Office Warehouse Near
For Sale
$799,000
1135 14th Avenue South, Birmingham, AL 35205
Partially occupied office warehouse for sale or lease.
Property Size5,050 SF
Price / SF$158.22
Days on Market157
Property Features for 1135 14th Avenue South
General Information
Standard status
Active
Size
5,050 SF
Class
B
Property subtype
Office
Building Details
Building Size
5,050 SF
Listing Agency:
Longleaf Realty Partners, LLC
(205) 879-3733
Listed By:
Champ Stewart · License #0001462860
Source:
Longleafrealestate
Added: Mar 26
Changed: Aug 26
Last Checked: Aug 29 at 7:28AM
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 partially occupied office warehouse is available for sale or lease. Suite 100, comprising 1,700 square feet, is currently occupied by a large media company. Suite 101 offers 3,350 square feet of space ready for occupancy. Suite 101 includes three private offices, a reception area, a full kitchen, two bathrooms, a shower, and a heated and cooled warehouse area. The property is conveniently located near UAB and I-65.
Key Highlights
- Suite 101 is move‑in ready with 3,350sf of space.
- Suite 101 features 3 private offices, reception area, full kitchen, 2 bathrooms, and a shower.
- Heated and cooled warehouse space in Suite 101.
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
$49,080
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
6.14%
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%
$981,600
$981.6K
Cap Rate 7%
$701,143
$701.1K
Cap Rate 9%
$545,333
$545.3K
Market Conditions
NOI Build-Up for 5,050 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
$84.8K $16.80/SF
− Vacancy
−$9.3K −$1.85/SF
EGI
$75.5K $14.95/SF
− OpEx
−$26.4K −$5.23/SF
NOI
$49.1K $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%
$981,600
Cap Rate 7%
$701,143
Cap Rate 9%
$545,333
Alternative Uses
Best Use
Flex RnD
$701.1K
$613.5K – $818.0K
NOI $49,080 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$331.6K
$290.2K – $386.9K
NOI $23,212 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,974 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35205, AL
20,137
Population
11,908
Households
1.7
Avg Household Size
30
Median Age
56%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
5,442
Density / Sq Mi
$49,194
Median Household Income
$35,230
Median Earnings
$1,005
Median Rent
$292,000
Median Home Value
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Partially occupied office warehouse for sale or lease.
Where is this flex space located?
The property is located at 1135 14th Avenue South Birmingham, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Suite 101 is move‑in ready with 3,350sf of space.; Suite 101 features 3 private offices, reception area, full kitchen, 2 bathrooms, and a shower.; Heated and cooled warehouse space in Suite 101.
