Renovated Warehouse with Fenced
For Sale
Contact for pricing
121 Metrock Circle, Helena, AL 35080
Industrial property combines renovated warehouse space with a fenced outdoor storage yard.
Property Size15,600 SF
Lot Size2.46 Acres
Price / SF$106.77
Days on Market8
Property Features for 121 Metrock Circle
General Information
Standard status
Active
Size
15,600 SF
Lot size
2.46 Acres
Property subtype
Industrial, Land
Zoning
M1 Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16.5 ft
Dock-High Doors
1
Drive-In Doors
4
Building Details
Year Built
1970
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Building Size
15,600 SF
Listing Agency:
Northmarq
Listed By:
Ani Paulson · License #108539
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 18 at 4:59AM
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 Northmarq
Investment Insights
Based on property information with market context.
This warehouse property at 121 Metrock Circle includes a fenced industrial outdoor storage site and renovated building improvements. Work completed includes roof upgrades, exterior painting, LED lighting, and an additional drive-in door. The facility has one loading dock, four drive-in doors, and 16.5-foot clear height. The building was constructed in 1970 and the property is zoned M1 Light Industrial.
The 2.46-acre site is located in Helena in south Shelby County, near Helena Road and close to Highway 31, Interstate 65, and downtown Birmingham. The property is suited to industrial operations requiring both enclosed warehouse space and secured outdoor storage.
The 2.46-acre site is located in Helena in south Shelby County, near Helena Road and close to Highway 31, Interstate 65, and downtown Birmingham. The property is suited to industrial operations requiring both enclosed warehouse space and secured outdoor storage.
Key Highlights
- 2.46‑acre industrial property with a fenced IOS site
- One loading dock and four drive‑in doors
- 16.5‑foot clear height
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
$77,768
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
4.74%
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%
$1,555,360
$1.6M
Cap Rate 7%
$1,110,971
$1.1M
Cap Rate 9%
$864,089
$864.1K
Market Conditions
NOI Build-Up for 15,360 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
$100.8K $6.56/SF
− Vacancy
−$9.3K −$0.60/SF
EGI
$91.5K $5.96/SF
− OpEx
−$13.7K −$0.89/SF
NOI
$77.8K $5.06/SF
Area
Shelby County, AL
Vacancy
9.20%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
15.00%
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%
$1,555,360
Cap Rate 7%
$1,110,971
Cap Rate 9%
$864,089
Alternative Uses
Best Use
Warehouse
$1.11M
$972.1K – $1.30M
NOI $77,768 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.15M – $4.21M
NOI $252,371 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
4
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35080, AL
19,692
Population
7,081
Households
2.8
Avg Household Size
36
Median Age
48%
College-Educated
97%
High-School Grad
46.1 sq mi
ZIP Area
427
Density / Sq Mi
$111,871
Median Household Income
$59,601
Median Earnings
$1,611
Median Rent
$278,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Crown Storage — 4097 Helena Rd SUITE 101, Helena, AL 35080
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property combines renovated warehouse space with a fenced outdoor storage yard.
Where is this warehouse located?
The property is located at 121 Metrock Circle Helena, AL.
What is the asking price?
The asking price for this property is $1,640,000.
What are key features of this property?
This property features: 2.46‑acre industrial property with a fenced IOS site; One loading dock and four drive‑in doors; 16.5‑foot clear height
