Flex Space with
For Sale
Contact for pricing
105 Corporate Woods Cir, Alabaster, AL 35007
M-1 zoning supports a range of commercial and industrial uses.
Property Size7,800 SF
Price / SF$102.56
Days on Market461
Property Features for 105 Corporate Woods Cir
General Information
Standard status
Active
Size
7,800 SF
Property subtype
INDUSTRIAL
Zoning
M-1
Warehouse & Industrial
Clear Height
19 ft
Warehouse Space
2,300 SF
Additional Details
Highway Access
Yes
Listing Agency:
Ironvest Partners
(205) 936-4041
Listed By:
Bart Moore · License #0001434130
Source:
Moodyscre
Added: May 28, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:47PM
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 Ironvest Partners
Investment Insights
Based on property information with market context.
This flex property at 105 Corporate Woods Cir contains 7,800 square feet, including 2,300 square feet of warehouse area. The warehouse portion offers 19-foot clear height and a roll-up door for loading and distribution. M-1 zoning is in place, and the property is situated within Corporate Woods Industrial Park in Alabaster, Alabama.
I-65 is approximately 1.8 miles away, representing a four-minute drive. An adjacent 1.23-acre lot is also available separately for expansion or auxiliary use.
I-65 is approximately 1.8 miles away, representing a four-minute drive. An adjacent 1.23-acre lot is also available separately for expansion or auxiliary use.
Key Highlights
- 7,800‑square‑foot flex property at 105 Corporate Woods Cir
- 2,300 SF warehouse area with 19’ clear height
- Roll‑up door supports loading and distribution
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,820
$789.8K
Cap Rate 7%
$564,157
$564.2K
Cap Rate 9%
$438,789
$438.8K
Market Conditions
NOI Build-Up for 7,800 SF
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.
Gross rent
$51.2K $6.56/SF
− Vacancy
−$4.7K −$0.60/SF
EGI
$46.5K $5.96/SF
− OpEx
−$7.0K −$0.89/SF
NOI
$39.5K $5.06/SF
Area
Shelby County, AL
Vacancy
9.20%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,820
Cap Rate 7%
$564,157
Cap Rate 9%
$438,789
Alternative Uses
Best Use
Warehouse
$564.2K
$493.6K – $658.2K
NOI $39,491 @ 7.0% cap · market cap 4.94%
Second Best
Flex RnD
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,157 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35007, AL
28,274
Population
10,634
Households
2.7
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
725
Density / Sq Mi
$86,994
Median Household Income
$47,572
Median Earnings
$1,348
Median Rent
$231,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - M-1 zoning supports a range of commercial and industrial uses.
Where is this flex space located?
The property is located at 105 Corporate Woods Cir Alabaster, AL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 7,800‑square‑foot flex property at 105 Corporate Woods Cir; 2,300 SF warehouse area with 19’ clear height; Roll‑up door supports loading and distribution
