3240 Edwards Lake PkwyBirmingham, AL 35235

Property Details for 3240 Edwards Lake Pkwy

Year built

2002

Construction

STEEL FRAME

Lot size

0.90 AC

Property size (Sq ft)

19,299 SF

Zone code

C1

Property type

Medical offices

Property subtype

Medical centers

APN

12-00-33-1-000-014.002

APU

1200331000014002

Description

This two-story, Class B medical office building, constructed in 2002, offers 15,609 square feet of space in a prime Trussville location. The building features five suites, with a minimum divisible space of 787 square feet and a maximum contiguous space of 7,804 square feet. Currently, 787 square feet are vacant, situated on the second floor and previously used as a compounding pharmacy. This space includes a kitchenette. The building boasts a controlled-access system, individual HVAC units for each suite, and 30 total parking spaces. Located on Edwards Lake Road, near Edwards Lake Road, it benefits from excellent access to I-459 and I-59, placing it within easy reach of Ascension St. Vincent's East Hospital. The property's strategic location is further enhanced by its proximity to a variety of retail establishments, multifamily residential complexes, and a Hilton Garden Inn. The property sits on 0.9 acres of land and is zoned C-1. Jefferson County APN: 12-00-33-1-000-014.002. Alabama Power provides electricity. The building includes elevators. Annual property taxes are $2.72 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $4,081,823

  6.5%

  $3,767,836

  7%

  $3,498,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,143,614

  Geo Method

  $3,764,463

• Alternative Use

  Use

  Valuation

  Residential

  $4,672,117

  Hospitality

  $4,279,634

  Educational

  $3,560,605

  Medical

  $3,683,060

  Retail

  $5,538,720

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5984

Longitude

-86.6475

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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