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 Market113
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
Listed By:
Billy Hiden, CCIM · License #AL000107291
(205) 918-0335
Source:
Redrockrg
Added: Jun 25
Changed: Oct 1
Last Checked: Oct 14 at 8:46PM
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
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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 / Yr
$19,535
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Birmingham, AL
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
