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    FleetPride Facility For Sale Title is generated by Realmo AI

    2424 18th St N, Birmingham, AL 35204

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    Well-located FleetPride facility with long-term lease and annual increases.

    Type:Industrial
    Property size:
    12,500 SF
    Lot size:
    1.84 Acres
    Price / SF:
    $100/SF
    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

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    Hutt Cooke
    Hutt Cooke

    Listing office Matthews

    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

    The property features approximately 12,500 square feet of building space, which is fully HVAC-equipped. It is situated on an approximately 1.84-acre paved lot, designed to maximize functionality and efficiency. The site benefits from its direct adjacency to I-65, offering excellent connectivity and visibility. The tenant, FleetPride, has a 20+ year operating history at this location and has a long-term lease in place that includes annual increases and Fair Market Value (FMV) options. FleetPride operates at over 450 locations nationwide after its merger with TruckPro in October 2025.

    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
    12,500 SF · lease $7.20/SF/yr · vacancy 8.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $996.7K
    $872.1K – $1.16M (±1% cap)
    NOI $69,768 @ 7.0% cap · market cap 5.55%
    Second Best
    Industrial
    $820.8K
    $718.2K – $957.6K (±1% cap)
    NOI $57,456 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Office A
    $2.93M
    $2.57M – $3.42M (±1% cap)
    NOI $205,380 @ 7.0% cap · market cap 16.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    TruckPro Auto Parts Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.814064
    Latitude
    33.537818

    FAQs

    What type of property is this?
    Truck terminal - Well-located FleetPride facility with long-term lease and annual increases.
    Where is this truck terminal located?
    The property is located at 2424 18th St N Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,257,000.
    What are key features of this property?
    This property features: 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.
    (615) 667-0097 Call to check price and availability
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