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Property profile

1948 Forestdale Blvd Birmingham, AL 35214

OFF-MARKET
Lifestyle centers
40,000 SF 4 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional 40,000 square foot, single-story building, situated on a 4-acre lot in Birmingham, Alabama, presents a unique opportunity for creative office tenants. Built in 1985 and extensively renovated in 2015, the property boasts excellent visibility and high traffic counts, positioned at a signalized intersection. The building currently features two suites, with 23,000 square feet immediately available for lease. The minimum leasable space is 23,000 square feet, and the maximum contiguous space is also 23,000 square feet. The property offers ample parking with 225 spaces available. Property taxes are $1.50 per square foot. The address is 1948 Forestdale Blvd, Birmingham, AL 35214. This location benefits from a high volume of vehicular traffic, estimated at 27,000 vehicles per day. Strong co-tenancy includes Ollie's, Citi Trends, Hibbett, Cato, and Roses. This is an ideal space for businesses seeking a prominent location with high visibility and convenient access. The property is classified as Retail and Office, with a Creative Office subtype.

Property profile

Verified
Property type Lifestyle centers
Year built 1985
Total area 40,000 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1948 Forestdale Blvd Birmingham, AL 35214
Birmingham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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