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    Property profile & analytics

    1900 International Park Dr Birmingham, AL 35243

    • Office Properties & Spaces
    • 41,908 SF
    • 4.50 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0614670
    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

    • Compassus / Hospice / Home Health Care Service
    • Rödl Langford de Kock LLP / Accountant / Accounting Firm
    • Rödl & Partner / Tax Preparation Service
    • FedEx Drop Box / Mailing Service
    • Ascension at Home together with Compassus / Home Health Care Service

    Property Details for 1900 International Park Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    4.50 lot acres
    Property size
    41,908 SF
    Zone code
    PO
    Property type
    Office Properties & Spaces
    APN
    40-00-05-4-004-002.000
    APU
    4000054004002000

    Description

    This exceptional Class A office property, located at 1900 International Park Drive in Birmingham, Alabama, offers a rare opportunity for businesses seeking premium workspace. The building boasts a total of 65,427 square feet, with multiple suites available for lease. Two suites are currently available, ranging from a minimum of 2,739 square feet to a maximum contiguous space of 5,694 square feet. A total of 8,433 square feet is currently vacant and ready for immediate occupancy. The building is categorized as a Traditional Office and Executive Office space, providing a versatile environment for various business needs. Ample parking is provided with a generous 717 total parking spaces, shared with the neighboring 1800 International Park, resulting in a parking ratio of 3.4 spaces per 1,000 square feet. Situated in Jefferson County, Alabama, with a zip code of 35243, this property offers convenient access to major transportation routes and amenities. This is an ideal location for businesses seeking a prestigious address and a highly functional workspace. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional Birmingham office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,110,000
      6.5%
      $7,485,000
      7%
      $6,950,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,229,000
      Market price range: $1.90M - $7.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,345,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $8,450,000
      Change: +15% Conversion: Moderate
      MEDICAL BUILDING
      $7,460,000
      Change: +2% Conversion: Easy
      OFFICE BUILDING
      $7,005,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,745,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7618
    Latitude
    33.4074
    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
    $120,156
    $784,080
    $1,120,420
    $1,904,500
    -
    $3,920,400
    $5,602,100
    $9,522,500

    Comparable in this City

    • Value Estimation
      $15,375,000
      85,994 SF

      1 Perimeter S Park

      OFFICE (GENERAL) • 85,994 SF
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      View Details
    • Value Estimation
      $615,000
      5,506 SF

      4154 Crosshaven Dr

      OFFICE (GENERAL) • 5,506 SF
      4154 Crosshaven Dr, Vestavia, AL 35243-5228
      View Details
    • Value Estimation by Request
      2,737 SF

      4213 Dolly Rdg Rd

      OFFICE (GENERAL) • 2,737 SF
      4213 Dolly Rdg Rd, Vestavia, AL 35243-5703
      View Details
    • Value Estimation by Request
      3,580 SF

      3020 Pump House Rd

      OFFICE (GENERAL) • 3,580 SF
      3020 Pump House Rd, Vestavia, AL 35243-1803
      View Details
    • Value Estimation
      $1,900,000
      14,325 SF

      4501 Pne Tree Cir

      OFFICE (GENERAL) • 14,325 SF
      4501 Pne Tree Cir, Vestavia, AL 35243-2577
      View Details
    • Value Estimation
      $9,640,000
      59,386 SF

      2000 International Park Dr

      OFFICE (GENERAL) • 59,386 SF
      2000 International Park Dr, Birmingham, AL 35243-4221
      View Details

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      Prime Birmingham Office Space

      Class A Office Suites Available Now
      1900 International Park Dr, Birmingham, AL 35243
      View Details
    • Contact for pricing
      197,692 SF

      Two Perimeter Park South Offices

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      View Details
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    1900 International Park Dr
    Birmingham, AL 35243
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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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