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    5425 Us-280 Birmingham, AL 35242

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    For Lease
    Contact for pricing

    2,960 SF Flex Space; Ground Lease Only

    Lot size:
    2,960 SF

    Property Features for 5425 Us-280

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,960 SF
    Total Rate
    246.67

    Spaces For Lease

    at 5425 Us-280, Birmingham, AL 35242 Contact us
    Unit

    $4,000 /Mo

    Size
    2,960 SF
    Contact us

    We can help!

    Listing Contact
    Austin Blair
    Austin Blair

    Listing Agency: LAH Commercial Real Estate Mountain Brook Listing Agent: Austin Blair

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

    Learn more

    Overview

    This exceptional 2,960-square-foot flex space property, located at 5425 US Highway 280 in Shelby County, Alabama, presents a unique investment opportunity. Currently offered as a ground lease, the property boasts a prime location on a high-traffic corridor with over 58,520 vehicles passing daily. The site features approximately 102 feet of frontage on Highway 280, ensuring excellent visibility and accessibility. Previously developed as a car wash in 2003, the building comprises five bays, one automated tunnel wash, an equipment room, and a storage area. While the car wash has been inactive for over five years, the existing infrastructure offers potential for repurposing or redevelopment. This adaptable space is suitable for a variety of uses, capitalizing on its strategic location within one of Alabama's fastest-growing counties. The property's proximity to upscale residential communities further enhances its appeal and potential for strong returns. The single-tenant occupancy provides simplicity and control, making this an attractive proposition for investors seeking a high-traffic, strategically located property with significant redevelopment potential. The property is classified as Retail, Industrial, and Special Purpose, offering flexibility for a range of business ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.66466884694
    Latitude
    33.41442193153

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    FAQs

    What type of property is this?
    Flex space - 2,960 SF Flex Space; Ground Lease Only
    Where is this flex space located?
    The property is located at 5425 Us-280 Birmingham, AL.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Ground lease only.; 2,960 SF flex space, formerly a car wash (currently vacant).; High traffic count: over 58,520 vehicles per day (VPD), 102 feet of Hwy 280 frontage.
    (205) 478-7805 Call to check price and availability
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    5425 Us-280 Birmingham, AL 35242
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    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
    5425 Us-280 Birmingham, AL 35242
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    Contact for Pricing
    Please call us for current price
    and status of this listing Austin Blair
    Austin Blair
    Real Estate License ID: 000075950
    (205) 478-7805
    Learn more
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