Office-Warehouse Flex
New
For Sale
$875,000
4370 1st Ave South, Birmingham, AL 35222
The building combines office and warehouse areas for a mix of commercial functions.
Property Size6,706 SF
Days on Market4
Property Features for 4370 1st Ave South
General Information
Standard status
Active
Size
6,706 SF
Property subtype
Industrial - Manufacturing
Building Details
Building Size
6,706 SF
Year Built
1950
Listing Agency:
JH Berry
Listed By:
Bill Gunn, SIOR, CCIM
Source:
Commercialcafe
Added: Oct 4
Last Checked: Oct 5 at 3:44PM
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 JH Berry
Investment Insights
Based on property information with market context.
This flex property brings office and warehouse space together in one building. Completed in 1950, it is located at 4370 1st Ave South in Birmingham, Alabama.
Key Highlights
- Office and warehouse space in one flex property
- Built in 1950
- Located at 4370 1st Ave South in Birmingham, Alabama
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,174
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,480
$1.3M
Cap Rate 7%
$931,057
$931.1K
Cap Rate 9%
$724,156
$724.2K
Market Conditions
NOI Build-Up for 6,706 SF
Gross rent
$112.7K $16.80/SF
− Vacancy
−$12.4K −$1.85/SF
EGI
$100.3K $14.95/SF
− OpEx
−$35.1K −$5.23/SF
NOI
$65.2K $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 Rate 5%
$1,303,480
Cap Rate 7%
$931,057
Cap Rate 9%
$724,156
Alternative Uses
Best Use
Flex RnD
$931.1K
$814.7K – $1.09M
NOI $65,174 @ 7.0% cap · market cap 7.45%
Second Best
Warehouse
$534.7K
$467.9K – $623.8K
NOI $37,429 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,182 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35222, AL
8,419
Population
4,383
Households
1.9
Avg Household Size
37
Median Age
64%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
2,159
Density / Sq Mi
$91,964
Median Household Income
$61,933
Median Earnings
$1,086
Median Rent
$374,600
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?
Flex space - The building combines office and warehouse areas for a mix of commercial functions.
Where is this flex space located?
The property is located at 4370 1st Ave South Birmingham, AL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Office and warehouse space in one flex property; Built in 1950; Located at 4370 1st Ave South in Birmingham, Alabama
