Property profile

201 London Pkwy Birmingham, AL 35211

OFF-MARKET
Office Spaces
Property ID
US03-0721687
62,858 SF 6.15 ac lot Built 2000
Entity Owned 18-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Birmingham, Alabama office building, located at 201 London Parkway, offers 56,684 square feet of rentable space on approximately 6.11 acres. Currently 100% leased to six tenants, including a significant anchor tenant, the State of Alabama (occupying 16,704 square feet), this property boasts a substantial and contracted cash flow. The building features a superior location with tremendous access and proximity to amenities, making it a highly desirable investment. Over $500,000 in capital improvements have been invested in the past five years, ensuring the property is impeccably maintained and offers an exceptional tenant environment. The property benefits from a tight, supply-constrained market, further enhancing its investment potential. Priced at $8,900,000, this mostly triple net leased office/flex building presents a unique opportunity to acquire a premier asset in a prime location. The building's strong tenant base and consistent cash flow make it an attractive investment for discerning buyers. This is a rare opportunity to acquire a high-quality, fully occupied office building in a desirable market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2000
Total area 62,858 SF
Lot 6.15 ac (267,894 SF)
Zoning code I3
APN 29-00-28-3-000-001.005
UPID US03-0721687

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Marketing & Advertising Printing Service
  • Physician
  • Postal Service Courier Service
  • Hardware & Home Improvement

Location

201 London Pkwy Birmingham, AL 35211-6304
Birmingham metro Census 14304 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.23M
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.96M

Owner & transaction history

since 2007
Last sale
$7.1M
3 recorded transactions
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I3 · Birmingham, AL
Zoning description

3. Planned Manufacturing (I-3) District. The planned manufacturing district is designed to allow for the orderly arrangement of high quality manufacturing development designed for maximum compatibility internally and wit…

General category INDUSTRIAL
Top alternative use upside
Apartment house (5+ units) $12.7M +6.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 201 London Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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