Listing Agency: Ironvest Partners Show Phone

Listed By: Bart Moore · License #0001434130 Show Phone

Source: Moodyscre

Added: May 28, 2025 Changed: Oct 4 Last Checked: Oct 14 at 9:02PM

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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.

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 / Yr

$39,491

Cap Rate

4.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$789,820 $789.8K

Cap Rate 7%

$564,157 $564.2K

Cap Rate 9%

$438,789 $438.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,800 SF

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 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 (±1% cap)

NOI $39,491 @ 7.0% cap · market cap 4.94%

Second Best

Flex RnD

$474.6K

$415.2K – $553.7K (±1% cap)

NOI $33,219 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$1.83M

$1.60M – $2.14M (±1% cap)

NOI $128,157 @ 7.0% cap · market cap 16.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Clothing & Fashion Store Food Market Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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