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Property profile & analytics
OFF-MARKET Estimated value $6,405,000
Community centers

1680 Montclair Rd Irondale, AL 35210-2410

19,357 SF 2.64 ac lot Built 2007
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US03-0378093
Property summary
AI-generated overview

This exceptional commercial property, Eastwood Village East, presents a prime investment opportunity in Birmingham, Alabama. Located at 1680 Montclair Rd, 35210, this two-building complex offers a total of 37,917 square feet of versatile space, ideal for a variety of uses including traditional office, coworking, retail, boutiques, and salons. The property boasts a Class B rating and features 22 suites across one-story buildings. Currently, there are three available spaces ranging from 1,400 to 4,800 contiguous square feet, with a minimum divisible space of 1,400 square feet. Two of the available spaces are 2,400 square feet each, located in Building 5, while a 1,400 square foot space is available in Building 4. The center enjoys a highly desirable location, strategically positioned between Montclair Road and Crestwood Boulevard, a major retail hub in East Birmingham. Its proximity to a new $60 million Amazon Distribution Center, the new Birmingham Veterans Affairs Medical Center, and Interstate 20 provides unparalleled access and visibility. Recent additions of national retailers such as Sola Salons and ACE Hardware further enhance the area's appeal and growth potential. This Walmart shadow-anchored center offers a unique blend of convenience, accessibility, and growth potential, making it an attractive proposition for businesses seeking a thriving location in Birmingham.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2007
Total area 19,357 SF
Lot 2.64 ac (115,173 SF)
Zoning code CB2
APN 23-00-26-1-003-002.000
UPID US03-0378093
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.16M
CAP Approach CAP
$4.46M
Comparable Approach Comparable
$6.15M
Blend (final) Blend
$6.41M
Owner & transaction history
Eastwood Rgga LLC · 4 yrs held
Eastwood Rgga LLC
since 2021
Last sale
$6.8M
2 recorded transactions
2021
$6.8M
2014
Price N/A
Zoning & alternative use
CB2 · Irondale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.9M +81.0%
Apartment house (5+ units) $3.9M +40.9%
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