Building Details

Year Built 1993

Listing Agency: Keller Williams Homewood

Listed By: Frances Knox · License #30859 Show Phone

Source: Soldbystratford

Added: Sep 5 Changed: Oct 6 Last Checked: Oct 7 at 1:21PM

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Investment Insights

Based on property information with market context.

The 1,767-square-foot restaurant building at 5303 1st Ave includes a front dining area and a rear food-preparation section with a covered pit and grill/vent equipment. The floor plan also provides two half baths, a utility closet, and a broom closet. Entry and restroom access are handicap compliant. The hood vent has a dedicated sprinkler system, while the property is offered in its current condition.

The sale includes 5305 1st Avenue N. The property is near the Woodlawn Post Office, approximately two blocks from a bus stop and four blocks from the Woodlawn East Transit Center. Access is available from Hwy 280, I-20, and Hwy 78. MU-M zoning is identified by the Birmingham Zoning Office.

Key Highlights

• 1,767‑square‑foot restaurant building
• Sale includes 5305 1st Avenue N
• Front dining area and rear food‑preparation space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,122

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$162,440 $162.4K

Cap Rate 7%

$116,029 $116.0K

Cap Rate 9%

$90,244 $90.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,767 SF

Gross rent

$12.7K $7.20/SF

− Vacancy

−$1.1K −$0.63/SF

EGI

$11.6K $6.57/SF

− OpEx

−$3.5K −$1.97/SF

NOI

$8.1K $4.60/SF

Area

Birmingham, AL

Vacancy

8.80%

Lease Rate

$7.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$162,440

Cap Rate 7%

$116,029

Cap Rate 9%

$90,244

Alternative Uses

Best Use

Specialty Retail

$313.5K

$274.3K – $365.8K (±1% cap)

NOI $21,946 @ 7.0% cap · market cap 12.54%

Second Best

Industrial

$116.0K

$101.5K – $135.4K (±1% cap)

NOI $8,122 @ 7.0% cap · market cap 4.64%

Theoretical Best

Office A

$414.8K

$362.9K – $483.9K (±1% cap)

NOI $29,033 @ 7.0% cap · market cap 16.59%

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

Property Analytics

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Current Use

205 Ridez Auto ... Car Wash Moneyco USA Taxes Tax Preparation

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Parts Store Spa & Massage Center Big Box & Wholesale Store

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

Yes

Highway access

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

580

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 35212, AL

11,240

Population

5,537

Households

2

Avg Household Size

34

Median Age

33%

College-Educated

87%

High-School Grad

6.2 sq mi

ZIP Area

1,813

Density / Sq Mi

$34,565

Median Household Income

$37,264

Median Earnings

$754

Median Rent

$210,400

Median Home Value

Market

Vacancy Rate% for Retail in Birmingham, AL

8.1% 2019

7.3% 2020

6.4% 2021

5.9% 2022

5% 2023

6% 2024

6.1% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing restaurant layout includes food preparation space, accessible restrooms, and MU-M zoning.

Where is this conventional restaurant located?

The property is located at 5303 1st Ave Birmingham, AL.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 1,767‑square‑foot restaurant building; Sale includes 5305 1st Avenue N; Front dining area and rear food‑preparation space