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    1151 Bankhead Hwy Birmingham, AL 35204

    Sponsored
    For Sale
    $549,000

    Birmingham Retail Bank, 8.5% Cap Rate

    Property size:
    4,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a 4,036 square foot single-tenant retail property currently occupied by PNC Bank under a triple-net (NNN) lease with a corporate guarantee. Located at 1151 Bankhead Hwy W, Birmingham, AL 35204, this fee-simple property boasts a prime location with excellent visibility and access on Bankhead Highway West, experiencing a 50% traffic increase (to 41,384 VPD) over the past three years. Its proximity to Interstate 20 (136,038 VPD) further enhances its strategic value. The property, built in 1966 and renovated in 2018, sits on a 0.56-acre lot (APN: 22-00-28-1-008-007.000). The current lease, commencing October 31, 2006, and expiring November 29, 2026, offers a remaining term of approximately 2.8 years, providing a strong return on investment. The property's Net Operating Income (NOI) is $49,200, yielding an 8.50% cap rate at an asking price of $549,000 ($143.46/sq ft). This location benefits from its placement within a Qualified Opportunity Zone, offering potential tax incentives. The surrounding area boasts a significant population (over 146,000 within a five-mile radius) and a substantial workforce (224,365 employees), with easy access to downtown Birmingham (3.5 miles) and its 1.2 million residents. This presents a compelling investment opportunity for owner-users seeking to capitalize on a strong tenant and a prime location with significant redevelopment potential.

    Property Features for 1151 Bankhead Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,036 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built/Renovated
    1966/2018
    Buildings
    1

    HighLights

    • Redevelopment opportunity with PNC's remaining 2.8‑year lease obligation.
    • Potential for basis reduction and investment recapture during the remaining lease term.
    • High visibility and access on Bankhead Highway West (41,384 VPD), with 50% traffic increase over three years.
    • One mile from Interstate 20 (136,038 VPD).
    • Located in a Qualified Opportunity Zone, offering tax incentives.
    • Strong demographics: over 146,000 residents and 224,365 employees within a five‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    PNC ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store 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
    -86.85541751
    Latitude
    33.53189926

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    FAQs

    What type of property is this?
    Individual retail property - Birmingham Retail Bank, 8.5% Cap Rate
    Where is this individual retail property located?
    The property is located at 1151 Bankhead Hwy Birmingham, AL.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Redevelopment opportunity with PNC's remaining 2.8-year lease obligation.; Potential for basis reduction and investment recapture during the remaining lease term.; High visibility and access on Bankhead Highway West (41,384 VPD), with 50% traffic increase over three years.
    Request Owner's contact information
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    Birmingham, AL 35204
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    Realmo Value Estimation

    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.

    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.

    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
    1151 Bankhead Hwy Birmingham, AL 35204
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