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    500 Inverness Cors Birmingham, AL 35242
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    Property profile & analytics

    500 Inverness Cors, Birmingham, AL 35242

    View on Map
    • Community centers
    • 43,723 SF
    • 23.62 lot acres
    For Lease
    $22,310,000
    View Listing →
    Birmingham Land and Retail Space For Lease
    $22,310,000

    Birmingham Land and Retail Space

    Land and retail space available for rent in Birmingham.

    500 Inverness Cors, Birmingham, AL 35242
    View Listing
    Property ID
    US03-1273526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $22,310,000
    Cap Rate Potential
    3%
    Community centers
    Location Intelligence

    Current Use by Public Records

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    • Western Union / Bank / Credit Union
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    Property Details for 500 Inverness Cors

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    23.62 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    27360001027008
    APU
    27360001027008

    Description

    Located in the thriving Birmingham, Alabama market, Inverness Corners offers exceptional retail space within a well-established shopping center. This prime Shelby County property boasts a total of 241,925 square feet of retail space, with multiple tenancy options available. Currently, there are 17,227 square feet of vacant space ready for immediate occupancy. Units range in size from a minimum of 880 square feet to a maximum contiguous space of 4,635 square feet, providing flexibility for businesses of various scales. The property's address is 500 Inverness Cors, Birmingham, AL 35242. Its strategic location within Shelby County ensures high visibility and accessibility for customers. The property is classified as both retail and land, presenting a unique opportunity for investors and businesses seeking a prominent presence in a bustling commercial area. The diverse range of unit sizes allows for customization and adaptability to suit a variety of retail needs. This is an excellent opportunity to establish or expand your business in a high-traffic location with ample space to accommodate your operations. Contact us today to learn more about the available spaces and leasing options at Inverness Corners.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $25,685,000
      Market price range: $1.10M - $25.7M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.695
    Latitude
    33.4171
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $295,268
    $0.00
    $0.00
    $4,399,820
    -
    $10,385,590
    $11,613,430
    $21,999,020

    Comparable in this City

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      47,331 SF

      5267 Hwy 280

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    • Value Estimation by Request
      52,000 SF

      4637 Us-280

      Lifestyle centers
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    • Value Estimation
      $2,870,000
      14,508 SF

      1801 Doug Baker Blvd

      SHOPPING CENTER, STRIP CENTER
      1801 Doug Baker Blvd, Hoover, AL 35242-4957
      View Details
    • Value Estimation
      $4,780,000
      27,986 SF

      5511 Hwy 280

      SHOPPING CENTER, STRIP CENTER
      5511 Hwy 280, Birmingham, AL 35242-6585
      View Details

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      Highway Frontage Retail/Office Building

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      Inverness Center Retail Opportunity

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      Commercial building suitable for various business types with ample parking.
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      Birmingham Office Building For Sale

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      Prime Retail Frontage on Highway

      Excellent opportunity for ground lease, purchase, or renovation.
      5425 Us Hwy 280, Birmingham, AL 35242
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on High-Traffic Corner

      74,785 SF retail center at a prominent intersection.
      165 Inverness Plz, Birmingham, AL 35242
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      2,600 SF

      Retail Space Anchored by Publix

      Retail spaces available in a high-traffic, anchored shopping center.
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      8,156 SF

      Retail Space on Highway 280

      Retail spaces available along high-traffic Highway 280 retail corridor.
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      Retail Space with Anchor Tenants

      Retail space available with established anchor tenants.
      5291 Us-280, Birmingham, AL 35242
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      1,400 SF

      Highway 280 Retail Space Available

      Five 1,400 SF units available in high-visibility strip center.
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      View Details
    • Contact for pricing
      750 SF

      Retail Spaces on Highway 280

      Retail suites available with highway visibility near major retailers.
      5530 Highway 280, Birmingham, AL 35242
      View Details
    View Listing
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    Birmingham, AL 35242
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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