608 31st Street North Birmingham, AL 35203
High-visibility commercial restaurant with redevelopment potential in Birmingham, Alabama.
- Added:
- May 9, 2026
- Days on Market:
- 64
- Last Refresh:
- Jul 2 at 7:23 am
Property Features for 608 31st Street North
General Information
- Standard status
- Active
- Size
- 3,304 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1956
Listing office Keller Williams Metro South
Listing date May 9, 2026
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility commercial restaurant property with existing operational restaurant.
- Flexible M‑2 Heavy Industrial zoning allows for diverse commercial and industrial uses.
- Strong redevelopment potential for various business types.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.5k | $18.00 |
| − Vacancy | −$4.8k | −$1.44 |
| EGI | $54.7k | $16.56 |
| − OpEx | −$13.7k | −$4.14 |
| NOI | $41.0k | $12.42 |
