Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2352 Center Point Pkwy Birmingham, AL 35215

    Property Lookup

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

    2352 Center Point Pkwy Birmingham, AL 35215

    View on Map
    • Lifestyle centers
    • 109,174 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Developmental Disability Management Services / Association / Organization

    Property Details for 2352 Center Point Pkwy

    Property size
    109,174 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1,500 square foot free-standing retail outparcel building is situated within the thriving Center Point Shopping Center in Birmingham, Alabama. Located at 2352 Center Point Pkwy, zip code 35215, this Class C property offers unparalleled visibility and accessibility. The building is part of a larger 109,174 square foot retail center anchored by a strong mix of national and regional tenants including Goodwill, Hibbett Sports, Dollar General, Dollar Tree, and Pizza Hut. Its prime location at a signalized intersection on Center Point Pkwy, a road with 25,000 vehicles per day, ensures high traffic volume and excellent exposure. Multiple access points provide convenient ingress and egress for customers. The property boasts a heavily traveled cross-street, further enhancing its visibility and accessibility. The single-story building presents a unique opportunity for businesses seeking a high-traffic location with drive-thru potential. This is an ideal space for a variety of retail uses, offering a chance to establish a strong presence in a well-established and busy shopping center in Jefferson County, Alabama. Currently, there is 1,500 square feet of vacant space available.

    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
    -86.6848
    Latitude
    33.647

    Comparable in this City

    • Value Estimation by Request

      1601 Center Point Pkwy

      Lifestyle centers
      1601 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • Value Estimation by Request
      18,240 SF

      1719 Center Point Pkwy

      Neighborhood centers • 18,240 SF
      1719 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • Value Estimation
      $5,025,000
      130,431 SF

      1125 Huffman Rd

      MINI-MALL • 130,431 SF
      1125 Huffman Rd, Birmingham, AL 35215-7501
      View Details
    • Value Estimation
      $5,355,000
      73,738 SF

      2337 Carson Rd

      MINI-MALL • 73,738 SF
      2337 Carson Rd, Birmingham, AL 35215
      View Details
    • Value Estimation
      $1,475,000
      12,923 SF

      1637 Ctr Pt Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,923 SF
      1637 Ctr Pt Pkwy, Birmingham, AL 35215-5503
      View Details
    • Value Estimation
      $1,210,000
      11,868 SF

      9717 Pkwy E Pkwy

      SHOPPING CENTER, STRIP CENTER • 11,868 SF
      9717 Pkwy E Pkwy, Birmingham, AL 35215
      View Details

    Similar Nearby for Sale

    • $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
    • $225,000
      1,195 SF

      Office/Retail Building on Old Springville Road

      Office or retail building with frontage and high traffic exposure.
      2230 Old Springville Rd, Birmingham, AL 35215
      View Details
    • $100,000
      0.18 Acres

      Mixed-Use Property in Center Point

      Mixed-use property with C1 zoning, ideal for retail/office.
      1812 NE 1St Pl, Center Point, AL 35215
      View Details
    • Contact for pricing
      1.53 Acres

      Versatile Retail/Office Space Available

      12,000 sq ft building on 1.53-acre lot with ample parking.
      2027 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • $100,000

      Mixed-Use Property in Center Point

      Mixed-use property with C1 zoning, ideal for retail/office.
      1812 NE 1St Pl, Center Point, AL 35215
      View Details
    • $239,000
      0.46 Acres

      Center Point Retail Redevelopment Opportunity

      Retail property in Center Point, Alabama, suitable for redevelopment.
      2424 Center Point Pkwy, Birmingham, AL 35215
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Shopping Center Available

      Prime location with high traffic and strong tenant mix.
      1671 Center Point Pkwy, Center Point, AL 35215
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Center Point, Alabama.
      1671 Center Point Pkwy, Center Point, AL 35215
      View Details
    • $9 SF/Yr
      13,905 SF

      Center Point Parkway Retail Space

      Former Walgreens, Drive-Thru, High Visibility
      2301 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • Contact for pricing

      Storefront Space on the Parkway

      Storefront space with easy access and great visibility.
      1719 Center Point Pkwy, Center Point, AL 35215
      View Details
    • Contact for pricing

      Center Point Parkway Office Space

      Office and retail space available in a rapidly emerging area.
      2500 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • Contact for pricing

      Freestanding Warehouse & Manufacturing Facility

      140,000 SF warehouse/manufacturing building on 27.53 acres, Pinson Valley.
      124 Carson Rd N, Birmingham, AL 35215
      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.
    2352 Center Point Pkwy
    Birmingham, AL 35215
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!