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    215 Narrows Pkwy Birmingham, AL 35242

    For Sale
    $1,800,000

    9,000 SF Class A Office, $1.8M

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 9,000-square-foot Class A office building, constructed in 2017, sits on a 0.88-acre lot in Birmingham, Alabama's desirable Shelby County (zip code 35242). The single-story building features three 3,000-square-foot suites, currently occupied by State Farm, Ridge Crest Homes, and Simplified Behavioral Health. One suite is immediately available, presenting a unique owner-user opportunity to occupy a portion of the building while leveraging rental income from the remaining suites. The current monthly rental income is $9,500, with taxes and insurance totaling approximately $1,550 per month. Tenants are responsible for their own utilities and expenses. The property boasts impressive curb appeal, abundant parking, and convenient access to US Highway 280, Greystone, and Highland Lakes, within the rapidly growing 280 area. The asking price is $1,800,000, representing a significant value below replacement cost and offering substantial upside potential for an owner-occupant or investor. The property is zoned for commercial use and is offered fee simple. This is a rare opportunity to acquire a high-quality building in a prime location with immediate occupancy potential and strong rental income. Current rent is below market, offering significant potential for increased revenue.

    Property Features for 215 Narrows Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,000 SF
    Class
    A
    Lot Size
    38,333 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Exceptional high‑quality building in prime location.
    • Immediate occupancy of one suite with expansion potential or continued leasing to tenants.
    • Offered below replacement cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kyle Forstman, Realtor Real Estate Agent Welded Fitness Gym BoostNow Vitamin & Supplements Store RidgeCrest Homes Construction Company Simplified Behavioral Health, ... Specialized Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6645546
    Latitude
    33.3686525

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    FAQs

    What type of property is this?
    Office Property / Space - 9,000 SF Class A Office, $1.8M
    Where is this office property / space located?
    The property is located at 215 Narrows Pkwy Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Exceptional high-quality building in prime location.; Immediate occupancy of one suite with expansion potential or continued leasing to tenants.; Offered below replacement cost.
    (205) 980-3434
    Request Owner's contact information
    215 Narrows Pkwy 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
    215 Narrows Pkwy Birmingham, AL 35242
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