Six-Suite Flex
2007 OLD MONTGOMERY HIGHWAY, Pelham, AL 35244
For Sale
$1,250,000
Office and warehouse areas across six suites can be used together or separately.
Property Size11,200 SF
Price / SF$111.61
Days on Market61
Property Features for 2007 OLD MONTGOMERY HIGHWAY
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
Century 21 Advantage
Listed By:
Gov Kuntz
(205) 529-1100
Source:
Rightspacecre
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 7 at 6:08PM
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 Century 21 Advantage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property in Pelham, Alabama, contains 11,200 square feet arranged as six suites, each with a mix of office and warehouse space. The suites may be combined or occupied individually. Built in 1993, the building was renovated in 2004.
The property is in Shelby County, near shopping, restaurants, hotels, banks, and a post office. Access to major roads and highways is noted, and the property has no occupational tax.
The property is in Shelby County, near shopping, restaurants, hotels, banks, and a post office. Access to major roads and highways is noted, and the property has no occupational tax.
Key Highlights
- 11,200‑square‑foot flex property
- Six suites with office and warehouse areas
- Suites can be combined or used separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,706
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,120
$1.1M
Cap Rate 7%
$810,086
$810.1K
Cap Rate 9%
$630,067
$630.1K
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$73.5K $6.56/SF
− Vacancy
−$6.8K −$0.60/SF
EGI
$66.7K $5.96/SF
− OpEx
−$10.0K −$0.89/SF
NOI
$56.7K $5.06/SF
Area
Shelby County, AL
Vacancy
9.20%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,120
Cap Rate 7%
$810,086
Cap Rate 9%
$630,067
Alternative Uses
Best Use
Warehouse
$810.1K
$708.8K – $945.1K
NOI $56,706 @ 7.0% cap · market cap 4.54%
Second Best
Flex RnD
$681.4K
$596.2K – $795.0K
NOI $47,699 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,020 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas across six suites can be used together or separately.
Where is this flex space located?
The property is located at 2007 OLD MONTGOMERY HIGHWAY Pelham, AL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 11,200‑square‑foot flex property; Six suites with office and warehouse areas; Suites can be combined or used separately
