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    198 Narrows Dr Birmingham, AL 35242

    For Lease
    $17 SF/Yr ($3,431 /Mo)

    Executive Suites, 1320-2320 sq ft

    Lot size:
    2,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional executive office condo in Birmingham, Alabama, offers a total of 2,320 square feet of premium workspace, currently entirely vacant and available for lease. Located at 198 Narrows Drive, in Shelby County, zip code 35242 (33.3700054, -86.6673632), this property is ideal for a single tenant seeking a substantial space or multiple tenants looking to occupy a portion. The minimum divisible space is 1,320 square feet, while the maximum contiguous space available is the entire 2,320 square feet. The building's classification as an "Office Condo" provides the benefits of ownership without the responsibilities of managing the entire building. This presents a unique opportunity for businesses seeking a prestigious address in a convenient location within Birmingham. The property is categorized as an "Executive Office" space, suggesting a high level of finish and amenities. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy. This is a rare opportunity to secure a significant amount of high-quality office space in a desirable Birmingham location.

    Property Features for 198 Narrows Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,320 SF
    Total Rate
    3431.67

    Unit(s) available at that property

    Space
    1st Floor
    Size
    1,320 SF
    Rate per SF
    $17

    HighLights

    • 2‑story office condo in The Narrows, Birmingham, AL.
    • 1,320 SF first floor available for lease separately, or entire 2,320 SF suite available.
    • Immediately available for occupancy.
    • Ample surface parking.
    • Excellent access to Highway 280 and Shelby County services.
    • No city or county occupational tax.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farmers Insurance: Patti ... Insurance Agency Dillard & Associates Personal Injury Attorney Rent Birmingham Real Estate Agency Bridge Property Management Property Management Company Andrea S Lamberson ... Medical Clinic

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6673632
    Latitude
    33.3700054

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    FAQs

    What type of property is this?
    Office space - Executive Suites, 1320-2320 sq ft
    Where is this office space located?
    The property is located at 198 Narrows Dr Birmingham, AL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 2-story office condo in The Narrows, Birmingham, AL.; 1,320 SF first floor available for lease separately, or entire 2,320 SF suite available.; Immediately available for occupancy.
    Request Owner's contact information
    198 Narrows Dr Birmingham, AL 35242
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    Birmingham, AL 35242
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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
    198 Narrows Dr Birmingham, AL 35242
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