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    10693 Old Highway 280 Chelsea, AL 35043

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    For Lease
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    New 10,000 SF flex/industrial space in Chelsea, Alabama.

    Type:Warehouse/Flex Space
    Property size:
    10,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 30 at 10:30 pm

    Property Features for 10693 Old Highway 280

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Warehouse/Flex Space

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 10693 Old Highway 280 Contact us

    We can help!

    Listing Contact
    Giuliana Russo
    Giuliana Russo

    Listing agent Giuliana Russo License #AL #128104

    Listing office NAI Chase Commercial | Birmingham

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Chase Commercial | Birmingham

    Overview

    New Flex/Industrial Building

    This new flex/industrial building is located in the Highway 280 corridor of Chelsea. The property, delivering in 2025, offers approximately 10,000 square feet of space suitable for office, warehouse, or light industrial use. The facility features six dock-high loading doors, climate control, and flexible build-out options. It is situated just off U.S. Highway 280, providing traffic exposure and access to Birmingham, which is 20 minutes away. The location also boasts a variety of dining options, boutique shops, and local businesses. The space is subdivisible with build-to-suit options. The interior provides climate-controlled warehouse and office space. On-site surface parking is available for employees and visitors. The property is suitable for office, warehouse, light industrial, or showroom purposes. Located just off U.S. Highway 280, the property enjoys visibility and access to Birmingham’s main artery. U.S. 280 leads northwest toward downtown Birmingham (approximately 19 miles) and east toward Harpersville (approximately 12 miles).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6398
    Latitude
    33.3465

    Nearby Similar for Lease

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      Retail Space on Highway 280

      Retail pads and spaces for lease on US Highway 280.
      16585 Hwy 280 & Chesser Crane Road, Chelsea, AL 35043
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      Professional Flex Office Suites

      Two flex office suites available March 1, 2026.
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      Retail Space with Highway Access

      Retail space with excellent visibility and highway access.
      50 Chelsea Corners, Chelsea, AL 35043
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    FAQs

    What type of property is this?
    Flex space - New 10,000 SF flex/industrial space in Chelsea, Alabama.
    Where is this flex space located?
    The property is located at 10693 Old Highway 280 Chelsea, AL.
    What are key features of this property?
    This property features: Brand‑new construction delivering in 2025 in a rapidly growing area.; Versatile ±10,000 SF flex space suitable for office, warehouse, light industrial, or showroom use with build‑to‑suit options.; Excellent accessibility and visibility located just off U.S. Highway 280, 20 minutes from Birmingham.
    (205) 201-7300
    We can help!
    Listing Contact
    Giuliana Russo
    Giuliana Russo
    Real Estate License ID: AL #128104
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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