Auto Shop with Paint
2317 AVENUE D, Birmingham, AL 35218
For Sale
$449,900
The facility includes multiple service bays, frame machines, and a sprinkler-protected paint area.
Property Size8,224 SF
Price / SF$54.71
Days on Market194
Property Features for 2317 AVENUE D
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Outdoor Storage
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Sprinkler System
Amenities
paint shop
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Sweet HOMElife Real Estate
Listed By:
Regenia Lenoir · License #82443
(205) 612-4018
Source:
Rightspacecre
Added: Apr 30
Changed: Nov 7
Last Checked: Nov 8 at 6:36PM
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 Sweet HOMElife Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1966, this auto shop contains 12 bays, two frame machines, and a paint shop equipped with a sprinkler system. A large lot provides space for vehicle storage, and customer parking is available on site.
Key Highlights
- 12 service bays
- Two frame machines
- Paint shop with a sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,801
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,020
$756.0K
Cap Rate 7%
$540,014
$540.0K
Cap Rate 9%
$420,011
$420.0K
Market Conditions
NOI Build-Up for 8,224 SF
Gross rent
$59.2K $7.20/SF
− Vacancy
−$5.2K −$0.63/SF
EGI
$54.0K $6.57/SF
− OpEx
−$16.2K −$1.97/SF
NOI
$37.8K $4.60/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,020
Cap Rate 7%
$540,014
Cap Rate 9%
$420,011
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,376 @ 7.0% cap · market cap 17.87%
Second Best
Industrial
$540.0K
$472.5K – $630.0K
NOI $37,801 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,124 @ 7.0% cap · market cap 30.03%
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
12
Service bays
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Dining 1%
Dollar Tree
Shops & Services
10,184 visits/mo
0.4 miles
Dollar General
Shops & Services
8,029 visits/mo
0.5 miles
Regions Bank
Shops & Services
1,140 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
204 visits/mo
0.1 miles
Demographics for 35218, AL
6,521
Population
3,274
Households
2
Avg Household Size
42
Median Age
9%
College-Educated
82%
High-School Grad
2.6 sq mi
ZIP Area
2,508
Density / Sq Mi
$30,966
Median Household Income
$22,331
Median Earnings
$897
Median Rent
$79,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Birmingham, AL
Similar Off Market Nearby
- Thomas Tire Shop — 3521 Avenue E, Birmingham, AL 35218
- Shorty Tire Shop — 3618 Richard M Scrushy Pkwy, Fairfield, AL 35064
- J and B Passenger Service LLC — 3112 avenue f, birmingham, al 35218
- C and K Automotive LLC — 2920 Avenue E, Birmingham, AL 35218
- Reggie Auto Service — 2900 Avenue E, Birmingham, AL 35218
Frequently Asked Questions
What type of property is this?
Auto shop - The facility includes multiple service bays, frame machines, and a sprinkler-protected paint area.
Where is this auto shop located?
The property is located at 2317 AVENUE D Birmingham, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 12 service bays; Two frame machines; Paint shop with a sprinkler system
