Financial
Distress signals
Property profile

417 20Th St N Birmingham, AL 35203

FOR LEASE
Other office properties
Property ID
US03-0536207
43,883 SF 0.49 ac lot Built 1976
Last sale Dec 2025 · $10,550
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Plaza Building is an office property located in Birmingham’s Central Business District. It offers flexible office space sizes, with suites ranging from approximately 2,500 to 37,000 square feet, including configurations suitable for full-floor occupancy. The building includes an attached parking deck and is situated within walking distance of restaurants and other nearby amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$182k
Tax billed · 2022
Assessed value · 2023$6.79M
Assessed land$179k
Assessed improvement$6.61M
Effective rate2.68%

Value estimate

· Sep 2026
$6.69M
$6.02M – $7.35M
CAP approach$7.84M
Submarket $/SF estimate$7.25M
NOI build-up
Gross scheduled income$755k
Vacancy & credit loss−$162k
Operating expenses−$148k
NOI · 2,338,889.47% cap applied$444k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$113/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$43 – $165
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2,338,889.47%
$444k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
Ordinance, when referred to in this Section, are the regulations in the B-4 Central Business District. Subsection 2. Use regulations. The...
General categoryCOMMERCIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.0
Locksmith8.9
Watch Repair Shop8.7

Location

417 20Th St N Birmingham, AL 35203
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2014 Morris, Birmingham, AL 35203-4108 $1,500,000 Jun 2025 12,113 SF
109 20th N, Birmingham, AL 35203-3603 $1,459,441 Sep 2024 12,000 SF
2008 1st N, Birmingham, AL 35203-4102 $337,000 Sep 2023 52,848 SF
2625 2nd N, Birmingham, AL 35203-3902 $2,150,000 May 2023 23,333 SF
2021 2nd N, Birmingham, AL 35203-3703 $1,875,000 Feb 2023 21,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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