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    1976 Gadsden Hwy Birmingham, AL 35235

    • Office Properties & Spaces
    • 21,440 SF
    • 1.66 lot acres
    For Lease
    View listing
    $6,000 /Mo
    Last Sale
    Oct 28, 2022
    $2,330,000
    Value Estimations
    $2,325,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0805106
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Benjamin Geisinger Brannick / Podiatrist
    • Upperline Health Trussville / Podiatrist
    • Valerie Baskerville / Podiatrist
    • Dr. Jessica Brown / Podiatrist / Health Care Facility
    • Dr. Courtney Crayne / Pediatrician / Practitioner Service Location

    Property Details for 1976 Gadsden Hwy

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.66 lot acres
    Property size
    21,440 SF
    Zone code
    CP
    Property type
    Office Properties & Spaces
    APN
    12-00-27-4-002-008.002
    APU
    1200274002008002

    Description

    This exceptional office building, Trussville Executive Park, offers four available suites ranging from 175 to 244 square feet, perfect for small businesses or individual professionals. Located at 1976 Gadsden Hwy in Birmingham, Alabama (zip code 35235), this traditional office space boasts a total of 18,323 square feet within a well-maintained building. The property features an elegantly updated lobby and common areas, creating a professional and welcoming atmosphere. Enjoy convenient access to major transportation arteries, including I-459 and I-59, ensuring seamless commutes for employees and clients. The location offers proximity to Trussville's vibrant shopping, dining, and residential neighborhoods, providing a desirable work-life balance. Ample parking is available on-site, eliminating parking hassles. Furthermore, the property benefits from recently refurbished landscaping, enhancing its curb appeal. A significant advantage for prospective tenants is the availability of a tenant improvement package for qualifying occupants, allowing for customization to meet specific business needs. This property is situated in Jefferson County and is free from city occupational tax. This is a rare opportunity to secure high-quality office space in a thriving Birmingham location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,115,000
      ML approach
      $2,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,953,000
      Market price range: $1.43M - $2.95M
      AI Estimate
      $3,504,000
      Market price range: $1.08M - $3.52M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,200,000
      Current use
      AUTO REPAIR, GARAGE
      $3,450,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $2,620,000
      Change: +19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.6264
    Latitude
    33.6114
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $38,158
    $168,698
    $533,742
    $702,440
    -
    $751,100
    $2,376,400
    $3,127,500

    Comparable in this City

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      3504 Vann Rd

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    • Value Estimation
      $300,000
      967 SF

      5635 Chalkville Rd

      OFFICE (GENERAL) • 967 SF
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    • Value Estimation
      $425,000
      5,813 SF

      1021 Gadsden Hwy

      OFFICE (GENERAL) • 5,813 SF
      1021 Gadsden Hwy, Birmingham, AL 35235-3113
      View Details
    • Value Estimation
      $445,000
      8,050 SF

      1001 Parrish Ln

      OFFICE (GENERAL) • 8,050 SF
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      View Details

    Similar Nearby for Sale

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      Trussville Executive Office Building

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      Gadsden Hwy Medical Office Building

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      Prime Trussville Office Building

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    Similar Nearby for Lease

    • $10 SF/Yr
      2,829 SF

      Trussville Office Building - Prime Location

      Single-tenant office, 2,829 sq ft, great Trussville location.
      2033 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • $6,000 /Mo
      18,323 SF

      Trussville Executive Park Office Suites

      Prime Birmingham Office Space, Multiple Suites Available
      1976 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • $25 SF/Yr
      16,684 SF

      Gadsden Highway Office Space

      Trussville Office Building - Lease Available
      1972 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • Contact for pricing
      496,915 SF

      St. Vincent's East Medical Office Space

      Prime Birmingham medical office suites, ample parking.
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      Birmingham Medical/Creative Office Space

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    • $24 SF/Yr
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      Edwards Lake Road Medical Office

      Trussville medical office space available.
      3240 Edwards Lake Pkwy, Birmingham, AL 35235
      View Details
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    Birmingham, AL 35235
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    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
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