Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1901 3Rd Ave Birmingham, AL 35203

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historic 52,121 SF Office Building

    Property size:
    52,121 SF

    Property Features for 1901 3Rd Ave

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    52,121 SF

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Casey Howard
    Casey Howard

    Listing Agency: Harbert Realty Services Listing Agent: Casey Howard

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

    Learn more

    Property Insight Report

    Overview

    This prime redevelopment opportunity presents a unique chance to acquire a historic 52,121 square foot office building situated at the highly visible corner of 3rd Avenue North and 19th Street in downtown Birmingham, Alabama. Built in 1930, this single-tenant property offers significant potential for adaptive reuse within a designated Opportunity Zone. The asking price has been reduced to $3,500,000, translating to a price per square foot of $67.15. Its central location provides easy access to the Birmingham Central Business District (CBD), the University of Alabama at Birmingham (UAB), and major interstate highways. The property's substantial size and prominent location make it an ideal candidate for a variety of redevelopment projects, capitalizing on its rich history and strategic position within the city. This is a rare chance to acquire a significant piece of Birmingham's history and transform it into a thriving modern asset. The property is located in Jefferson County, Alabama, with a zip code of 35203.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    California Fashion Mall Clothing Store

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Daycare Center Restaurant 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
    -86.808374041612
    Latitude
    33.515676291475

    Nearby Similar for Sale

    • $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
    • $850,000
      0.49 Acres

      High-Visibility Office Building For Sale

      Cash-flowing office asset near a bustling commercial corridor.
      524 Red Lane Rd, Birmingham, AL 35215
      View Details
    • Contact for pricing
      7,000 SF

      Versatile Mixed-Use Space in Birmingham

      Affordable venue/studio/office/retail space in Birmingham, AL.
      1612 3Rd Ave, Birmingham, AL 35203
      View Details
    • Contact for pricing
      4,676 SF

      Commercial Building in Roebuck Birmingham

      Large commercial building with additional lot in Roebuck Birmingham.
      9009 Parkway East Dr East, Birmingham, AL 35206
      View Details
    • $1,299,000
      0.34 Acres

      Retail Plaza in Entertainment District

      Retail plaza in Birmingham's entertainment district, near major attractions.
      1219 Carraway Blvd, Birmingham, AL 35234
      View Details
    • $350,000
      0.67 Acres

      Retail Property Near Lawson College

      Retail property package deal near Lawson Community College in Birmingham.
      3000 33Rd St, Birmingham, AL 35211
      View Details
    • $149,000
      6,050 SF

      Ensley District Commercial Building

      Commercial building in Birmingham's Ensley Social redevelopment zone.
      2901 Avenue E, Birmingham, AL 35218
      View Details
    • $475,000
      1.00 Acre

      Birmingham Office Building For Sale

      Well-maintained office building with high occupancy and income potential.
      9729 Parkway East Dr EAST, Birmingham, AL 35215
      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
    • $299,000
      0.36 Acres

      Historic Birmingham Office Opportunity

      Landmark office building with historic charm, minutes from downtown.
      2805 Ensley Ave, Birmingham, AL 35218
      View Details
    • $469,900
      0.53 Acres

      Retail Building with Extra Lot

      Retail building with income potential and extra lot in Birmingham.
      9009 Parkway East Dr EAST, Birmingham, AL 35206
      View Details
    • $365,000
      0.38 Acres

      Restaurant Building For Sale

      Restaurant building with land and business for sale.
      96 NE 25Th Ave, Birmingham, AL 35215
      View Details

    FAQs

    What type of property is this?
    Office property - Historic 52,121 SF Office Building
    Where is this office property located?
    The property is located at 1901 3Rd Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Asking price reduced to $3,500,000.; 52,121 square feet available.; Centrally located near Birmingham CBD, UAB, and major interstates.
    (205) 202-0814 Call to check price and availability
    Request Owner's contact information
    1901 3Rd Ave Birmingham, AL 35203
    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.
    1901 3Rd Ave
    Birmingham, AL 35203
    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
    1901 3Rd Ave Birmingham, AL 35203
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Casey Howard
    Casey Howard
    Real Estate License ID: 000110233
    (205) 202-0814 (912) 661-3215
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!