Renovated Office Building For
7 Huddle Drive Birmingham, AL 35242
7 Huddle Drive, Birmingham, AL, 35242
Contact for pricing
For Sale
Contact for pricing
Office building renovated in 2018, near medical facilities.
Property Size7,200 SF
Price / SF$333.33
Days on Market1675
Property Features for 7 Huddle Drive
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 2018
Listing Agency
Shannon Waltchack
Listed by
Wallace Schmuck · License #AL 121093
Source
Crexi
Added: Dec 15, 2021 Checked: Jul 15 at 1:30 pm
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 Shannon Waltchack
Investment Insights
Based on property information with market context.
This office building, available for sale, was fully renovated in 2018. It is located at the intersection of Highway 280 and Highway 119, across from the Brookwood Freestanding Emergency Room and one minute from St. Vincent’s 119. The property is approximately 3 miles from Grandview Medical Center and offers ample parking. The building has a size of 7,200 square feet.
Key Highlights
- Fully renovated in 2018
- Located at the Highway 280/119 intersection
- Ample parking
Local Financial Insights For Office B
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 | $146.9k | $20.40 |
| − Vacancy | −$31.6k | −$4.39 |
| EGI | $115.3k | $16.01 |
| − OpEx | −$28.8k | −$4.00 |
| NOI | $86.5k | $12.01 |
7,200 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,476 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,299 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kittinger Ron MD
Pediatrician
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FAQs
What type of property is this?
Office building - Office building renovated in 2018, near medical facilities.
Where is this office building located?
The property is located at 7 Huddle Drive Birmingham, AL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Fully renovated in 2018; Located at the Highway 280/119 intersection; Ample parking
