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    Property profile & analytics

    880 Montclair Rd Birmingham, AL 35213

    • Office Properties & Spaces
    • 87,013 SF
    • 5.90 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Jan 18, 2024
    $1,080,000
    Value Estimations
    $1,080,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2674915
    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.

    Current Use by Public Records

    • Nimrod Long & Associates / Landscaping / (Bike/Boat/Book/etc) Store
    • Hughes & Scalise / Law Firm
    • Birmingham Hematology and Oncology Associates / Medical Clinic / Hospital
    • Pain & Rehabilitation Institute / Physician
    • Lloyd, Gray, Whitehead & Monroe, P.C. / Law Firm

    Property Details for 880 Montclair Rd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    5.90 lot acres
    Property size
    87,013 SF
    Zone code
    O&I
    Property type
    Office Properties & Spaces
    APN
    23-00-33-1-002-005.000
    APU
    2300331002005000

    Description

    880 Montclair Road in Birmingham, Alabama, offers a prime opportunity for businesses seeking Class A office space. This traditional office building boasts a total of 137,852 square feet, with multiple tenancy options available. Three spaces are currently available, ranging from 1,421 to 5,479 contiguous square feet, providing flexibility for various business needs. The building's impressive 11,880 square feet of vacant space presents a unique chance to establish a presence in a thriving location. The property is conveniently situated on Montclair Road, offering easy access to the vibrant amenities of Crestline Village, Avondale, Mountain Brook Village, and English Village, including a wide array of restaurants and shopping options. With a total of 6 parking spaces per 1000 square feet, ample parking is ensured for tenants and their clients. The building's classification as Class A signifies its high-quality construction, modern amenities, and desirable location. This is an exceptional opportunity to secure office space in a sought-after Birmingham address. The available spaces provide a blend of convenience, accessibility, and a professional environment, making 880 Montclair Road an ideal location for businesses of all sizes. The building's strategic location and ample parking make it a highly attractive option for companies seeking a prestigious and functional workspace. The 35213 zip code further underscores its prime location within the Birmingham metropolitan area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,080,000
      ML approach
      $1,080,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7463
    Latitude
    33.5174
    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
    2022
    $274,333
    $317,042
    $3,904,738
    $4,221,780
    -
    $1,670,500
    $20,574,100
    $22,244,600

    Comparable in this City

    • Value Estimation by Request
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      3,397 SF

      11 Oak St

      OFFICE (GENERAL) • 3,397 SF
      11 Oak St, Birmingham, AL 35213
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    • Value Estimation
      $3,610,000
      25,030 SF

      3924 Montclair Rd

      OFFICE (GENERAL) • 25,030 SF
      3924 Montclair Rd, Birmingham, AL 35213
      View Details
    • Value Estimation
      $1,270,000
      8,177 SF

      36 Church St

      OFFICE (GENERAL) • 8,177 SF
      36 Church St, Mountain Brk, AL 35213-3756
      View Details
    • Value Estimation
      $1,015,000
      2,218 SF

      30 Dexter Ave

      OFFICE (GENERAL) • 2,218 SF
      30 Dexter Ave, Mountain Brk, AL 35213-3704
      View Details
    • Value Estimation
      $1,185,000
      7,783 SF

      11 Dexter Ave

      OFFICE (GENERAL) • 7,783 SF
      11 Dexter Ave, Mountain Brk, AL 35213-3703
      View Details

    Similar Nearby for Sale

    • $2,400,000
      26,475 SF

      Montclair Road Office Building For Sale

      Well-maintained office building with redevelopment potential in a growing area.
      924 Montclair Rd, Birmingham, AL 35213
      View Details
    • $525,000
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      Redmont Park Homesite Opportunity

      0.41 acre homesite in desirable Redmont Park neighborhood.
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    • $269,000
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      Well-Maintained Condo with Fenced Backyard

      Condo with 3 bedrooms, 2 bathrooms, one-level living, fenced backyard.
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    • New
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      0.18 Acres

      Residential Lot in Crestline Village

      Build your dream home in the heart of Crestline.
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    • $199,999
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      Redmont Lot in Birmingham

      Fantastic 0.29 acre lot in Redmont, Birmingham.
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    Similar Nearby for Lease

    • $23 SF/Yr
      11,643 SF

      Prime Birmingham Executive Office Space

      Class A Office Suites, Jefferson County
      3900 Montclair Rd, Birmingham, AL 35213
      View Details
    • $19 SF/Yr
      51,528 SF

      Crestbrook Plaza Executive Suites

      Mountain Brook Office Space Available
      3918 Montclair Rd, Mountain Brook, AL 35213
      View Details
    • $24 SF/Yr
      137,852 SF

      Prime Birmingham Office Space

      Class A Office, Multiple Suites Available
      880 Montclair Rd, Birmingham, AL 35213
      View Details
    • $23 SF/Yr

      Office Space in Mountain Brook

      Office space for rent with on-site post office.
      3900 Montclair Rd, Birmingham, AL 35213
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    • Contact for pricing
      1,811 SF

      Retail Space in Patton Creek

      Open-air shopping center with retail, dining, and fitness tenants.
      181 Main St, Hoover, AL 35213
      View Details
    • Contact for pricing
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      Open-Air Shopping Center Space

      Retail and restaurant spaces available in Hoover, Alabama.
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      View Details
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    Birmingham, AL 35213
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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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