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2320 Highland S Ave Birmingham, AL 35205-2962

OFF-MARKET Office Spaces Google Maps
27,101 SF 0.72 ac lot Built 1987
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$630k
Range $567k – $693k (±10%)
Property ID US03-1038388

Property summary

AI-generated overview

This exceptional office space, located at 2320 Highland Avenue in Birmingham, Alabama, offers two available suites within a larger 19,610 square foot building. The suites range in size from 1,400 to 2,586 square feet, providing flexibility for businesses of varying needs. The building itself was constructed in 1987 and boasts a highly desirable location on Highland Avenue. This prime address places tenants within easy walking distance of several popular local establishments, including Caldwell Park, Freddy's Wine Bar, Bottega, and The Garage Cafe, offering employees convenient access to amenities and a vibrant atmosphere. The property also features the added convenience of covered parking located behind the building, ensuring secure and sheltered parking for tenants and their visitors. The property is classified as a traditional office building with multiple tenancies, situated in Jefferson County. This presents a unique opportunity to secure office space in a thriving Birmingham neighborhood with excellent accessibility and a strong local presence. The building's size and layout offer potential for customization and adaptation to suit specific business requirements. Inquire today to learn more about leasing opportunities.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1987
Total area 27,101 SF
Lot 0.72 ac (31,188 SF)
Zoning code R7
APN 28-00-06-2-009-008.000
UPID US03-1038388

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
  • Law Firm
  • Structural Engineer
  • Consultant
  • Property Management Company
  • Charitable Organization Social Service Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.84M
Comparable Approach Comparable
$4.60M
Blend (final) Blend
$630k

Owner & transaction history

since 2018
3 recorded transactions
2018
$1.7M
2016
$1.5M
1969
Price N/A

Zoning & alternative use

R7 · Birmingham, AL
Zoning description

when referred to in this Section, are the regulations in the R -7 Multiple Dwelling District. Subsection 2. Use regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in t…

General category RESIDENTIAL
Top alternative use upside
Restaurant $7.4M +127.1%
Neighborhood: shopping center $7.3M +124.5%
Apartment house (5+ units) $5.5M +67.5%

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
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