Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1820 Southpark Dr Birmingham, AL 35244

    Sponsored
    For Sale
    $1,750,000

    High-yield, NNN-leased property.

    Property size:
    10,607 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Birmingham, Alabama, featuring a 10,607 square foot, Class A, single-tenant property located at 1820 Southpark Drive, 35244. This mixed-use building, constructed in 1997 and renovated in 2018, sits on a 1.24-acre lot and boasts a 9,600 square foot net rentable area. Currently operating as a daycare, traditional office, and medical office space, the property is 100% occupied with a corporate guaranteed, absolute NNN lease in place until October 30, 2030, offering a remaining lease term of 6.4 years. The lease features a 1.75% annual rent increase until November 1, 2024, followed by adjustments based on the CPI. Three five-year renewal options further enhance the long-term value. The property enjoys an excellent location on Highway 31, within a dense retail corridor, just one mile from I-65 and 2.5 miles from I-459, providing easy access to metropolitan Birmingham. With a daily traffic count of 34,638 vehicles, the property benefits from high visibility and accessibility. The asking price is $1,750,000, representing a compelling $182 per square foot and a 6.50% cap rate, based on a current Net Operating Income (NOI) of $113,712. Ample on-site parking is available for employees and customers.

    Property Features for 1820 Southpark Dr

    General Information

    Property type
    Day care centers
    Square Feet
    10,607 SF
    Class
    A
    Lot Size
    54,014 SF

    Building Details

    Year Built/Renovated
    1997/2018
    Buildings
    1
    Stories
    1

    HighLights

    • Below‑market value investment opportunity with significant cost savings.
    • Eight‑year corporate guarantee provides strong tenant security.
    • Triple‑net (NNN) lease with 1.75% annual rent increases through 11/1/24, then CPI‑adjusted.
    • Three five‑year renewal options ensure long‑term income stream.
    • Abundant on‑site parking.
    • High‑traffic location on Highway 31 within a dense retail area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7945651
    Latitude
    33.35000694

    Nearby Similar for Sale

    • New
      $380,000

      Birmingham Apartment Investment Opportunity

      Five-unit apartment building near UAB with updated electrical.
      1501 13Th St, Birmingham, AL 35205
      View Details
    • $399,900
      0.80 Acres

      Church in Birmingham, Alabama

      Church property for sale in Birmingham, Alabama.
      2001 Avenue Z, Birmingham, AL 35208
      View Details
    • $940,000

      Avondale Quadplex Near Downtown Birmingham

      Well-maintained quadplex in a desirable, walkable Birmingham neighborhood.
      4111 4Th Ave, Birmingham, AL 35222
      View Details
    • $325,000
      0.19 Acres

      Tarrant Commercial Office Building

      Versatile commercial office with warehouse in Tarrant, Alabama.
      1133 Ford Ave, Birmingham, AL 35217
      View Details
    • $575,000

      Avondale Duplex: Investment Opportunity

      Duplex in Avondale near Downtown Birmingham's shops and restaurants.
      3713 6Th Ave, Birmingham, AL 35222
      View Details
    • New
      $459,000
      0.18 Acres

      Historic Office Building in Birmingham

      Two-story office building with six offices in downtown Birmingham.
      1027 23Rd St, Birmingham, AL 35205
      View Details
    • $190,000

      Move-in Ready Birmingham Duplex

      Well-maintained duplex in a desirable area, ideal for investors.
      1172 16Th Ave, Birmingham, AL 35204
      View Details
    • $350,000
      0.16 Acres

      Multi-Use Building For Sale

      Commercial building suitable for automotive, restaurant, office, or residential use.
      5100 7Th Ave, Birmingham, AL 35224
      View Details
    • $900,000
      0.49 Acres

      High-Visibility Office Building For Sale

      Cash-flowing office asset with long-term tenants in high-demand area.
      524 Red Lane Rd, Birmingham, AL 35215
      View Details
    • $1,690,000

      Renovated Apartment Building Near Downtown

      Renovated 24-unit apartment building near downtown Birmingham, fully occupied.
      1609 6Th St, Birmingham, AL 35204
      View Details
    • $370,000
      0.41 Acres

      Commercial Property with Flexible Options

      Commercial property suitable for retail or restaurant use.
      1145 Forestdale Blvd, Birmingham, AL 35214
      View Details
    • Contact for pricing
      4,676 SF

      Commercial Building in Roebuck Birmingham

      Large commercial building with apartment and additional lot for sale.
      9009 Parkway East Dr East, Birmingham, AL 35206
      View Details

    FAQs

    What type of property is this?
    Day care center - High-yield, NNN-leased property.
    Where is this day care center located?
    The property is located at 1820 Southpark Dr Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Below-market value investment opportunity with significant cost savings.; Eight-year corporate guarantee provides strong tenant security.; Triple-net (NNN) lease with 1.75% annual rent increases through 11/1/24, then CPI-adjusted.
    Request Owner's contact information
    1820 Southpark Dr Birmingham, AL 35244
    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.
    1820 Southpark Dr
    Birmingham, AL 35244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1820 Southpark Dr Birmingham, AL 35244
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.