Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2221 Old Columbiana Rd Birmingham, AL 35216

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 4.6-acre build-ready lot.

    Property Features for 2221 Old Columbiana Rd

    General Information

    Property type
    Land
    Lot Size
    200,376 SF

    We can help!

    Listing Contact
    Stephanie Hill
    Stephanie Hill

    Listing Agency: Southpace Properties Inc. Listing Agent: Stephanie Hill

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

    Learn more

    Overview

    This exceptional 4.6-acre parcel of land is located at 2221 Old Columbiana Road in Vestavia Hills, Alabama, within Jefferson County, and boasts a highly desirable location with a 35216 zip code. The property is zoned Institutional - 1 by the City of Vestavia, making it ideally suited for a variety of institutional uses. The lot itself is remarkably flat, presenting a significant advantage for construction and minimizing site preparation costs. This ready-to-build site offers significant potential for developers and investors seeking a prime location in a thriving community. All necessary utilities are either available on-site or readily accessible nearby, streamlining the development process. The asking price for this exceptional opportunity is $795,000. Given its size, zoning, and build-ready condition, this property represents a compelling investment prospect in a highly sought-after area of Birmingham, Alabama. The property's flat topography and convenient access to utilities make it an attractive option for a wide range of development projects. Serious inquiries are encouraged.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8100149
    Latitude
    33.4346726

    Nearby Similar for Sale

    • $149,000
      6,050 SF

      Ensley District Commercial Building

      Commercial building in Birmingham's Ensley Social redevelopment zone.
      2901 Avenue E, Birmingham, AL 35218
      View Details
    • $1,299,000
      0.34 Acres

      Retail Plaza in Entertainment District

      Retail plaza in Birmingham's entertainment district, near major attractions.
      1219 Carraway Blvd, Birmingham, AL 35234
      View Details
    • New
      Contact for pricing
      4,676 SF

      Commercial Building in Roebuck Birmingham

      Large commercial building with additional lot in Roebuck Birmingham.
      9009 Parkway East Dr East, Birmingham, AL 35206
      View Details
    • $159,000
      5,200 SF

      Commercial Building in Birmingham, AL

      Commercial building on a 1+/- acre lot, former restaurant.
      1037 3Rd Ave W, Birmingham, AL 35204
      View Details
    • Contact for pricing
      7,000 SF

      Versatile Mixed-Use Space in Birmingham

      Affordable venue/studio/office/retail space in Birmingham, AL.
      1612 3Rd Ave, Birmingham, AL 35203
      View Details
    • $850,000
      0.49 Acres

      High-Visibility Office Building For Sale

      Cash-flowing office asset near a bustling commercial corridor.
      524 Red Lane Rd, Birmingham, AL 35215
      View Details
    • $365,000
      0.38 Acres

      Restaurant Building For Sale

      Restaurant building with land and business for sale.
      96 NE 25Th Ave, Birmingham, AL 35215
      View Details
    • Contact for pricing
      0.54 Acres

      Office Suite with Private Parking

      Office space with private parking in a high-traffic area.
      9433 Parkway East Dr EAST, Birmingham, AL 35215
      View Details
    • $350,000
      0.67 Acres

      Retail Property Near Lawson College

      Retail property package deal near Lawson Community College in Birmingham.
      3000 33Rd St, Birmingham, AL 35211
      View Details
    • $299,000
      0.36 Acres

      Historic Birmingham Office Opportunity

      Landmark office building with historic charm, minutes from downtown.
      2805 Ensley Ave, Birmingham, AL 35218
      View Details
    • $325,000
      0.19 Acres

      Tarrant Commercial Office Building

      Versatile commercial office with warehouse in Tarrant, Alabama.
      1133 Ford Ave, Birmingham, AL 35217
      View Details
    • Contact for pricing
      0.49 Acres

      Move-in Ready Office Suite

      Professional office suite in Red Lane Plaza, Birmingham.
      524 Red Lane Rd, Birmingham, AL 35215
      View Details

    FAQs

    What type of property is this?
    Land - Prime 4.6-acre build-ready lot.
    Where is this land located?
    The property is located at 2221 Old Columbiana Rd Birmingham, AL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 4.6-acre site.; Institutional-1 zoning, City of Vestavia.; All utilities available or readily accessible.
    Request Owner's contact information
    2221 Old Columbiana Rd Birmingham, AL 35216
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2221 Old Columbiana Rd
    Birmingham, AL 35216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2221 Old Columbiana Rd Birmingham, AL 35216
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephanie Hill
    Stephanie Hill
    Real Estate License ID: 000119240
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!