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Red Lane Plaza 524 Red Lane Rd 6,800 SF 80% Leased Office Building Birmingham, AL 35215 $900,000 ($132.35/SF) 7.16% Cap Rate
EXECUTIVE SUMMARY
Prime Investment Opportunity – Red Lane Plaza | 80% Leased | Cash-Flowing Asset | 1031 Exchange Friendly
Positioned near one of the city’s most active commercial corridors, the Sanders Building offers immediate income and long-term upside. This well-maintained office property is priced to sell quickly and boasts 80% occupancy with a diverse and stable tenant mix, including:
- A city councilman’s office
- A popular barbershop
- A local nonprofit organization
- A thriving salon
The remaining vacant suite is a fully equipped dental office, move-in ready and ideal for an owner-user or new tenant. With strong in-place cash flow and rent rolls available upon request, this asset is 1031 exchange friendly and well-suited for investors seeking dependable returns in a high-visibility location.
Location Highlights
Close proximity to high-traffic retail and consumer activity
Easy access and strong street presence
Surrounded by complementary businesses and services
Whether you're expanding your portfolio or seeking a value-add opportunity with minimal effort, the Sanders Building delivers. Don’t miss this chance to own a performing asset in a growth corridor.
Positioned near one of the city’s most active commercial corridors, the Sanders Building offers immediate income and long-term upside. This well-maintained office property is priced to sell quickly and boasts 80% occupancy with a diverse and stable tenant mix, including:
- A city councilman’s office
- A popular barbershop
- A local nonprofit organization
- A thriving salon
The remaining vacant suite is a fully equipped dental office, move-in ready and ideal for an owner-user or new tenant. With strong in-place cash flow and rent rolls available upon request, this asset is 1031 exchange friendly and well-suited for investors seeking dependable returns in a high-visibility location.
Location Highlights
Close proximity to high-traffic retail and consumer activity
Easy access and strong street presence
Surrounded by complementary businesses and services
Whether you're expanding your portfolio or seeking a value-add opportunity with minimal effort, the Sanders Building delivers. Don’t miss this chance to own a performing asset in a growth corridor.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
6,800 SF
Building Class
C
Year Built
2000
Price
$900,000
Price Per SF
$132.35
Cap Rate
7.16%
NOI
$64,408
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,612 SF
Building FAR
0.32
Lot Size
0.49 AC
Zoning
CB2 - Lot 13-A, According to the Resurvey Lots 13 & 14 Crows Addn To Huffman, As Recorded Map BK 199 Page 10 Jeff. Co, Al B'ham Division
Parking
17 Spaces (2.5 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Barbershop
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Black Alabamians for Education
- Educational Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Prescott Enterprise
- Public Administration
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Wigz by Cort
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Barbershop | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Black Alabamians for Education | Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Prescott Enterprise | Public Administration | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Wigz by Cort | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Suite F = 2,118 sq. ft. Newly Renovated: HVAC systems, including furnaces are brand newer. Previous Tenants: Church Ministry, Salon Suites, Salon, Nail Tech, Retail Shop, Real Estate office, Tax Service. *Suite F is a Fully OPERABLE Dental Office. Previous Tenant Dental. Suite F is perfect for a dentist office and/or salon suite! The space is divided into 5 Operatory, 3 Restrooms, employee break room, x-ray room, physicians office, a large reception area and waiting room. New Ac & electrical wiring. Contact M. Sanders for more info: (404) 787-9787
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Suite A | 2,118 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste Suite A
| Size |
| 2,118 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste Suite A
| Size | 2,118 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Suite F = 2,118 sq. ft. Newly Renovated: HVAC systems, including furnaces are brand newer. Previous Tenants: Church Ministry, Salon Suites, Salon, Nail Tech, Retail Shop, Real Estate office, Tax Service. *Suite F is a Fully OPERABLE Dental Office. Previous Tenant Dental. Suite F is perfect for a dentist office and/or salon suite! The space is divided into 5 Operatory, 3 Restrooms, employee break room, x-ray room, physicians office, a large reception area and waiting room. New Ac & electrical wiring. Contact M. Sanders for more info: (404) 787-9787
1 1
PROPERTY TAXES
| Parcel Number | 13-00-36-3-010-005.001 | Total Assessment | $92,780 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
13-00-36-3-010-005.001
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$92,780 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 43
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Red Lane Plaza | 524 Red Lane Rd
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