801 Tom Martin Dr Birmingham, AL 35211-6426
- Office Properties & Spaces
- 90,710 SF
- 12.50 lot acres
Current Use by Public Records
- US Diaster Loan Services / Federal Courthouse
- Bad Pet Store / E-Commerce Service
Property Details for 801 Tom Martin Dr
- Year built
- 1995
- Lot size
- 12.50 lot acres
- Property size
- 90,710 SF
- Zone code
- M1
- Property type
- Office Properties & Spaces
- APN
- 29-00-33-1-000-001.007
- APU
- 2900331000001007
Description
This exceptional 91,061-square-foot property, located at 801 Tom Martin Drive in Birmingham, Alabama's desirable Oxmoor Valley, presents a unique opportunity for businesses seeking flexible and versatile space. The two-story building, situated on a single lot in Jefferson County, offers a diverse range of uses, including traditional office, executive office, medical office, and flex space, making it ideal for a variety of tenants. The property boasts ample parking with 447 surface spaces (4.94 per 1,000 square feet). Currently fully vacant, this space is ready for immediate occupancy. Recent capital improvements are extensive and include a complete roof replacement, HVAC upgrades (including chiller and cooling tower replacement), loading dock enhancements, and significant exterior improvements such as parking lot and lighting upgrades. Security has also been upgraded with access controls and cameras. Interior common areas have also undergone renovations. The building's zoning (MXD) allows for a broad spectrum of uses, including office, light industrial, institutional, recreational, religious conference centers, and medical facilities. The property was renovated in 2020, ensuring modern amenities and functionality. This is a rare opportunity to secure a large, well-maintained, and versatile property in a prime Birmingham location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $17,550,000
- 6.5%
- $16,200,000
- 7%
- $15,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $29,894,000
- AI Estimate
- $20,900,000
Market price range: $4.23M - $29.9MMarket price range: $11.7M - $20.9M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $17,185,000 Current use
- RESTAURANT
- $24,800,000 Change: +44% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $24,525,000 Change: +43% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $18,290,000 Change: +6% Conversion: Moderate
- MEDICAL BUILDING
- $16,145,000 Change: -6% Conversion: Easy
- OFFICE BUILDING
- $15,170,000 Change: -12% Conversion: Easy
- AUTO REPAIR, GARAGE
- $14,605,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8473
- Latitude
- 33.4331
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA