Flex Warehouse with Office and
2172 Pelham Parkway, Pelham, AL 35124
For Sale
Contact for pricing
Multi-use flex building with office, retail, and warehouse space, plus ample parking and signal-controlled access.
Property Size7,785 SF
Lot Size0.62 Acres
Price / SF$102.12
Days on Market146
Property Features for 2172 Pelham Parkway
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Traffic Count
Highway Access
Building Details
Year Built
Year Renovated
Units
Tenancy
Listing Agency:
Mark Dinan Commercial & Investment Real Estate
Listed By:
Mark Dinan · License #AL 000044694
(205) 980-3434
Source:
Crexi
Added: Jun 17
Changed: Oct 26
Last Checked: Nov 8 at 6:44AM
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 Mark Dinan Commercial & Investment Real Estate
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Investment Insights
Based on property information with market context.
This 7,785+/- SF flex building sits on a 0.62+/- acre lot and combines office, retail, and warehouse areas in one property. Constructed in 1960 and renovated circa 2000, the building also features a new roof installed in 2024. Monument signage is included, supporting branding for retail or service-oriented operations, and on-site parking is available for 24 vehicles.
The property has frontage on Pelham Parkway and is located across the highway from a Walmart Super Center. Access is described as easy via a full traffic signal, providing convenient entry and exit for daily customers, deliveries, and staff. The remarks also cite high traffic counts of 32,000+ cars per day, with major activity generators nearby, which can be relevant for businesses that rely on pass-by visibility.
With a mix of front-facing and storage-oriented space, the building is positioned for an owner-user or investor looking for flexibility. The current configuration is described as ideal for retail, office with storage, and potential expansion, depending on an operator’s layout and use requirements. The seller indicates property taxes of $3,187 per year and that they may consider holding a mortgage.
The property has frontage on Pelham Parkway and is located across the highway from a Walmart Super Center. Access is described as easy via a full traffic signal, providing convenient entry and exit for daily customers, deliveries, and staff. The remarks also cite high traffic counts of 32,000+ cars per day, with major activity generators nearby, which can be relevant for businesses that rely on pass-by visibility.
With a mix of front-facing and storage-oriented space, the building is positioned for an owner-user or investor looking for flexibility. The current configuration is described as ideal for retail, office with storage, and potential expansion, depending on an operator’s layout and use requirements. The seller indicates property taxes of $3,187 per year and that they may consider holding a mortgage.
Key Highlights
- 7,785 +/- SF multi‑use building on a 0.62 +/- acre lot (constructed in 1960)
- Building includes office, retail, and warehouse space
- 24 parking spaces plus easy access via a full traffic signal and access to I‑65
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,416
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,320
$788.3K
Cap Rate 7%
$563,086
$563.1K
Cap Rate 9%
$437,956
$438.0K
Market Conditions
NOI Build-Up for 7,785 SF
Gross rent
$51.1K $6.56/SF
− Vacancy
−$4.7K −$0.60/SF
EGI
$46.4K $5.96/SF
− OpEx
−$7.0K −$0.89/SF
NOI
$39.4K $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%
$788,320
Cap Rate 7%
$563,086
Cap Rate 9%
$437,956
Alternative Uses
Best Use
Warehouse
$563.1K
$492.7K – $656.9K
NOI $39,416 @ 7.0% cap · market cap 4.96%
Second Best
Flex RnD
$473.6K
$414.4K – $552.6K
NOI $33,155 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,911 @ 7.0% cap · market cap 16.09%
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
Lease Details
32,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35124, AL
25,667
Population
10,207
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
603
Density / Sq Mi
$91,513
Median Household Income
$50,970
Median Earnings
$1,575
Median Rent
$282,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use flex building with office, retail, and warehouse space, plus ample parking and signal-controlled access.
Where is this flex space located?
The property is located at 2172 Pelham Parkway Pelham, AL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 7,785 +/- SF multi‑use building on a 0.62 +/- acre lot (constructed in 1960); Building includes office, retail, and warehouse space; 24 parking spaces plus easy access via a full traffic signal and access to I‑65
