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    The Largest CRE Database in the US with Over 1 Million Listings

    2901 4Th Ave Birmingham, AL 35233

    Sponsored
    For Lease
    Contact for pricing

    Downtown Birmingham Retail Opportunity

    Lot size:
    18,277 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    Exceptional retail spaces are available for lease at Lakeview Green, a vibrant mixed-use development in the heart of downtown Birmingham, Alabama. This prime location boasts high visibility and foot traffic, situated near popular breweries and upscale restaurants. Three spaces are currently available, offering flexible sizes to accommodate various business needs: 1,900 square feet, 7,500 square feet, and 8,877 square feet. The property benefits from a combined traffic count exceeding 100,000 vehicles daily, utilizing the high-traffic areas of 4th Avenue, 3rd Avenue, and the Red Mountain Expressway. These ground-floor retail spaces are ideally positioned within a building featuring 118 luxury apartments above, ensuring a consistent flow of potential customers. Lakeview Green also offers an attractive amenity: a shared green space complete with a lazy river, fire pits, and beautifully landscaped gardens. Join an established tenant mix including Hi-Wire Brewing, HOTWORX, Image Studio Salon, and Prime Champagne, and benefit from the synergy of a thriving community. This is a unique opportunity to establish or expand your business in a highly desirable and convenient location. Contact us today to learn more about leasing options and availability.

    Property Features for 2901 4Th Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,277 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    7,500 SF
    Space
    Available Space 1
    Size
    1,900 SF
    Space
    Available Space 3
    Size
    8,877 SF

    We can help!

    Listing Contact
    Benjamin Hendrix
    Benjamin Hendrix

    Learn more

    Property Insight Report

    HighLights

    • Street retail spaces available in downtown Birmingham, Jefferson County.
    • Three available spaces ranging from 1,900 to 8,877 square feet.
    • Excellent location near breweries, restaurants, and other established businesses including Hi‑Wire, HOTWORX, Image Studio Salon, and Prime Champagne.
    • High traffic count exceeding 100,000 vehicles daily on nearby 4th Ave, 3rd Ave, and Red Mountain Expressway.
    • Ground floor retail with 118 luxury apartments above.
    • On‑site green space with amenities including a lazy river, fire pits, and gardens.
    Property Profile Location Intelligence

    Current Use by Public Records

    HOTWORX - Birmingham, AL ... Gym & Fitness Center Lakeview Green Apartment Building Prime Champagne Bar Bar & Pub Forever Flawless Ink Medical Clinic Hands on Wellness,LLC Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7891509
    Latitude
    33.5148151

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Birmingham Retail Opportunity
    Where is this individual retail property located?
    The property is located at 2901 4Th Ave Birmingham, AL.
    What are key features of this property?
    This property features: Street retail spaces available in downtown Birmingham, Jefferson County.; Three available spaces ranging from 1,900 to 8,877 square feet.; Excellent location near breweries, restaurants, and other established businesses including Hi-Wire, HOTWORX, Image Studio Salon, and Prime Champagne.
    (205) 313-3676
    Request Owner's contact information
    2901 4Th Ave Birmingham, AL 35233
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    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
    2901 4Th Ave Birmingham, AL 35233
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    We can help!
    Listing Contact
    Benjamin Hendrix
    Benjamin Hendrix
    Real Estate License ID: 000153408
    (205) 313-3676
    Learn more
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