4100 Colonnade PkwyBirmingham, AL 35243

Property Details for 4100 Colonnade Pkwy

Year built

1990

Construction

STEEL FRAME

Lot size

1.78 AC

Property size (Sq ft)

24,782 SF

Zone code

B2

Property type

Office properties

Property subtype

Other office properties

APN

28-00-27-4-001-001.004

APU

2800274001001004

Description

This exceptional Class A, 22,850-square-foot industrial property, located at 4100 Colonnade Parkway in Birmingham, Alabama, presents a unique owner-user opportunity. Situated in the highly desirable Highway 280/I-459 corridor, this mixed-use building offers a blend of office, flex, and warehouse space, ideal for a variety of businesses. Its prime location within the Colonnade Development, one of Alabama's most sought-after office parks, provides excellent visibility and accessibility. The property's design is versatile, featuring ample storage, convenient drive-up doors, and an exterior loading dock, ensuring easy handling of large equipment or supplies. The interior is configured as an office/flex building, suitable for various professional uses. Furthermore, the building has the potential to be divided into three separate suites, offering flexibility for future expansion or multi-tenant occupancy. The asking price is $3,950,000, translating to $172.87 per square foot. Its proximity to Grandview Medical Center makes it particularly attractive to medical-related businesses. This property represents a rare chance to acquire a high-quality, strategically located asset in a thriving market. Jefferson County, AL zip code 35243.

• CAP approach

  CAP return

  Valuation

  6%

  $5,241,501

  6.5%

  $4,838,308

  7%

  $4,492,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,036,740

  Geo Method

  $4,833,977

• Alternative Use

  Use

  Valuation

  Residential

  $5,999,502

  Hospitality

  $5,495,512

  Educational

  $4,572,202

  Medical

  $4,729,446

  Retail

  $7,112,314

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4359

Longitude

-86.735

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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