Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Suites Available Title is generated by Realmo AI

    2163 US-31, Pelham, AL 35124

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office suites for rent with shared amenities.

    Type:Office
    Added:
    Jan 26, 2024
    Days on Market:
    836
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 2163 US-31

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1972

    Spaces For Lease

    at 2163 US-31 Contact us

    Suite 220 $2 /Mo

    Size
    200 SF
    Type
    Office
    1 and 2 professional office suites available. nIncludes power, water and garbage...
    show more
    Contact us

    Suite 218 $2 /Mo

    Size
    200 SF
    Type
    Office
    1 and 2 professional office suites available. nIncludes power, water and garbage...
    show more
    Contact us

    We can help!

    Listing Contact
    Mark Dinan
    Mark Dinan

    Listing agent Mark Dinan License #AL 000044694

    Listing office Mark Dinan Commercial & Investment Real Estate

    Listing date Jan 26, 2024

    Source Crexi

    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 Mark Dinan Commercial & Investment Real Estate

    HighLights

    • Super convenient to I‑65 & U.S. 31
    • Flexible lease terms
    • Includes power, water and garbage removal
    • Shared reception, conference room, kitchen and baths
    • Fantastic visibility and exposure
    • Easy ingress and egress

    Overview

    Professional office suites are available for rent, offering large offices with windows and privacy. The rental includes power, water, and garbage removal. Shared amenities include a reception area, conference room, kitchen, and bathrooms. The property features a level parking area and marquee signage. The two-story building is well-maintained and offers convenient access to I-65 and U.S. 31. It is located near Wal-Mart, Publix, Regions, and Walgreens, with easy ingress and egress via a median cut. The property benefits from fantastic visibility and exposure, making it ideal for professional use. Flexible lease terms are available.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8026
    Latitude
    33.3024

    Nearby Similar for Lease

    • Contact for pricing

      Pelham Flex Warehouse Sublease

      8,750 SF flex warehouse with office space available for sublease.
      220 Commerce Parkway, Pelham, AL 35124
      View Details
    • $10,000/Mo

      Pelham Parkway Showroom/Warehouse Space

      Renovated showroom/warehouse with excellent visibility and convenient access.
      3543 Pelham Parkway, Pelham, AL 35124
      View Details
    • $15 SF/Yr

      Versatile Space in Pelham, AL

      Adaptable commercial space suitable for office, retail, or medical use.
      201 Yeager Parkway , Pelham, AL 35124
      View Details
    • $10 SF/Yr

      Move-in Ready Office Space Available

      Second-floor office space with ample parking and convenient location.
      2012 Old Montgomery Highway, Pelham, AL 35244
      View Details
    • Contact for pricing

      Former Restaurant Space with Drive-Thru

      Former restaurant space with drive-thru, ready for QSR or retail.
      613 Cahaba Valley Rd, Pelham, AL 35124
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru

      Former restaurant space with drive-thru, located off I-65.
      613 Cahaba Valley Rd, Pelham, AL 35124
      View Details
    • $11 SF/Yr

      Versatile Commercial Space in Pelham

      Modern property in Pelham, AL, suitable for various businesses.
      246 Cahaba Valley Parkway, Pelham, AL 35124
      View Details
    • Contact for pricing

      Campus 124 Mixed-Use Redevelopment

      Vibrant mixed-use property in Pelham, Alabama, with retail and dining.
      2408 Pelham Parkway, Pelham, AL, 35124
      View Details
    • Contact for pricing

      Pelham Warehouse Space Available

      8,000 sq ft warehouse space for lease.
      508 Cahaba Valley Cir, Pelham, AL 35124
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Single tenant retail space available, approximately 5,290 square feet.
      201 Southgate Dr, Pelham, AL 35124
      View Details
    • Contact for pricing

      Oak Mountain Business Park Location

      Located in Oak Mountain Business Park.
      311 Applegate Ln, Pelham, AL 35124
      View Details
    • Contact for pricing

      Pelham Highway 31 Mixed-Use Space

      Retail, office, and storage space with Highway 31 frontage.
      2706 Pelham Pkwy, Pelham, AL 35124
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suites for rent with shared amenities.
    Where is this office units located?
    The property is located at 2163 US-31 Pelham, AL.
    What are key features of this property?
    This property features: Super convenient to I‑65 & U.S. 31; Flexible lease terms; Includes power, water and garbage removal
    (205) 980-3434 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Dinan
    Mark Dinan
    Real Estate License ID: AL 000044694
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2163 US-31, Pelham, AL 35124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!