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Property profile & analytics
OFF-MARKET
Estimated value
$6,470,000
Office Spaces
400 Vestavia Pkwy Vestavia, AL 35216-3763
Individually Owned
33-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0892603
Property summary
AI-generated overview
Highpoint Office Center offers exceptional office space for lease in Birmingham, Alabama. This prestigious Class A building boasts a total of 56,000 square feet, providing flexible floor plans to accommodate various business needs. Currently, there are multiple spaces available, ranging from a minimum of 1,771 square feet to a maximum contiguous space of 4,967 square feet, with a total of 12,421 square feet currently vacant. The building's strategic location offers easy access to Interstate 65 and U.S. Highway 31 South, ensuring convenient commutes for employees and clients. Its proximity to the Birmingham Central Business District and Birmingham-Shuttlesworth International Airport further enhances its appeal. The building is designed as a multi-tenant facility, providing a collaborative and professional environment. This is an excellent opportunity for businesses seeking modern, efficient, and well-located office space in a thriving area of Birmingham. The available spaces are ideal for companies seeking to establish a strong presence in the city, offering a blend of accessibility and prestige. Inquire today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Construction
STEEL FRAME
Total area
30,258 SF
Lot
4.93 ac (214,751 SF)
Zoning code
B2
APN
29-00-36-4-007-004.004
UPID
US03-0892603
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
Current use
Occupant on record · Public records
-
United Concordia Co Inc Dental Office
-
Bernhard TME Engineering Consultant
-
The Birmingham Psychology Group Physician Medical Clinic
-
Angel Jernigan, LPC Counselor Mental Health Service
-
Cahaba Benefits Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.41M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$6.47M
Owner & transaction history
Highpoint Ltd · 33 yrs held
Highpoint Ltd
since 1993
Last sale
$8.4M
1 recorded transaction
Zoning & alternative use
B2 · Vestavia, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+107.7%
Neighborhood: shopping center
$8.2M
+105.4%
Apartment house (5+ units)
$6.1M
+53.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vestavia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vestavia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,855,000
6.5%
$5,405,000
7%
$5,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,985,000
Current use
RESTAURANT
$8,275,000
Change: +108% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,180,000
Change: +105% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,100,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$5,385,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$5,060,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,870,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$6.47M
Range $5.82M – $7.12M · ±10% · vs last sale $8.36M (Jul 7 2025)
Last sale anchor
$8.36M
Jul 7 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$214 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$103,064
Tax year 2022
Assessed value
$1,354,460
Assessed 2023
Previous assessed
$1,113,000
+21.7% YoY
Effective rate
7.61%
On assessed value
Assessed land
$193,280
Assessed improvement
$1,161,180
Land market value
$966,400
Improvement market value
$5,805,900
Total market value
$6,772,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
4
Bathrooms
1
Total area
30,258 SF
Lot
4.93 ac (214,751 SF)
Zoning code
B2
APN
29-00-36-4-007-004.004
UPID
US03-0892603
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Vestavia, AL
Zoning B2 · permitted uses
B2 · Vestavia, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vestavia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
RESTAURANT
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
1
Lot
4.93 ac
Current owner
From public records · entity-resolved
Highpoint Ltd
Individual
Free & Clear · 33 yrs held
Mailing address
2908 W BAY TO BAY BLVD #200, TAMPA, FL 33629-8113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 1993
$6,200,000
Highpoint Ltd
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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