Refrigerated Cold Storage
For Sale
$2,250,000
1421 Robinwood Circle, Birmingham, AL 35217
Temperature-controlled property with freezer, cooler, dry storage, offices, dock access, and heavy power.
Property Size23,598 SF
Days on Market22
Property Features for 1421 Robinwood Circle
General Information
Standard status
Active
Size
23,598 SF
Property subtype
Industrial
Building Details
Building Size
23,598 SF
Year Built
1981
Listing Agency:
Red Rock Realty Group
(813) 309-2875
Listed By:
Trish Rushing, CCIM · License #AL104714
(813) 309-2875
Source:
Thebrokerlist
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 29 at 2:42PM
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 Red Rock Realty Group
Investment Insights
Based on property information with market context.
This 23,598-square-foot refrigerated and cold storage facility supports food distribution, processing, and other temperature-sensitive operations. The building includes freezer, cooler, and dry storage areas with racking already installed, along with refrigeration systems designed to maintain conditions from SubZero to 34 degrees. An ample office component supports administrative functions, while heavy power serves the property’s operational requirements.
The facility is located at 1421 Robinwood Circle in Birmingham, Alabama, within Robinwood Industrial Park and just off Pinson Valley Pkwy. Access to major highways and Birmingham-Shuttlesworth International Airport supports regional transportation and distribution activity. Built in 1981, the property includes 5 to 9 dock doors for loading and receiving operations.
The facility is located at 1421 Robinwood Circle in Birmingham, Alabama, within Robinwood Industrial Park and just off Pinson Valley Pkwy. Access to major highways and Birmingham-Shuttlesworth International Airport supports regional transportation and distribution activity. Built in 1981, the property includes 5 to 9 dock doors for loading and receiving operations.
Key Highlights
- 23,598‑square‑foot refrigerated and cold storage facility
- Freezer, cooler, and dry storage areas with racking system installed
- Temperature range from SubZero to 34 degrees
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
$131,711
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
5.85%
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%
$2,634,220
$2.6M
Cap Rate 7%
$1,881,586
$1.9M
Cap Rate 9%
$1,463,456
$1.5M
Market Conditions
NOI Build-Up for 23,598 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
$169.9K $7.20/SF
− Vacancy
−$15.0K −$0.63/SF
EGI
$155.0K $6.57/SF
− OpEx
−$23.2K −$0.98/SF
NOI
$131.7K $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%
$2,634,220
Cap Rate 7%
$1,881,586
Cap Rate 9%
$1,463,456
Alternative Uses
Best Use
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,711 @ 7.0% cap · market cap 5.85%
Second Best
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,468 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$5.54M
$4.85M – $6.46M
NOI $387,725 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
89
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 - Temperature-controlled property with freezer, cooler, dry storage, offices, dock access, and heavy power.
Where is this refrigerated & cold storage located?
The property is located at 1421 Robinwood Circle Birmingham, AL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 23,598‑square‑foot refrigerated and cold storage facility; Freezer, cooler, and dry storage areas with racking system installed; Temperature range from SubZero to 34 degrees
