Updated Flex Space with
New
For Sale
Contact for pricing
1125 Bethel Ave, Birmingham, AL 35217
Flexible commercial facility combining refreshed office areas with functional warehouse space and B-2 zoning.
Property Size2,124 SF
Lot Size0.11 Acres
Price / SF$108.29
Days on Market6
Property Features for 1125 Bethel Ave
General Information
Standard status
Active
Size
2,124 SF
Lot size
0.11 Acres
Property subtype
Office, Industrial
Zoning
B-2
Warehouse & Industrial
Warehouse Space
1,319 SF
Office Build-Out
805 SF
Building Details
Year Renovated
2026
Buildings
1
Building Size
2,124 SF
Listing Agency:
Longleaf Realty Partners, LLC
(205) 879-3733
Listed By:
Champ Stewart · License #AL 000146286-0
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 5:33AM
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 Longleaf Realty Partners, LLC
Investment Insights
Based on property information with market context.
This flex-space property contains 2,124 SF divided between 805 SF of office area and 1,319 SF of warehouse area. Recent improvements include new AC, paint, electrical work, roofing, windows, and lighting. The building also provides two bathrooms and an 8' x 10' roll-up door for warehouse access. The property sits on 0.11 acres and carries B-2 zoning, supporting its commercial-use profile.
Key Highlights
- 2,124 SF total building area
- 805 SF of office space and 1,319 SF of warehouse space
- New AC, paint, electrical, roof, windows, and lighting
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
$20,643
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
8.98%
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%
$412,860
$412.9K
Cap Rate 7%
$294,900
$294.9K
Cap Rate 9%
$229,367
$229.4K
Market Conditions
NOI Build-Up for 2,124 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
$35.7K $16.80/SF
− Vacancy
−$3.9K −$1.85/SF
EGI
$31.8K $14.95/SF
− OpEx
−$11.1K −$5.23/SF
NOI
$20.6K $9.72/SF
Area
Birmingham, AL
Vacancy
11.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$412,860
Cap Rate 7%
$294,900
Cap Rate 9%
$229,367
Alternative Uses
Best Use
Office B
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 11.09%
Second Best
Flex RnD
$294.9K
$258.0K – $344.1K
NOI $20,643 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$498.5K
$436.2K – $581.6K
NOI $34,898 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35217, AL
12,891
Population
6,196
Households
2.1
Avg Household Size
39
Median Age
11%
College-Educated
78%
High-School Grad
17.7 sq mi
ZIP Area
728
Density / Sq Mi
$38,769
Median Household Income
$31,210
Median Earnings
$835
Median Rent
$113,800
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial facility combining refreshed office areas with functional warehouse space and B-2 zoning.
Where is this flex space located?
The property is located at 1125 Bethel Ave Birmingham, AL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 2,124 SF total building area; 805 SF of office space and 1,319 SF of warehouse space; New AC, paint, electrical, roof, windows, and lighting
