Office Unit Near Retail
For Sale
Contact for pricing
5479 Highway 280, Birmingham, AL 35242
Office space in a mixed-use center with nearby restaurant and retail activity along a major commercial corridor.
Property Size27,250 SF
Price / SF$0.11
Days on Market56
Property Features for 5479 Highway 280
General Information
Standard status
Active
Size
27,250 SF
Additional Details
Furnished
Yes
Highway Access
Yes
Building Details
Year Built
2005
Listing Agency:
Keller Williams Metro South
Listed By:
Phyllis Bolena · License #108934
(205) 240-8066
Source:
Alrealtorgroup
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 7 at 5:43PM
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 Keller Williams Metro South
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Investment Insights
Based on property information with market context.
This office unit offers approximately 1,200 SF within Arbor Place Mall, a mixed-use center containing office, retail, and restaurant suites. Office furniture may remain with the space at no additional cost.
The property is located at 5479 Highway 280 in Birmingham, within the Inverness/Greystone corridor. First Watch and Craft Burger are situated a short walk along the sidewalk, while the center benefits from exposure to approximately 70,000 vehicles passing daily on Highway 280. The building was constructed in 2005.
The property is located at 5479 Highway 280 in Birmingham, within the Inverness/Greystone corridor. First Watch and Craft Burger are situated a short walk along the sidewalk, while the center benefits from exposure to approximately 70,000 vehicles passing daily on Highway 280. The building was constructed in 2005.
Key Highlights
- Approximately 1,200+/- SF office space
- Located at 5479 Highway 280, Birmingham, AL 35242
- Approximately 70,000 vehicles passing daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$316,373
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,327,460
$6.3M
Cap Rate 7%
$4,519,614
$4.5M
Cap Rate 9%
$3,515,256
$3.5M
Market Conditions
NOI Build-Up for 27,250 SF
Gross rent
$588.6K $21.60/SF
− Vacancy
−$82.4K −$3.02/SF
EGI
$506.2K $18.58/SF
− OpEx
−$189.8K −$6.97/SF
NOI
$316.4K $11.61/SF
Area
Birmingham, AL
Vacancy
14.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,327,460
Cap Rate 7%
$4,519,614
Cap Rate 9%
$3,515,256
Alternative Uses
Best Use
Office B
$4.68M
$4.09M – $5.45M
NOI $327,286 @ 7.0% cap · market cap 11,094.44%
Second Best
Mixed Use
$4.52M
$3.95M – $5.27M
NOI $316,373 @ 7.0% cap · market cap 10,724.51%
Theoretical Best
Office A
$6.40M
$5.60M – $7.46M
NOI $447,728 @ 7.0% cap · market cap 15,177.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
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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 unit - Office space in a mixed-use center with nearby restaurant and retail activity along a major commercial corridor.
Where is this office unit located?
The property is located at 5479 Highway 280 Birmingham, AL.
What are key features of this property?
This property features: Approximately 1,200+/- SF office space; Located at 5479 Highway 280, Birmingham, AL 35242; Approximately 70,000 vehicles passing daily
