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420 20th N St Birmingham, AL 35203-5200

OFF-MARKET Office Spaces Google Maps
42,616 SF 0.8 ac lot Built 1986
Individually Owned 2-yr Hold Free & Clear
Estimated value (blended)
$80k
Range $72k – $88k (±10%)
Property ID US03-0686295

Property summary

AI-generated overview

Shipt Tower presents a unique opportunity to lease 84,635 square feet of premium Class A office space in downtown Birmingham, Alabama. This iconic 34-story building, located at 420 20th St N, zip code 35203, within Jefferson County, offers unparalleled views and a prestigious address. Originally constructed in 1986 and extensively renovated in 2015, Shipt Tower boasts a modern and efficient layout ideal for a variety of businesses. The single building encompasses a total of 514,893 square feet, currently offering multiple tenancy options. The available space is perfect for companies seeking a significant footprint in a vibrant urban setting. Its central location provides easy access to major transportation routes, amenities, and a thriving business community. This is a chance to secure a prominent presence in one of Birmingham's most sought-after commercial properties. The building's modern infrastructure and recent renovations ensure a comfortable and productive work environment. Interested parties are encouraged to inquire about this exceptional leasing opportunity.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Total area 42,616 SF
Lot 0.8 ac (35,000 SF)
Zoning code B4
APN 22-00-36-2-020-001.000
UPID US03-0686295

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
  • Law Firm
  • Law Firm
  • Consultant
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$80k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2024
Last sale
$80,000
6 recorded transactions
2024
$80,000
2015
$165.7M
2011
$68,500
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B4 · Birmingham, AL
Zoning description

Ordinance, when referred to in this Section, are the regulations in the B-4 Central Business District. Subsection 2. Use regulations. The use regulations are the same as those in the B-3 Community Business District. Subs…

General category COMMERCIAL

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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