Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Inverness Center Dr Birmingham, AL 35242

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A Office Building, Birmingham, AL

    Lot size:
    148,877 SF

    Property Features for 0 Inverness Center Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    148,877 SF
    Class
    A
    Total Rate
    241925.13

    Building Details

    Year Built
    1985
    Buildings
    2

    Spaces For Lease

    at 0 Inverness Center Dr, Birmingham, AL 35242 Contact us
    Unit Available Space

    $19 /Mo

    Size
    148,877 SF
    Contact us

    We can help!

    Listing Contact
    Randy Thomas
    Randy Thomas

    Listing Agency: NAI Chase Commercial | Birmingham Listing Agent: Randy Thomas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A office building, 40 Inverness Center North, presents a unique opportunity in Birmingham, Alabama. Located in the prestigious Inverness Center Master Planned Urban Development, this property boasts a total of 148,877 square feet across two buildings. Currently, the entire 148,877 square feet is available for a single tenant. Built in 1985, the building offers a desirable executive office space within a thriving business location. The property's prime location in Hoover, at the intersection of I-459 and US Hwy 280, provides unparalleled access to major transportation arteries. Enjoy a picturesque setting with views of Memorial Lake, complemented by outdoor seating and walking trails. The surrounding area is rich in amenities, including high-end retail, service retail, banking facilities, daycare centers, and a variety of restaurants. This is an ideal location for businesses seeking a prestigious address and a vibrant, amenity-rich environment. The property's address is Inverness Center Dr, Birmingham, AL 35242. This is a single-tenant occupancy opportunity in a highly sought-after location. The building's suburban setting offers a unique blend of natural beauty and convenient access to a wide range of businesses and services. This is a rare chance to secure a significant amount of Class A office space in a prime Birmingham location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Double Oak Mountain ... Dental Office Crew Lending Loan Service Inverness Family Dentistry ... Dental Office Brewer D Matson ... Dental Office Dr. Chris D. ... Dental Office

    Map

    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.702558
    Latitude
    33.4187898

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      AL, Birmingham - 1st Ave N

      Flexible workspace in IL, Hoffman Estates - Prairie Stone Pkwy
      2129 1St Ave, Birmingham, AL 35203
      View Details
    • New
      Contact for pricing

      Perimeter Park

      Discover many ways to work your way in Perimeter Park
      1 Perimeter Park, Birmingham, AL 35243
      View Details
    • Sponsored
      New
      Contact for pricing

      Meadow Brook

      Discover many ways to work your way in Meadow Brook
      Birmingham, AL 35242
      View Details
    • New
      Contact for pricing

      AL Birmingham Regus Shipt Tower

      Discover many ways to work your way in AL Birmingham Regus Shipt Tower
      420 Birmingham St, Birmingham, AL 35203
      View Details
    • New
      Contact for pricing

      Chase Corporate Center

      Discover many ways to work your way in Chase Corporate Center
      1 Chase Corporate Dr, Birmingham, AL 35244
      View Details
    • New
      Contact for pricing

      Perimeter Park

      Discover many ways to work your way in Southbridge
      2100 Southbridge Pkwy, Birmingham, AL 35209
      View Details
    • $26 SF/Yr

      SouthBridge Office Suites Available

      Contiguous office spaces with amenities in central Birmingham location.
      2000-2100 Southbridge Pkwy, Birmingham, AL 35209
      View Details
    • $2,400 /Mo

      Avondale Flex Space For Lease

      Newly renovated flex space in Avondale, near downtown Birmingham.
      4720 1St Ave North, Birmingham, AL 35222
      View Details
    • Contact for pricing

      Downtown Birmingham Entertainment Corridor Retail

      Retail space in downtown Birmingham's entertainment district.
      2008-2018 2Nd Ave North, Birmingham, AL 35203
      View Details
    • $8 SF/Yr

      Messer Airport Highway Flex Space

      12,000 SF flex space near Birmingham's CBD for lease.
      3230 Messer Airport Hwy, Birmingham, AL 35222
      View Details
    • $27 SF/Yr

      Retail/Office Building on Highway 280

      Two-story building with retail or office use on Highway 280.
      5235 Highway 280, Birmingham, AL 35242
      View Details

    FAQs

    What type of property is this?
    Office property - Class A Office Building, Birmingham, AL
    Where is this office property located?
    The property is located at Inverness Center Dr Birmingham, AL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Undergoing renovations.; 1,500 to 148,877 square feet available.; Prime Highway 280 location.
    (205) 229-5417 Call to check price and availability
    Request Owner's contact information
    Inverness Center Dr Birmingham, AL 35242
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Inverness Center Dr
    Birmingham, AL 35242
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Inverness Center Dr Birmingham, AL 35242
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Thomas
    Randy Thomas
    Real Estate License ID: 000053820
    (205) 229-5417 (205) 201-7300 (205) 201-7309
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!