Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    813 Shades Creek Pkwy Birmingham, AL 35209

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    813 Shades Creek Pkwy Birmingham, AL 35209

    View on Map
    • Office properties & Spaces
    • 50,270 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jake Callahan / Real Estate Agency
    • Nation Multiple Sclerosis Society / Corporate Office
    • Shades Creek Plaza / Business Service Center / Corporate Office
    • Chiropractic OnLine / Alternative Medicine Practice
    • Katherine H. Flanagan, MD / Physician / Medical Clinic

    Property Details for 813 Shades Creek Pkwy

    Property size
    50,270 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    Shades Creek Plaza, located at 813 Shades Creek Parkway in Birmingham, Alabama, offers exceptional office space for lease. This traditional office building boasts a total of 50,270 square feet, providing a range of options for businesses of various sizes. Currently, there are multiple spaces available, with a minimum divisible space of 1,085 square feet and a maximum contiguous space of 9,667 square feet. A significant 12,103 square feet is currently vacant, presenting a unique opportunity for expansion or relocation. The building's professional atmosphere is ideal for a variety of businesses. The property is situated in Jefferson County, Alabama, with convenient access to Birmingham's amenities and infrastructure. The address is 813 Shades Creek Parkway, Birmingham, AL 35209. This prime location offers excellent visibility and accessibility for employees and clients alike. The building's design and layout are well-suited for traditional office uses. Interested parties are encouraged to inquire about available space and lease terms. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7641
    Latitude
    33.475

    Comparable in this City

    • Value Estimation by Request
      17,012 SF

      2100 Southbridge Pkwy

      Office Units • 17,012 SF
      2100 Southbridge Pkwy, Birmingham, AL 35209
      View Details
    • Value Estimation by Request
      106,216 SF

      1 Independence Plz

      Office Units • 106,216 SF
      0 1 Independence Plz, Homewood, AL 35209
      View Details
    • Value Estimation
      $1,300,000
      2,955 SF

      1824 28th S Ave

      OFFICE (GENERAL) • 2,955 SF
      1824 28th S Ave, Birmingham, AL 35209-2606
      View Details
    • Value Estimation
      $23,185,000
      156,106 SF

      2204 Lakeshore Dr

      OFFICE (GENERAL) • 156,106 SF
      2204 Lakeshore Dr, Birmingham, AL 35209-6729
      View Details
    • Value Estimation by Request
      2,112 SF

      2714 19th S Pl

      OFFICE (GENERAL) • 2,112 SF
      2714 19th S Pl, Birmingham, AL 35209-1920
      View Details
    • Value Estimation
      $1,575,000
      2,421 SF

      2727 19th S Pl

      OFFICE (GENERAL) • 2,421 SF
      2727 19th S Pl, Birmingham, AL 35209-1919
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Renovated Multi-Tenant Homewood Investment

      Fully renovated multi-tenant building in prime Homewood location.
      1625 Oxmoor Rd, Homewood, AL 35209
      View Details
    • Contact for pricing

      Homewood Office Building For Sale

      Office building in Homewood, Alabama with private parking.
      3000 Crescent Ave, Homewood, AL 35209
      View Details
    • $1,100,000
      3,316 SF

      Renovated Retail/Office Space with Storage

      Renovated retail/office space with large storage and parking.
      194 Green Springs Hwy, Birmingham, AL 35209
      View Details
    • Contact for pricing

      Homewood Retail Portfolio For Sale

      Fully leased retail portfolio in downtown Homewood's iconic retail corridor.
      2916 18Th St South, Homewood, AL 35209
      View Details
    • Contact for pricing
      10,824 SF

      Midtown Office/Medical Building For Sale

      Two-story, 10,824 SF office/medical building in the Midtown market.
      3512 Old Montgomery Hwy, Birmingham, AL 35209
      View Details
    • Contact for pricing
      30,000 SF

      Updated Office Building For Sale

      Recently updated office building with easy access to I-65.
      301 Beacon Pkwy W, Birmingham, AL 35209
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Broadcasting Space with Studios

      8,000 SF broadcasting space with 12 soundproof studios.
      600 Beacon Pkwy West, Birmingham, AL 35209
      View Details
    • Contact for pricing

      Downtown West Homewood Retail Space

      Retail space in a rapidly growing Birmingham community.
      169 Oxmoor Rd, Birmingham, AL 35209
      View Details
    • Contact for pricing

      Office Space in Homewood Center

      Office space available in a busy, retail-centered Homewood location.
      430 Green Springs Hwy, Homewood, AL 35209
      View Details
    • Contact for pricing

      Lakeshore Parkway Move-In Ready Property

      Move-in ready property suitable for office or medical use.
      600 Lakeshore Pkwy, Birmingham, AL 35209
      View Details
    • $25 SF/Yr

      Renovated Retail/Office Space Available

      Renovated space in growing community, suitable for retail/office.
      169 Oxmoor Rd, Birmingham, AL 35209
      View Details
    • $28 SF/Yr

      Office Space on Shades Creek

      Office space for lease with upgraded common areas.
      813 Shades Creek Pkwy, Birmingham, AL 35209
      View Details
    Request Owner's contact information
    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.
    813 Shades Creek Pkwy
    Birmingham, AL 35209
    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
    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

    Thank You for Inquiry

    813 Shades Creek Pkwy, Birmingham, AL, 35209

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!