Updated Flex Space with
For Sale
$230,000
1125 Bethel Avenue, 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 Market72
Property Features for 1125 Bethel Avenue
General Information
Standard status
Active
Size
2,124 SF
Lot size
0.11 Acres
Property subtype
Industrial
Zoning
B-2
Warehouse & Industrial
Warehouse Space
1,319 SF
Office Build-Out
805 SF
Building Details
Building Size
2,124 SF
Buildings
1
Listing Agency:
Longleaf Realty Partners, LLC
Listed By:
Champ Stewart · License #0001462860
(205) 879-3733
Source:
Longleafrealestate
Added: Aug 10
Changed: Oct 1
Last Checked: Oct 19 at 5:18AM
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
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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 / Yr
$20,643
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Birmingham, AL
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 Avenue 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
