Two-Level Office
New
For Sale
$950,000
9365 Helena Road Valleydale Professional O, Birmingham, AL 35244
Office property with rental agreements, dual-level access, and updated upstairs HVAC equipment.
Property Size6,000 SF
Price / SF$158.33
Days on Market7
Property Features for 9365 Helena Road Valleydale Professional O
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
1974
Construction
concrete on steel piers
Tenancy
Multi
Listing Agency:
RE/MAX Advantage
(205) 447-1160
Listed By:
Cheryl Lewis · License #137547
(205) 447-1160
Source:
Exitrealty
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 3:34PM
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 RE/MAX Advantage
Investment Insights
Based on property information with market context.
This 6,000-square-foot office building offers usable space across a main level and lower level, with access to lower-level parking and sunlit basement offices. The structure features concrete construction supported by steel piers on both levels, along with a metal roof. Two upstairs AC units were installed in 2025.
The property occupies the corner of Hwy 31 and Valleydale, on the road to Helena, and is positioned between Publix and Walgreens. Rental agreements convey with the building, including long-term renters whose occupancy has remained stable for many years.
The property occupies the corner of Hwy 31 and Valleydale, on the road to Helena, and is positioned between Publix and Walgreens. Rental agreements convey with the building, including long-term renters whose occupancy has remained stable for many years.
Key Highlights
- 6,000 square feet of office space across main and lower levels
- Two new upstairs AC units installed in 2025
- Concrete construction on steel piers across both levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,063
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,260
$1.4M
Cap Rate 7%
$1,029,471
$1.0M
Cap Rate 9%
$800,700
$800.7K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.4K $20.40/SF
− Vacancy
−$26.3K −$4.39/SF
EGI
$96.1K $16.01/SF
− OpEx
−$24.0K −$4.00/SF
NOI
$72.1K $12.01/SF
Area
Birmingham, AL
Vacancy
21.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,260
Cap Rate 7%
$1,029,471
Cap Rate 9%
$800,700
Alternative Uses
Best Use
Office B
$1.03M
$900.8K – $1.20M
NOI $72,063 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,582 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with rental agreements, dual-level access, and updated upstairs HVAC equipment.
Where is this office building located?
The property is located at 9365 Helena Road Valleydale Professional O Birmingham, AL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6,000 square feet of office space across main and lower levels; Two new upstairs AC units installed in 2025; Concrete construction on steel piers across both levels
