586 Shades Crest RdBirmingham, AL 35226

Property Details for 586 Shades Crest Rd

Year built

1974

Lot size

1.24 AC

Property size (Sq ft)

5,261 SF

Zone code

C2

Property type

Office properties

APN

39-00-04-3-001-019.000

APU

3900043001019000

Description

This prestigious Class A office building, located at 586 Shades Crest Rd, Birmingham, AL 35226, presents a unique investment opportunity. The 3-story, 3,842 square foot building sits on a 1.24-acre lot boasting exceptional mountaintop views, including the renowned Lover's Leap Lookout. Currently, two 1,344 square foot spaces are available for lease or sale, each with a separate entrance on the upper two floors. These executive/traditional/creative office spaces are fully built-out and ready for immediate occupancy. An additional 1,154 square feet of ground floor storage space offers versatile potential. The building was constructed in 1974 and is situated in the desirable Bluff Park submarket. This property offers a blend of history, stunning views, and functional office space, making it an ideal location for discerning businesses. The minimum divisible space is 1,344 square feet, with a maximum contiguous space of 1,344 square feet. A total of 2,688 square feet is currently vacant. Don't miss this chance to own a piece of Birmingham history.

• CAP approach

  CAP return

  Valuation

  6%

  $1,261,090

  6.5%

  $1,164,080

  7%

  $1,080,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,964

  Geo Method

  $1,026,210

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,327,550

  Retail / Commercial

  $1,186,560

  Mixed-Use / Specialty

  $1,176,820

  Hospitality / Lodging

  $856,213

  Institutional / Educational

  $1,221,440

  Residential Income

  $1,429,090

  Multifamily

  $1,744,540

  Automotive / Energy

  $1,046,950

  Parking / Income-Based Land

  $366,737

  Restaurant / Food Service

  $600,304

  Healthcare / Senior Housing

  $1,212,460

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.4117

Longitude

-86.8574

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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