Refrigerated Warehouse with Processing
For Sale
$385,000
1301 Pinson Street, Birmingham, AL 35217
Food-processing facility with cold-storage equipment, grade-level loading, secured yard, and three-phase power.
Property Size3,564 SF
Price / SF$110
Days on Market68
Property Features for 1301 Pinson Street
General Information
Standard status
Active
Size
3,564 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Office Build-Out
1,400 SF
Drive-In Doors
2
Three-Phase Power
Yes
Cold Storage
Yes
Refrigeration
refrigeration system
Building Details
Building Size
3,564 SF
Listing Agency:
Red Rock Realty Group
(205) 918-0335
Listed By:
Billy Hiden, CCIM · License #AL000107291
Source:
Redrockrg
Added: Jun 25
Changed: Aug 31
Last Checked: Aug 31 at 12:55AM
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 Red Rock Realty Group
Investment Insights
Based on property information with market context.
The property is a +/-3,500-square-foot refrigerated warehouse formerly used for seafood processing. It includes a +/-1,400 SF office and showroom, along with infrastructure supporting refrigerated operations, including a refrigeration system, ice maker, freezer, and air curtains.
Two grade-level roll-up doors provide loading access. The site also includes a fenced yard with an automatic gate and three-phase power. The existing configuration offers dedicated office, showroom, warehouse, and processing-related components within one industrial facility.
Two grade-level roll-up doors provide loading access. The site also includes a fenced yard with an automatic gate and three-phase power. The existing configuration offers dedicated office, showroom, warehouse, and processing-related components within one industrial facility.
Key Highlights
- Refrigerated warehouse totaling +/-3,500 square feet
- Includes +/-1,400 SF office and showroom
- Refrigeration system, ice maker, freezer, and air curtains included
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
$19,535
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
5.07%
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%
$390,700
$390.7K
Cap Rate 7%
$279,071
$279.1K
Cap Rate 9%
$217,056
$217.1K
Market Conditions
NOI Build-Up for 3,500 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
$25.2K $7.20/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$23.0K $6.57/SF
− OpEx
−$3.4K −$0.98/SF
NOI
$19.5K $5.58/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /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%
$390,700
Cap Rate 7%
$279,071
Cap Rate 9%
$217,056
Alternative Uses
Best Use
Warehouse
$279.1K
$244.2K – $325.6K
NOI $19,535 @ 7.0% cap · market cap 5.07%
Second Best
Industrial
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$821.5K
$718.8K – $958.4K
NOI $57,506 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Food-processing facility with cold-storage equipment, grade-level loading, secured yard, and three-phase power.
Where is this refrigerated & cold storage located?
The property is located at 1301 Pinson Street Birmingham, AL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Refrigerated warehouse totaling +/-3,500 square feet; Includes +/-1,400 SF office and showroom; Refrigeration system, ice maker, freezer, and air curtains included
