Industrial Property in Bessemer,
1307 & 1309 N 9th Avenue Bessemer, AL 35020
1307 & 1309 N 9th Avenue, Bessemer, AL, 35020
$750,000
For Sale
$750,000
Industrial property with a history of engine manufacturing.
Property Size5,410 SF
Price / SF$138.63
Days on Market109
Property Features for 1307 & 1309 N 9th Avenue
General Information
- Standard status
- Active
- Size
- 5,410 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1964
Listing Agency
Five Star Real Estate, LLC
(205) 936-9735
Listed by
Bob Pardue
(205) 936-9735
Source
Exitrealty
Added: Mar 30 Checked: Jul 16 at 6:24 am
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 Five Star Real Estate, LLC
Investment Insights
Based on property information with market context.
This industrial property, formerly known as Speed Engineering and currently operating as Competition Engines since its founding in 1964, is available for sale. The 5410-square-foot property has a history of producing race-related engines, as well as drag race and circle track configuration products and components. The current operations will continue until the property is sold. Located in Bessemer, Alabama, at 1307 & 1309 N 9th Avenue, the property offers potential for continued industrial use.
Key Highlights
- Established business location since 1964.
- Currently operating business.
- Formerly Speed Engineering, currently Competition Engines.
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 | $74.0k | $13.68 |
| − Vacancy | −$2.9k | −$0.53 |
| EGI | $71.1k | $13.15 |
| − OpEx | −$21.3k | −$3.94 |
| NOI | $49.8k | $9.20 |
5,410 SF · lease $13.68/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$711.2K
$622.3K – $829.8K
NOI $49,786 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,280 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Competition Engines
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Industrial property with a history of engine manufacturing.
Where is this manufacturing property located?
The property is located at 1307 & 1309 N 9th Avenue Bessemer, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Established business location since 1964.; Currently operating business.; Formerly Speed Engineering, currently Competition Engines.
