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    304 20Th St Birmingham, AL 35233

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    For Lease
    Contact for pricing

    High-demand retail space, prime location.

    Lot size:
    483,000 SF

    Property Features for 304 20Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    483,000 SF

    Building Details

    Year Built
    2022

    Spaces For Lease

    at 304 20Th St, Birmingham, AL 35233 Contact us

    We can help!

    Listing Contact
    Martin Smith
    Martin Smith

    Listing Agency: SRS Real Estate Partners | Birmingham Listing Agent: Martin Smith

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

    Learn more

    Property Insight Report

    Overview

    20 Midtown offers exceptional retail opportunities in the heart of Parkside, Jefferson County. This vibrant mixed-use development boasts approximately 483,000 square feet of space, featuring a diverse range of tenants including a 35,000+ square foot Publix supermarket, Starbucks, Chipotle, Outback Steakhouse, Milo's, CAVA, Panda Express, and Synovus Bank. Building 3 also welcomes Nail Couture and The Toasted Yolk Café. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,089 square feet. The development includes ample on-site parking, a key advantage for both tenants and customers. Completed in 2022, this modern facility is part of a larger project encompassing over 95,000 square feet of retail/office space and 436 apartments, creating a thriving and densely populated community. The property's strategic location and diverse tenant mix ensure high visibility and foot traffic, making it an attractive investment for businesses seeking a prominent presence in a rapidly growing area. This is a rare opportunity to secure space in a highly sought-after mixed-use development. Contact us today to learn more about available spaces and leasing options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SRS Real Estate ... Real Estate Agency 3rd Space @ 20 ... Coworking & Hybrid Office Landing Flexible Apartments ... Vacation Rental Opus Virtual Offices Real Estate Agency Rgs Properties Inc Construction Company

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Restaurant Daycare Center Building Supply Kitchen & Bath Showroom HVAC Service Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.802707419871
    Latitude
    33.509980543106

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    FAQs

    What type of property is this?
    Restaurant - High-demand retail space, prime location.
    Where is this restaurant located?
    The property is located at 304 20Th St Birmingham, AL.
    What are key features of this property?
    This property features: 483,000 square feet of retail space in a mixed-use development.; Multiple tenants in a 2022-built property.; Minimum 1,200 square feet divisible space, with a maximum contiguous space of 4,089 square feet.
    (205) 259-2195 Call to check price and availability
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    304 20Th St Birmingham, AL 35233
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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
    304 20Th St Birmingham, AL 35233
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    Contact for Pricing
    Please call us for current price
    and status of this listing Martin Smith
    Martin Smith
    Real Estate License ID: 21705
    (205) 259-2195
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