Cap Rate 9%
$8,283,644
Alternative Uses
Best Use
Office B
$10.65M
$9.32M – $12.43M
NOI $745,528 @ 7.0% cap · market cap 3,042,971.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.57M
$12.75M – $17.00M
NOI $1,019,884 @ 7.0% cap · market cap 4,162,791.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
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Business Placement
Demographics for 35223, AL
11,972
Population
4,743
Households
2.5
Avg Household Size
43
Median Age
84%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$155,079
Median Household Income
$82,862
Median Earnings
$1,372
Median Rent
$744,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Office units - Meticulously renovated office condo in the heart of Birmingham.
Where is this office units located?
The property is located at 500 Office Park Dr Birmingham, AL.
What are key features of this property?
This property features: Prime location in Mountain Brook Office Park, the heart of Midtown Birmingham's most affluent submarket.; Meticulously renovated 12,910 SF office condo (2021) with modern amenities.; Opportunity to own and lease office space.
