Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2020 Co Rd Pelham, AL 35124
    Property profile & analytics

    2020 Co Rd, Pelham, AL 35124

    View on Map
    • Specialty properties
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2020 Co Rd

    Property size
    4,000 SF
    Property type
    Specialty properties
    Property subtype
    Office Spaces

    Description

    This exceptional 4,000 square foot executive office building is ideally situated in Pelham, Alabama, offering convenient access to Interstate 65 via exit 242. Located within the Parker Plaza office complex at 2020 Co Rd 33, Suite C, this single-tenant property presents a unique opportunity. The entire 4,000 square foot building is available for lease, providing ample space for a variety of business needs. Its prime location offers easy accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in the Pelham area. The property is ready for immediate occupancy and allows for customization to suit individual business requirements. This is a rare opportunity to secure a substantial, self-contained office space in a desirable location. The building's size and layout offer flexibility for various configurations, catering to businesses of different scales and operational needs. The property is conveniently located approximately three miles from I-65 exit 242, ensuring easy commuting for employees and clients. This presents a compelling opportunity for businesses seeking a high-profile, easily accessible office space in Pelham, Alabama.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.79
    Latitude
    33.3076

    Comparable in this City

    • Value Estimation by Request
      82,000 SF

      2408 Pelham Pkwy

      Wedding venues • 82,000 SF
      2408 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      4,649 SF

      2689 Pelham Pkwy

      VETERINARY, ANIMAL HOSPITAL • 4,649 SF
      2689 Pelham Pkwy, Pelham, AL 35124-1354
      View Details
    • Value Estimation by Request
      912 SF

      Hoover, AL 35124

      VETERINARY, ANIMAL HOSPITAL • 912 SF
      Hoover, AL 35124
      View Details
    • Value Estimation by Request
      1,640 SF

      1583 Cahaba Vly Rd

      VETERINARY, ANIMAL HOSPITAL • 1,640 SF
      1583 Cahaba Vly Rd, Hoover, AL 35124-3251
      View Details
    • Value Estimation by Request
      3,216 SF

      Oak Vw Veterinary Clinic

      VETERINARY, ANIMAL HOSPITAL • 3,216 SF
      Oak Vw Veterinary Clinic, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      2,092 SF

      8707 Helena Rd

      VETERINARY, ANIMAL HOSPITAL • 2,092 SF
      8707 Helena Rd, Pelham, AL 35124-2732
      View Details

    Similar Nearby for Sale

    • $169,900
      1,635 SF

      Pelham Commercial Property with Basement

      Commercial property in Pelham with renovation potential and basement storage.
      511 Pope Dr, Pelham, AL 35124
      View Details
    • $4,250,000
      0.92 Acres

      Prime Commercial Property on Highway 11

      10.5 acres with office building in Pelham's growth corridor.
      2969 Highway 11, Pelham, AL 35124
      View Details
    • $325,000
      1,330 SF

      Commercial Building on Large Lot

      1,330 SF building on 2.05 acre lot for sale.
      3280 Highway 52 W, Pelham, AL 35124
      View Details
    • $1,800,000
      20,000 SF

      Highway Frontage Industrial Flex Building

      20,000 SF flex building with highway frontage for sale.
      40 Commerce Dr, Pelham, AL 35124
      View Details
    • $435,000
      2,368 SF

      Pelham Office Building For Sale

      Professional office building in prime location, suitable for owner-users.
      3110 Cummins St, Pelham, AL 35124
      View Details
    • Contact for pricing
      7,548 SF

      Pelham Medical Office For Sale

      Medical office space with 6 operatories, ample parking.
      1973 Chandalar Dr, Pelham, AL 35124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oak Mountain Business Park Location

      Located in Oak Mountain Business Park.
      311 Applegate Ln, Pelham, AL 35124
      View Details
    • $30 SF/Yr

      Professional Office Suites Available

      Professional office suites for rent with shared amenities.
      2163 Us-31, Pelham, AL 35124
      View Details
    • Contact for pricing

      Pelham Office and Warehouse Space

      Newly renovated office and warehouse building with excellent access.
      1020-1042 Commerce Blvd, Pelham, AL 35124
      View Details
    • $9 SF/Yr

      Pelham Flex Warehouse Sublease

      8,750 SF flex warehouse with office space available for sublease.
      220 Commerce Pkwy, Pelham, AL 35124
      View Details
    • $15 SF/Yr

      Versatile Space in Pelham, AL

      Adaptable commercial space suitable for office, retail, or medical use.
      201 Yeager Pkwy, Pelham, AL 35124
      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.
    2020 Co Rd
    Pelham, AL 35124
    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
    2020 Co Rd, Pelham, AL, 35124
    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!