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 Market218
Property Features for 1135 14th Avenue South
General Information
Standard status
Active
Size
5,050 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
Five Points South
Building Details
Building Size
5,050 SF
Listing Agency:
Longleaf Realty Partners, LLC
Listed By:
Champ Stewart · License #0001462860
(205) 879-3733
Source:
Longleafrealestate
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 28 at 7:04AM
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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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$49,080
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Birmingham, AL
Similar Off Market Nearby
- Saw’s Street Kitchen Food Truck — 1150 11th Ave S, Birmingham, AL 35205
- Maya's Catering — 1001 20th St S #1005, Birmingham, AL 35205, United States
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.
