Two-Story Brick Office Flex
1120 Gadsden Highway 24-A Birmingham, AL 35235
1120 Gadsden Highway 24-A, Birmingham, AL, 35235
$1,200,000
For Sale
$1,200,000
Two-story all-brick office with dedicated industrial storage and roll-up door access near major retail amenities.
Property Size10,000 SF
Price / SF$120
Days on Market85
Property Features for 1120 Gadsden Highway 24-A
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2003
Listing Agency
Keller Williams Realty Hoover
(205) 492-2539
Listed by
Nina Martin-Powers
(205) 492-2539
Source
Exitrealty
Added: Apr 23 Checked: Jul 15 at 8:31 pm
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 Keller Williams Realty Hoover
Investment Insights
Based on property information with market context.
This two-story, all-brick office building features a metal roof and a flexible office-and-storage layout. In addition to office space, there is an approximately 2,500-square-foot industrial storage area equipped with a roll-up door for straightforward loading and access. The office component includes six bathrooms, including a full bath in the executive suite, along with two separate entryways that each include a reception area. Conference rooms are provided on both levels, and multiple offices are available on each floor.
The property is located near established retail destinations, including being less than one-half mile from Lowe’s, Starbucks, Staples, and Chipotle, and about one mile from Target and The Pinnacle shopping complex. Access to the area is supported by easy entry to I-59/I-459.
For tenants or buyers looking for a combined office and light industrial setup, the configuration supports day-to-day administrative use while maintaining a dedicated storage space with roll-up door access. The building’s two separate entry/reception areas and conference rooms on both levels can also support multiple teams or functions under one roof. Buyer to verify all facts.
The property is located near established retail destinations, including being less than one-half mile from Lowe’s, Starbucks, Staples, and Chipotle, and about one mile from Target and The Pinnacle shopping complex. Access to the area is supported by easy entry to I-59/I-459.
For tenants or buyers looking for a combined office and light industrial setup, the configuration supports day-to-day administrative use while maintaining a dedicated storage space with roll-up door access. The building’s two separate entry/reception areas and conference rooms on both levels can also support multiple teams or functions under one roof. Buyer to verify all facts.
Key Highlights
- 10,000 SF, two‑story, all‑brick office building with metal roof (built 2003).
- Includes 2,500 SF industrial storage with a roll‑up door for easy access.
- Two separate entryways, each with a reception area.
Local Financial Insights For Flex RnD
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 | $168.0k | $16.80 |
| − Vacancy | −$18.5k | −$1.85 |
| EGI | $149.5k | $14.95 |
| − OpEx | −$52.3k | −$5.23 |
| NOI | $97.2k | $9.72 |
10,000 SF · lease $16.80/SF/yr · vacancy 11.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.00M
NOI $120,105 @ 7.0% cap · market cap 10.01%
Second Best
Flex RnD
$1.39M
$1.21M – $1.62M
NOI $97,188 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,304 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vincent Construction Inc
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Firehouse Subs Trussville — 1483 Gadsden Hwy #1312, Birmingham, AL 35235
FAQs
What type of property is this?
Flex space - Two-story all-brick office with dedicated industrial storage and roll-up door access near major retail amenities.
Where is this flex space located?
The property is located at 1120 Gadsden Highway 24-A Birmingham, AL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,000 SF, two‑story, all‑brick office building with metal roof (built 2003).; Includes 2,500 SF industrial storage with a roll‑up door for easy access.; Two separate entryways, each with a reception area.
