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Investment Highlights

  • Centrally located
  • Currently leased/occupied until 4th Quarter 2029
  • Highly efficient office layout

Executive Summary

Office Flex Building in Prime Pelham Location along Pelham Parkway. Located in the established Indian Hills Condominium subdivision. Minimal flood hazard designation (FEMA Zone X). Property in excellent condition, including TPO roof.
Centrally located between Valleydale Road and Highway 119 right off Highway 31 across from Walmart.
Yer in 1998
Highly efficient office layout featuring:
Drive-Up parking
Spacious lobby
Breakroom
Conference Room
Conditioned storage area
Private offices

Attachments

2148 Pelham Pkwy

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
5,040 SF
Building Class
C
Year Built
1998
Price
$1,214,951 CAD
Price Per SF
$241.06 CAD
Cap Rate
8%
NOI
$97,196 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,040 SF
Building FAR
0.05
Lot Size
2.51 AC
Zoning
Commercial
Parking
15 Spaces (2.98 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • All Home Services
  • Services
  • -
  • -
  • Single Net
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Serving your Engineering needs Ray Engineering, established 1990, has been serving leading industry and professional organizations planning, infrastructure and other electrical engineering needs. Ray Engineering Group provides design services for complete building power distribution systems. We have extensive experience in low-voltage (up to 600V) systems and medium-voltage systems (up to 15kV). Our experience includes site electrical distribution, essential power systems, emergency and standby power systems, power quality and power factor correction, lightning and surge protection, grounding systems, uninterruptible power systems, and power monitoring systems.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
All Home Services Services - - Single Net -
Professional, Scientific, and Technical Services - - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
10-9-31-2-001-013-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$95,849 CAD
  • Listing ID: 42020648

  • Date on Market: 2026-09-02

  • Last Updated:

  • Address: 2148 Pelham Pky, Pelham, AL 35124

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