Bessemer Flex Industrial
2550 Five Star Pkwy Bessemer, AL 35022
2550 Five Star Pkwy, Bessemer, AL, 35022
$2,250,000
For Sale
$2,250,000
High-performing flex industrial asset in a well-located setting.
Property Size21,840 SF
Lot Size2.05 Acres
Price / SF$103.02
Days on Market139
Property Features for 2550 Five Star Pkwy
General Information
- Standard status
- Active
- Size
- 21,840 SF
- Lot size
- 2.05 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2008
Listing agency
J.H. Berry & Gilbert, Inc.
(205) 999-0923
Listed by
Sonny Potter
Source
Jhberry
Added: Mar 5 Updated: Jul 10 at 3:47PM Checked: Jul 17 at 4:10AM
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 J.H. Berry & Gilbert, Inc.
Investment Insights
Based on property information with market context.
Located on Five Star Parkway off Powder Plant Road with convenient access to I-20 and I-59, 2550 Fivestar Parkway presents an opportunity to acquire a flex industrial asset in Bessemer, Alabama. Constructed in 2008, the building has a total size of approximately 21,840 square feet and is situated on approximately 2.05 acres. The property features 11 suites, with ten suites offering 1,950 square feet each and one suite providing 2,340 square feet. Each suite includes between 595 and 975 square feet of office space. The warehouse area has a clear height of 22 feet, and each suite is equipped with one 18-foot grade door. The property is currently 91% occupied and has a 2.3 year weighted average lease term.
Key Highlights
- High‑performing small bay flex industrial asset offering stable cash flow and long‑term growth potential.
- Convenient location with easy access to I‑20 and I‑59.
- 91% occupied with a 2.3 Year WALT (Weighted Average Lease Term).
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.8k | $13.68 |
| − Vacancy | −$11.7k | −$0.53 |
| EGI | $287.1k | $13.15 |
| − OpEx | −$86.1k | −$3.94 |
| NOI | $201.0k | $9.20 |
21,840 SF · lease $13.68/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.49M
$3.05M – $4.07M
NOI $244,051 @ 7.0% cap · market cap 10.85%
Second Best
Industrial
$2.87M
$2.51M – $3.35M
NOI $200,983 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$7.51M
$6.57M – $8.77M
NOI $525,938 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KS Heating & Air
Hardware & Home Improvement
Valley Creek Land ...
Real Estate Agency
Falcon Logistics Inc
Logistics Company
Valley Creek Land ...
Forestry Service
DtfWrks.com
Textile Manufacturer
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FAQs
What type of property is this?
Flex space - High-performing flex industrial asset in a well-located setting.
Where is this flex space located?
The property is located at 2550 Five Star Pkwy Bessemer, AL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: High‑performing small bay flex industrial asset offering stable cash flow and long‑term growth potential.; Convenient location with easy access to I‑20 and I‑59.; 91% occupied with a 2.3 Year WALT (Weighted Average Lease Term).
