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

    1143 1St Ave Birmingham, AL 35233

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

    12,574 SF Move-In Ready Office Space in Birmingham, AL

    Lot size:
    140,000 SF

    Property Features for 1143 1St Ave

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    140,000 SF
    Class
    A
    Total Rate
    379166.67

    Building Details

    Year Built/Renovated
    1927/2019
    Stories
    3

    Spaces For Lease

    at 1143 1St Ave, Birmingham, AL 35233 Contact us
    Unit Suite 113

    $32 /Mo

    Size
    4,737 SF
    Contact us

    We can help!

    Listing Contact
    John Hennessy
    John Hennessy

    Listing Agency: Colliers - Birmingham, Alabama Listing Agent: John Hennessy

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A executive office suite, located in the heart of Birmingham's CBD at 1143 1st Ave S, offers 12,574 square feet of immediately available space. The Denham Building, a beautifully renovated 3-story structure (originally built in 1927, renovated in 2019), boasts impressive 15-foot ceilings and ample natural light. The suite is part of a larger 140,000 square foot building with multiple tenants. This prime location provides convenient access to Regions Field, Railroad Park, UAB's campus, and Birmingham's vibrant arts and cultural scene. The building features 200 parking spaces for tenant and visitor use. The property is zoned MDU for commercial use (APN: 22-00-35-4-018-001.000) and offers robust power capabilities with 480-volt 3-phase power and approximately 2000 amps. The space is ready for immediate occupancy, making it an ideal solution for businesses seeking a prestigious and functional workspace in a thriving urban environment. Delivery is expected in Q1 2024. This is the last remaining available space of this size in the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Denham Building Apartment Building The Luckie Building Business Service Center iHeartMedia Marketing & Advertising Acclinate Research And Product Development Luckie & Company Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8158363
    Latitude
    33.5062359

    Nearby Similar for Lease

    • Contact for pricing

      Perimeter Park

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

      Perimeter Park

      Discover many ways to work your way in Southbridge
      2100 Southbridge Pkwy, Birmingham, AL 35209
      View Details
    • Sponsored
      Contact for pricing

      Meadow Brook

      Discover many ways to work your way in Reston Town Center I
      Birmingham, AL 35242
      View Details
    • Sponsored
      Contact for pricing

      AL Birmingham Regus Shipt Tower

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      420 Birmingham St, Birmingham, AL 35203
      View Details
    • Contact for pricing

      Chase Corporate Center

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      1 Chase Corporate Dr, Birmingham, AL 35244
      View Details
    • Contact for pricing

      AL, Birmingham - 1st Ave N

      Workspaces, services and support to help you work better in Coral Gables
      2129 1St Ave, Birmingham, AL 35203
      View Details
    • $7 SF/Yr
      12,250 SF

      Updated Warehouse and Office Space

      Spacious warehouse with modern office, ideal for industrial uses.
      4263 Underwood Industrial Dr, Birmingham, AL 35210
      View Details
    • $7 SF/Yr
      13,200 SF

      Renovated Office and Warehouse Space

      Updated office and warehouse with expansion potential in East Birmingham.
      4227 Underwood Industrial Dr, Birmingham, AL 35210
      View Details
    • $4 SF/Yr
      22,995 SF

      Adaptable Flex Space Near Downtown

      Versatile flex property with recent upgrades, ideal for various businesses.
      1318 1St Ave North, Birmingham, AL 35203
      View Details
    • $12 SF/Yr
      3,500 SF

      Historic Office Suite in Birmingham

      Historic office suite in vibrant downtown Birmingham district for rent.
      2218 2Nd Ave N, Birmingham, AL 35203
      View Details
    • $32 SF/Yr
      52,286 SF

      Industrial Chic Office Space Available

      Unique office space in vibrant location with on-site amenities.
      1143 1St Ave S, Birmingham, AL 35233
      View Details
    • $25 SF/Yr
      15,699 SF

      Class A Office Space Available

      Centrally located, renovated office spaces with downtown views and free parking.
      2120 16Th Ave S, Birmingham, AL 35205
      View Details

    FAQs

    What type of property is this?
    Office property - 12,574 SF Move-In Ready Office Space in Birmingham, AL
    Where is this office property located?
    The property is located at 1143 1St Ave Birmingham, AL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 4,737 SF of space available August 1, 2024, last remaining suite at Denham Building.; Exterior signage opportunities available.; 24/7 secure building access via SequrTM.
    (205) 949-5982 Call to check price and availability
    Request Owner's contact information
    1143 1St Ave Birmingham, AL 35233
    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.
    1143 1St Ave
    Birmingham, AL 35233
    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
    1143 1St Ave Birmingham, AL 35233
    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 John Hennessy
    John Hennessy
    Real Estate License ID: 0000877410
    (205) 949-5982 (205) 451-9002
    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!