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    Birmingham Industrial Flex Space Title is generated by Realmo AI

    2112 3rd Ave S, Birmingham, AL 35233

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    5,886 SF industrial property in Birmingham, Alabama for sale.

    Type:Industrial, Mixed Use
    Property size:
    5,886 SF
    Price / SF:
    $169/SF
    Added:
    Oct 29, 2024
    Days on Market:
    600
    Last Refresh:
    May 12 at 8:35 pm

    Property Features for 2112 3rd Ave S

    General Information

    Standard status
    Active
    Size
    5,886 SF
    Property subtype
    Industrial, Mixed Use

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Walter Kelley
    Walter Kelley

    Listing agent Walter Kelley License #AL 93949

    Listing office ACRE Real Estate Partners

    Listing date Oct 29, 2024

    Source Crexi

    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

    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.
    • Rich history dating back to 1910.
    • Rare opportunity to secure a coveted property.
    • Located in one of Birmingham's most dynamic and growing districts.

    Overview

    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.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $98.9k $16.80
    − Vacancy −$10.9k −$1.85
    EGI $88.0k $14.95
    − OpEx −$30.8k −$5.23
    NOI $57.2k $9.72
    5,886 SF · lease $16.80/SF/yr · vacancy 11.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $817.2K
    $715.1K – $953.4K (±1% cap)
    NOI $57,205 @ 7.0% cap · market cap 5.72%
    Second Best
    Warehouse
    $469.3K
    $410.7K – $547.5K (±1% cap)
    NOI $32,852 @ 7.0% cap · market cap 3.29%
    Theoretical Best
    Office A
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,709 @ 7.0% cap · market cap 9.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial Products Inc Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Saw’s Street Kitchen Food Truck — 1150 11th Ave S, Birmingham, AL 35205
    • Bayou Bros Food Truck & Catering — 113 12th St N, Birmingham, AL 35203
    • Crestline Catering Co. — 1500 1st Ave N, Birmingham, AL 35203
    • Seek First — 1720 University Blvd, Birmingham, AL 35233
    • Big Al's — 1720 University Blvd, Birmingham, AL 35233

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7045
    Latitude
    33.537512

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    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Walter Kelley
    Walter Kelley
    Real Estate License ID: AL 93949
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