2424 18th St N, Birmingham, AL 35204
Well-located FleetPride facility with long-term lease and annual increases.
- Added:
- Mar 6, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 16 at 3:11 pm
Property Features for 2424 18th St N
General Information
- Standard status
- Active
- Size
- 12,500 SF
- Lot size
- 1.84 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing office Matthews (615) 667-0097
Listing date Mar 6, 2026
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 Matthews
HighLights
- Long‑term lease in place with annual increases and FMV options provides stable and increasing income.
- Benefit from ±12,500 SF of building space with 100% HVAC offering a comfortable and functional environment.
- Excellent connectivity and visibility due to direct adjacency to I‑65.
- ±1.84 AC paved lot maximizes functionality and efficiency.
- Tenant has a 20+ year operating history at the facility, indicating a successful location.
- Located within FleetPride's network of over ±450 locations nationwide after its merger with TruckPro in October 2025.
Overview
Local Financial Insights For Warehouse
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 | $90.0k | $7.20 |
| − Vacancy | −$7.9k | −$0.63 |
| EGI | $82.1k | $6.57 |
| − OpEx | −$12.3k | −$0.98 |
| NOI | $69.8k | $5.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.814064
- Latitude
- 33.537818