213 1St StAlabaster, AL 35007

  • Office properties
  • 3,756 SF
For Lease
$17/SF/YR View listing

Property Details for 213 1St St

Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.25 AC
Property size (Sq ft)
3,756 SF
Property type
Office properties
Property subtype
Office buildings
APN
137354402006000
APU
137354402006000

Description

This renovated 1970 building, formerly the Alabaster Water Board, offers 1,831 square feet of immediately available office space at 213 1st St N, Alabaster, AL 35007. Located in the Alabaster submarket, this Class C property features a convenient location with easy highway access via Hwy 31. The building, situated on 0.258 acres, boasts a total of 3,756 square feet, divided into two suites. Suite B, the available space, occupies the first floor and offers ample parking with 18 spaces shared between the two suites. The building has two separate entrances, including a designated employee entrance and a main entrance leading to the reception and office area. The suite features a 9-foot ceiling height and is part of a two-story building. The property is zoned B-3 and has a convenient cross street access via 2nd Place NW. The building underwent renovations in 2014. This space is ideal for growing businesses seeking a functional and accessible office environment in a prime Alabaster location. The property is suitable for traditional office use or coworking arrangements. The APN is 13-7-35-4-402-006.000. No elevators are present.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $794,410
    6.5%
    $733,302
    7%
    $680,923
  • Comparable approach

    Method
    Valuation
    Relative Method
    $611,815
    Geo Method
    $732,645
  • Alternative Use

    Use
    Valuation
    Residential
    $909,294
    Hospitality
    $832,909
    Educational
    $692,970
    Medical
    $716,803
    Retail
    $1,077,954
213 1St St, Alabaster, Alabama

Location Insight

City
Alabaster
County
Shelby
State
Alabama
Latitude
33.2456
Longitude
-86.8162
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
-
-
-
$94,520
-
$116,550
$356,010
$472,560

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