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3804 3rd S Ave Birmingham, AL 35222-1824

OFF-MARKET Office Spaces Google Maps
2,280 SF 0.16 ac lot Built 1950
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US03-0395118

Property summary

AI-generated overview

This exceptional 2,100 square foot executive office building is ideally situated in Avondale, Birmingham, Alabama. Priced at $425,000, this property boasts a prime location and is considered the most attractive small office in the area. The main floor offers a versatile layout including three to four private offices, a dedicated conference room, a convenient break room, and a full bathroom. Step outside to enjoy a spacious deck, perfect for employee breaks or client meetings. The property also features a heated and cooled basement, providing ample additional space for storage or expansion. Six or more private parking spaces are included, ensuring convenient parking for staff and visitors. Its proximity to downtown Avondale makes it easily accessible. This turnkey office building presents a fantastic opportunity for a business seeking a well-appointed and conveniently located space. The address is 3804 3rd Ave S, Birmingham, AL 35222.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1950
Total area 2,280 SF
Lot 0.16 ac (7,000 SF)
Zoning code B2
APN 23-00-29-3-023-005.000
UPID US03-0395118

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2017
4 recorded transactions
2017
$108,000
2017
Price N/A
1993
$40,000
1969
Price N/A

Zoning & alternative use

B2 · Birmingham, AL
Zoning description

Section 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 Gener…

General category CIVIC_INSTITUTIONAL

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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