Three-Story Brick Office
905 Old Montgomery Highway Vestavia Hills, AL 35216
New
905 Old Montgomery Highway, Vestavia Hills, AL, 35216
$1,950,000
For Sale
$1,950,000
Three-story, multi-tenant office building with elevator, side stairwells, and on-site covered porch and parking.
Property Size10,000 SF
Price / SF$195
Days on Market3
Property Features for 905 Old Montgomery Highway
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Listing Agency
(205) 871-7100
Listed by
Matt Gilchrist, SIOR
Source
Grahamcompany
Added: Jul 17 Checked: Jul 19 at 4:13 am
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 Matt Gilchrist, SIOR
Investment Insights
Based on property information with market context.
This 3-story brick office building was built in 2006 and is currently configured as a multi-tenant property for approximately 2–3 tenants. The layout includes a front foyer with elevator service as well as side stairwells, with a small kitchen/break room on each floor.
The building is situated on a corner with entrances from Old Montgomery Highway and Georgia Avenue. Covered porch area and large surface parking are provided, including 24 parking spaces with handicapped parking. Monument signage is also noted on the property. The property is zoned O-1 (Office Park District).
The facility is presented as a practical office configuration with on-floor break areas, core elevator access, and dedicated parking for on-site use.
The building is situated on a corner with entrances from Old Montgomery Highway and Georgia Avenue. Covered porch area and large surface parking are provided, including 24 parking spaces with handicapped parking. Monument signage is also noted on the property. The property is zoned O-1 (Office Park District).
The facility is presented as a practical office configuration with on-floor break areas, core elevator access, and dedicated parking for on-site use.
Key Highlights
- 3‑story brick office building with monument signage, built in 2006
- 10,000 SF multi‑tenant office building configured for 2–3 tenants
- Front foyer access with elevator plus side stairwells
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 | $180.0k | $18.00 |
| − Vacancy | −$39.6k | −$3.96 |
| EGI | $140.4k | $14.04 |
| − OpEx | −$35.1k | −$3.51 |
| NOI | $105.3k | $10.53 |
10,000 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.76M
NOI $105,300 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,304 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-story, multi-tenant office building with elevator, side stairwells, and on-site covered porch and parking.
Where is this office building located?
The property is located at 905 Old Montgomery Highway Vestavia Hills, AL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 3‑story brick office building with monument signage, built in 2006; 10,000 SF multi‑tenant office building configured for 2–3 tenants; Front foyer access with elevator plus side stairwells
