213 1St StAlabaster, AL 35007

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 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.

• 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 Income

  $909,294

  Hospitality / Lodging

  $832,909

  Institutional / Educational

  $692,970

  Healthcare / Senior Housing

  $716,803

  Retail / Commercial

  $1,077,954

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

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