Mixed-Use Property with Cold
1920 OLD SPRINGVILLE ROAD, Center Point, AL 35215
For Sale
$1,200,000
A two-story brick building pairs office and program areas with a separate refrigerated warehouse.
Property Size5,548 SF
Price / SF$216.29
Days on Market43
Property Features for 1920 OLD SPRINGVILLE ROAD
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Dominion Property Services, In
Listed By:
Janice Smith · License #88871-1
(205) 585-7796
Source:
Rightspacecre
Added: Sep 26
Changed: Nov 7
Last Checked: Nov 7 at 4:15PM
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 Dominion Property Services, In
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 5,548-square-foot, two-story brick main building completed in 1990. Its interior provides office, meeting, program, and resource areas. A separate climate-controlled warehouse contains refrigerated storage and freezers, supporting food and supply distribution.
The property is located at 1920 Old Springville Road in Center Point, Alabama.
The property is located at 1920 Old Springville Road in Center Point, Alabama.
Key Highlights
- 5,548‑square‑foot main building constructed in 1990
- Two‑story brick building with office, meeting, program, and resource areas
- Separate climate‑controlled warehouse with refrigerated storage and freezers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,996
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,920
$1.2M
Cap Rate 7%
$885,657
$885.7K
Cap Rate 9%
$688,844
$688.8K
Market Conditions
NOI Build-Up for 5,548 SF
Gross rent
$75.9K $13.68/SF
− Vacancy
−$3.0K −$0.53/SF
EGI
$72.9K $13.15/SF
− OpEx
−$10.9K −$1.97/SF
NOI
$62.0K $11.17/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,920
Cap Rate 7%
$885,657
Cap Rate 9%
$688,844
Alternative Uses
Best Use
Warehouse
$885.7K
$775.0K – $1.03M
NOI $61,996 @ 7.0% cap · market cap 5.17%
Second Best
Mixed Use
$293.9K
$257.2K – $342.9K
NOI $20,575 @ 7.0% cap · market cap 1.71%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,604 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
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Business Placement
Demographics for 35215, AL
46,772
Population
19,718
Households
2.4
Avg Household Size
34
Median Age
18%
College-Educated
88%
High-School Grad
28.3 sq mi
ZIP Area
1,653
Density / Sq Mi
$51,854
Median Household Income
$32,323
Median Earnings
$1,080
Median Rent
$146,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-story brick building pairs office and program areas with a separate refrigerated warehouse.
Where is this mixed-use property located?
The property is located at 1920 OLD SPRINGVILLE ROAD Center Point, AL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,548‑square‑foot main building constructed in 1990; Two‑story brick building with office, meeting, program, and resource areas; Separate climate‑controlled warehouse with refrigerated storage and freezers
