Flex Building with Warehouse
New
For Sale
$1,600,000
4219 Mountain Top Road, Birmingham, AL 35242
Steel-frame facility combining private offices, shop space, drive-in access, and paved vehicle parking on an unzoned site.
Property Size6,000 SF
Lot Size7.64 Acres
Price / SF$265.52
Days on Market2
Property Features for 4219 Mountain Top Road
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
10
Lot size
7.64 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
3,818 SF
Office Build-Out
2,208 SF
Drive-In Doors
2
Building Details
Building Size
6,000 SF
Year Built
2021
Buildings
1
Construction
steel frame
Listed By:
Keith Ponder
(205) 930-1787
Source:
Redrockrg
Added: Sep 22
Last Checked: Sep 22 at 1:42PM
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 Keith Ponder
Investment Insights
Based on property information with market context.
This 6,026-square-foot flex facility, completed in 2021, combines 2,208 square feet of office area with 3,818 square feet of warehouse space. The office buildout includes a reception area, five private offices, a conference room, break room, and two restrooms. Warehouse improvements include 22- to 24-foot eave heights, two drive-in overhead doors, an open storage mezzanine, finished concrete floors, through-wall ventilation fans, and LED lighting.
The property encompasses 7.64 acres, including a 1.75-acre primary site and 5.88 acres of residual land. It offers 505 feet of Highway 280 frontage in unzoned, unincorporated Shelby County. Exterior improvements include a concrete-paved drive, a 10-space vehicle parking area, and an 8-inch reinforced concrete retaining wall. Construction consists of a rigid steel frame, pitched metal-clad roof, and concrete slab foundation.
The property encompasses 7.64 acres, including a 1.75-acre primary site and 5.88 acres of residual land. It offers 505 feet of Highway 280 frontage in unzoned, unincorporated Shelby County. Exterior improvements include a concrete-paved drive, a 10-space vehicle parking area, and an 8-inch reinforced concrete retaining wall. Construction consists of a rigid steel frame, pitched metal-clad roof, and concrete slab foundation.
Key Highlights
- 6,026 SF flex facility built in 2021
- 2,208 SF office and 3,818 SF warehouse configuration
- Warehouse includes 22' to 24' eave heights and two drive‑in overhead doors
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
$58,565
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
3.66%
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%
$1,171,300
$1.2M
Cap Rate 7%
$836,643
$836.6K
Cap Rate 9%
$650,722
$650.7K
Market Conditions
NOI Build-Up for 6,026 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
$101.2K $16.80/SF
− Vacancy
−$11.1K −$1.85/SF
EGI
$90.1K $14.95/SF
− OpEx
−$31.5K −$5.23/SF
NOI
$58.6K $9.72/SF
Area
Birmingham, AL
Vacancy
11.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,171,300
Cap Rate 7%
$836,643
Cap Rate 9%
$650,722
Alternative Uses
Best Use
Flex RnD
$836.6K
$732.1K – $976.1K
NOI $58,565 @ 7.0% cap · market cap 3.66%
Second Best
Warehouse
$480.5K
$420.4K – $560.6K
NOI $33,634 @ 7.0% cap · market cap 2.10%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,010 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Flex space - Steel-frame facility combining private offices, shop space, drive-in access, and paved vehicle parking on an unzoned site.
Where is this flex space located?
The property is located at 4219 Mountain Top Road Birmingham, AL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6,026 SF flex facility built in 2021; 2,208 SF office and 3,818 SF warehouse configuration; Warehouse includes 22' to 24' eave heights and two drive‑in overhead doors
