Southside Retail/Office
2313 4th Ave S, Birmingham, AL 35233
Retail/office space with high visibility and traffic count.
Type:Retail
Property size:
3,644 SFPrice / SF:
$226/SF- Added:
- Jun 7, 2024
- Days on Market:
- 726
- Last Refresh:
- May 13 at 8:23 pm
Property Features for 2313 4th Ave S
General Information
- Standard status
- Active
- Size
- 3,644 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing agent Bud Ballard License #AL 000105215
Listing office Red Rock Realty Group
Listing date Jun 7, 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 Red Rock Realty Group
HighLights
- High‑visibility location on a main thoroughfare with monopole signage and high traffic count.
- Close proximity to UAB Hospital, Children's, St. Vincent's, and other healthcare facilities.
- Suitable for medicinal marijuana dispensary or other medical use.
- Existing buildout includes showroom, office space, and storage.
- Previous x‑ray room with cinder block walls, ideal for a vault/safe room.
- Located 2 blocks from Red Mountain Expressway.
Overview
This 3,644-square-foot commercial property in Southside offers an excellent opportunity with high visibility on a main thoroughfare. The location benefits from monopole signage and a high traffic count. It is situated in close proximity to UAB Hospital, Children's Hospital, St. Vincent's Hospital, and other area healthcare facilities. The property is located two blocks from Red Mountain Expressway. The existing buildout includes a showroom, office space, and storage. The structure and location are suitable for a medicinal marijuana dispensary or medical use. A previous x-ray room features cinder block walls, making it suitable for a vault or safe room.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.5k | $24.00 |
| − Vacancy | −$10.5k | −$2.88 |
| EGI | $77.0k | $21.12 |
| − OpEx | −$30.8k | −$8.45 |
| NOI | $46.2k | $12.67 |
3,644 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$659.7K
$577.2K – $769.6K
NOI $46,177 @ 7.0% cap · market cap 5.60%
Second Best
Office B
$625.2K
$547.1K – $729.4K
NOI $43,766 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$855.3K
$748.4K – $997.9K
NOI $59,872 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
American Postal Workers ...
Advocacy Group
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.797461
- Latitude
- 33.5109
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail/office space with high visibility and traffic count.
Where is this retail space located?
The property is located at 2313 4th Ave S Birmingham, AL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: High‑visibility location on a main thoroughfare with monopole signage and high traffic count.; Close proximity to UAB Hospital, Children's, St. Vincent's, and other healthcare facilities.; Suitable for medicinal marijuana dispensary or other medical use.
