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    2212 1St Ave Birmingham, AL 35203

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    For Lease
    Contact for pricing

    Multiple Storefronts Available in Historic District

    Lot size:
    40,000 SF

    Property Features for 2212 1St Ave

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Total Rate
    83333.33

    Spaces For Lease

    at 2212 1St Ave, Birmingham, AL 35203 Contact us
    Unit Suite 104

    $45 /Mo

    Size
    580 SF
    Contact us
    Unit Suite 102

    $45 /Mo

    Size
    586 SF
    Contact us
    Unit Suite 106

    $45 /Mo

    Size
    2,103 SF
    Contact us
    Unit Suite 2216

    $45 /Mo

    Size
    4,532 SF
    Contact us

    We can help!

    Listing Contact
    John Tally
    John Tally

    Listing Agency: Harbert Realty Services Listing Agent: John Tally

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

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity is located at 2212 First Avenue North in Birmingham, Alabama, zip code 35203. The property, part of a mixed-use historic redevelopment, boasts a total of 40,000 square feet, with 4,532 square feet currently vacant and available for lease. The building features multiple storefront spaces ranging in size from 580 square feet to the largest available space of 4,532 square feet. Its prime location offers excellent visibility and accessibility, situated on both First Avenue North and Morris Avenue, with a connecting pedestrian plaza. The property benefits from high foot traffic, being within walking distance of popular Birmingham destinations and situated in the high-growth First Avenue North corridor. Above the retail space are 100% sold residential condos, ensuring a consistent flow of potential customers. The intersection of First Avenue North and 22nd Street South boasts a combined annual average daily traffic count of 33,560 vehicles, further highlighting the property's strong potential for retail success. This is a unique chance to establish a business in a vibrant and thriving area of Birmingham. The property is ideal for a variety of retail uses and offers a compelling investment opportunity in a rapidly developing urban setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creature Construction Company DarkTower Business To Business Service Bridge + Root Clothing Store

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Daycare Center Accounting Firm HVAC Service Grocery & Convenience Store Nursing Home Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8023277
    Latitude
    33.5158749

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    FAQs

    What type of property is this?
    Retail space - Multiple Storefronts Available in Historic District
    Where is this retail space located?
    The property is located at 2212 1St Ave Birmingham, AL.
    What is the lease rate?
    The lease rate is $0.00-$45 SF/Yr.
    What are key features of this property?
    This property features: 4,532 SF of vacant retail space available for lease at 2212 First Avenue North, Birmingham, AL 35203.; Located in a mixed-use historic redevelopment with high foot traffic and excellent visibility on First Avenue North and Morris Avenue.; Multiple storefront spaces available, ranging from 580 SF to 4,532 SF.
    (205) 458-8021 Call to check price and availability
    Request Owner's contact information
    2212 1St Ave 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
    2212 1St Ave Birmingham, AL 35203
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Tally
    John Tally
    Real Estate License ID: 99621
    (205) 458-8021 (205) 757-0237
    Learn more
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