Birmingham Industrial Flex
2112 3rd Ave S, Birmingham, AL 35233
For Sale
Contact for pricing
5,886 SF industrial property in Birmingham, Alabama for sale.
Property Size5,886 SF
Price / SF$169.89
Days on Market742
Property Features for 2112 3rd Ave S
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Stories
Listing Agency:
ACRE Real Estate Partners
Listed By:
Walter Kelley · License #93949
Source:
Crexi
Added: Oct 29, 2024
Changed: Nov 4
Last Checked: Nov 8 at 6:04AM
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 ACRE Real Estate Partners
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 5,886 SF property, constructed in 1910, is located in the Birmingham area. Zoned M1, this industrial site offers flexible usage. The location provides access to transportation routes, enhancing operational efficiency for industrial, warehouse, and distribution endeavors. This property presents an opportunity for investors in a growing district.
Key Highlights
- 5,886 SF building in the thriving Birmingham area.
- Zoned M1 for flexible usage (Industrial, Warehouse, and Distribution).
- Strategic location with easy access to key transportation routes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,205
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,100
$1.1M
Cap Rate 7%
$817,214
$817.2K
Cap Rate 9%
$635,611
$635.6K
Market Conditions
NOI Build-Up for 5,886 SF
Gross rent
$98.9K $16.80/SF
− Vacancy
−$10.9K −$1.85/SF
EGI
$88.0K $14.95/SF
− OpEx
−$30.8K −$5.23/SF
NOI
$57.2K $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%
$1,144,100
Cap Rate 7%
$817,214
Cap Rate 9%
$635,611
Alternative Uses
Best Use
Flex RnD
$817.2K
$715.1K – $953.4K
NOI $57,205 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$386.5K
$338.2K – $450.9K
NOI $27,055 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,709 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35233, AL
2,588
Population
2,710
Households
1
Avg Household Size
27
Median Age
90%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
1,725
Density / Sq Mi
$52,207
Median Household Income
$48,750
Median Earnings
$1,526
Median Rent
$332,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Birmingham, AL
Properties on Market for Flex space in Birmingham
Vacancy Rate% for Industrial in Birmingham, AL
Similar Off Market Nearby
- Good To Go Catering — 7855 Crestwood Blvd, Irondale, AL 35210, United States
Frequently Asked Questions
What type of property is this?
Flex space - 5,886 SF industrial property in Birmingham, Alabama for sale.
Where is this flex space located?
The property is located at 2112 3rd Ave S Birmingham, AL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,886 SF building in the thriving Birmingham area.; Zoned M1 for flexible usage (Industrial, Warehouse, and Distribution).; Strategic location with easy access to key transportation routes.
