Live-Work Warehouse
100 N 1ST Ave Birmingham, AL 35204
100 N 1ST Ave, Birmingham, AL, 35204
$675,000
For Sale
$675,000
Two warehouse buildings converted for live-work use, featuring concrete counters and multiple bedrooms and baths.
Property Size5,000 SF
Price / SF$135
Days on Market2702
Property Features for 100 N 1ST Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- General Commercial
Listing agency
(205) 295-0287
Listed by
White Pepper Real Estate
Source
Xome
Added: Feb 27, 2019 Updated: Jul 22 at 6:29PM Checked: Jul 22 at 6:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of White Pepper Real Estate
Investment Insights
Based on property information with market context.
The property offers two warehouse-style buildings that have been converted for live-work use. One building is approximately 3,500 square feet and includes 3 bedrooms and 3.5 baths. The second building is approximately 1,500 square feet with 2 bedrooms and 2 baths.
Additional details include concrete counters and ample entertaining space, tying the industrial-style setting to an everyday living layout. The offering is for sale at 100 N 1st Ave, Birmingham, AL 35204.
Additional details include concrete counters and ample entertaining space, tying the industrial-style setting to an everyday living layout. The offering is for sale at 100 N 1st Ave, Birmingham, AL 35204.
Key Highlights
- Two warehouse buildings converted for live‑work use
- Building 1: approx. 3,500 SF with 3 beds and 3.5 baths
- Building 2: approx. 1,500 SF with 2 beds and 2 baths
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.0k | $20.40 |
| − Vacancy | −$21.9k | −$4.39 |
| EGI | $80.1k | $16.01 |
| − OpEx | −$20.0k | −$4.00 |
| NOI | $60.1k | $12.01 |
5,000 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$857.9K
$750.7K – $1.00M
NOI $60,053 @ 7.0% cap · market cap 8.90%
Second Best
Mixed Use
$829.3K
$725.6K – $967.5K
NOI $58,050 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,152 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Barefoot Builders LLC ...
Renovation Specialist
South Elyton Baptist ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two warehouse buildings converted for live-work use, featuring concrete counters and multiple bedrooms and baths.
Where is this live-work space located?
The property is located at 100 N 1ST Ave Birmingham, AL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two warehouse buildings converted for live‑work use; Building 1: approx. 3,500 SF with 3 beds and 3.5 baths; Building 2: approx. 1,500 SF with 2 beds and 2 baths
