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    950 22Nd St Birmingham, AL 35203

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    For Lease
    Contact for pricing

    Class A Office Suites, 69,399 SF Available

    Lot size:
    250,000 SF

    Property Features for 950 22Nd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    250,000 SF
    Class
    A
    Total Rate
    375000

    Spaces For Lease

    at 950 22Nd St, Birmingham, AL 35203 Contact us
    Unit Suite 700

    $18 /Mo

    Size
    4,910 SF
    Contact us
    Unit Suite 850

    $18 /Mo

    Size
    6,109 SF
    Contact us
    Unit Suite 428

    $18 /Mo

    Size
    1,676 SF
    Contact us
    Unit Suite 440

    $18 /Mo

    Size
    2,270 SF
    Contact us
    Unit Suite 450

    $18 /Mo

    Size
    8,400 SF
    Contact us
    Unit Suite 525

    $18 /Mo

    Size
    5,509 SF
    Contact us
    Unit Suite 600

    $18 /Mo

    Size
    6,291 SF
    Contact us
    Unit Suite 648

    $18 /Mo

    Size
    622 SF
    Contact us
    Unit Suite 627

    $18 /Mo

    Size
    1,014 SF
    Contact us
    Unit Suite 676

    $18 /Mo

    Size
    8,870 SF
    Contact us
    Unit Suite 675

    $18 /Mo

    Size
    630 SF
    Contact us
    Unit Suite 670

    $18 /Mo

    Size
    585 SF
    Contact us
    Unit Suite 765

    $18 /Mo

    Size
    1,565 SF
    Contact us
    Unit Suite 900/950

    $18 /Mo

    Size
    14,510 SF
    Contact us
    Unit Suite 1010

    $18 /Mo

    Size
    6,108 SF
    Contact us
    Unit Suite 1060

    $18 /Mo

    Size
    370 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jake Taylor
    Jake Taylor

    Listing Agency: JH Berry Listing Agent: Jake Taylor

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

    Learn more

    Overview

    The Forum Building, located at 950 22nd St N in Birmingham, Alabama (zip code 35203), offers exceptional Class A office space in the heart of the Birmingham Jefferson Convention Complex. This prestigious building boasts a total of 250,000 square feet, with multiple tenancy options available. Currently, there are 69,399 square feet of vacant space, divisible into units ranging from a minimum of 330 square feet to a maximum contiguous space of 14,510 square feet. The building's prime location provides convenient access to major interstates I-20/59 and I-65. Tenants benefit from unparalleled convenience with a skywalk connection to a 1,400-vehicle parking garage, ensuring ample parking for employees and visitors. On-site amenities include a fully equipped conference suite, in-house telecommunications services, and 24-hour security provided by on-site property management. This is an exceptional opportunity for businesses seeking high-quality, well-located office space in a vibrant urban setting. The building's modern infrastructure and convenient amenities make it an ideal location for a variety of businesses. Contact us today to learn more about leasing opportunities and explore how this exceptional space can meet your business needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Occupational Safety ... Federal Government Office BJCC Productions Film Production Img College College Lamar T Hawkins ... Law Firm Elizabeth Clark Bone, ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8097109
    Latitude
    33.5250794

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, 69,399 SF Available
    Where is this office property / space located?
    The property is located at 950 22Nd St Birmingham, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Available spaces ranging from 330 SF to 14,510 SF.; Located in the heart of Birmingham's Jefferson Convention Complex.; Excellent access to I-20/59 and I-65.
    Request Owner's contact information
    950 22Nd St Birmingham, AL 35203
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    Birmingham, AL 35203
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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
    950 22Nd St Birmingham, AL 35203
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Taylor
    Jake Taylor
    Real Estate License ID: 0001124380
    Learn more
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