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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Retail space

2271 Pelham Pkwy Pelham, AL 35124-1334

6,000 SF 0.56 ac lot Built 1996
Trust Owned 14-yr Hold Free & Clear
Property ID
US03-0939298
Property summary
AI-generated overview

This exceptional 6,000-square-foot retail space, formerly occupied by Cahaba Cycle, presents a prime opportunity in Pelham's thriving commercial district. Located at the highly visible intersection of Highway 31 (Pelham Parkway) and Highway 119 (Cahaba Valley Road), this single-tenant building offers unparalleled exposure to a high-traffic area. The property boasts abundant off-street parking, ensuring convenient access for customers. The entire 6,000 square feet is currently vacant and available for lease, offering flexibility for a variety of retail uses. A reduced lease rate of $20 per square foot is currently being offered. New renderings showcase the potential for various retail configurations. This location benefits from its proximity to Interstate 65, providing easy access for commuters and customers from a wider region. Furthermore, its strategic placement near the Hoover Galleria, numerous restaurants, and other shopping destinations enhances its appeal and potential for attracting a substantial customer base. The property is situated within Shelby County, in the Pelham submarket, known for its high-income residential communities and robust economic growth. This is a rare opportunity to secure a prominent retail space in a rapidly developing area. The building is a single-story structure with no elevators.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,000 SF
Lot 0.56 ac (24,306 SF)
APN 109313001019010
UPID US03-0939298
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.07M
Owner & transaction history
Synovus Trust Co|grammas,peter M · 14 yrs held
Synovus Trust Co|grammas,peter M
since 2011
7 recorded transactions
2017
Price N/A
2011
Price N/A
2010
Price N/A
2010
Price N/A
2009
Price N/A
2009
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +46.4%
Commercial (general) $775,000 +3.7%
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