Industrial Office
New
For Sale
$1,700,000
2821 5th Avenue South, Birmingham, AL 35233
Office, meeting, and warehouse areas support a mix of industrial and showroom functions.
Property Size12,000 SF
Price / SF$141.67
Days on Market4
Property Features for 2821 5th Avenue South
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial - Showroom - Industrial
Warehouse & Industrial
Warehouse Space
5,320 SF
Drive-In Doors
1
Amenities
conference room
Building Details
Building Size
12,000 SF
Listing Agency:
Shannon Waltchack
Listed By:
Alec Hersh · License #140488
(205) 209-9701
Source:
Commercialcafe
Added: Oct 4
Last Checked: Oct 5 at 3:47PM
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 Shannon Waltchack
Investment Insights
Based on property information with market context.
This 12,000-square-foot industrial office showroom includes eight offices, a conference room, and two bathrooms. Approximately 5,320 square feet is dedicated to warehouse space, with a 10’ x 12’ grade-level roll-up door serving that area. The property is described as well-maintained.
The building is in Birmingham’s Southside neighborhood, within walking distance of Pepper Place and Lakeview.
The building is in Birmingham’s Southside neighborhood, within walking distance of Pepper Place and Lakeview.
Key Highlights
- 12,000 SF industrial office showroom
- Approximately 5,320 SF of warehouse space
- Eight offices, a conference room, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,281
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,345,620
$2.3M
Cap Rate 7%
$1,675,443
$1.7M
Cap Rate 9%
$1,303,122
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$187.2K $15.60/SF
− Vacancy
−$19.7K −$1.64/SF
EGI
$167.5K $13.96/SF
− OpEx
−$50.3K −$4.19/SF
NOI
$117.3K $9.77/SF
Area
Birmingham, AL
Vacancy
10.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,345,620
Cap Rate 7%
$1,675,443
Cap Rate 9%
$1,303,122
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.95M
NOI $117,281 @ 7.0% cap · market cap 6.90%
Second Best
Flex RnD
$1.67M
$1.46M – $1.94M
NOI $116,626 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,165 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,666
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35233, AL
2,588
Population
2,710
Households
1
Avg Household Size
27
Median Age
90%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
1,725
Density / Sq Mi
$52,207
Median Household Income
$48,750
Median Earnings
$1,526
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
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Similar Off Market Nearby
- Seek First — 1720 University Blvd, Birmingham, AL 35233
- Big Al's — 1720 University Blvd, Birmingham, AL 35233
- Tre Luna Catering — 2513 5th Ave S, Birmingham, AL 35233
- Yarbrough Companies Inc — 2809 5th Ave S, Birmingham, AL 35233
- Architectural Hardware Supply — 200 28th St S, Birmingham, AL 35233
Frequently Asked Questions
What type of property is this?
Flex space - Office, meeting, and warehouse areas support a mix of industrial and showroom functions.
Where is this flex space located?
The property is located at 2821 5th Avenue South Birmingham, AL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 12,000 SF industrial office showroom; Approximately 5,320 SF of warehouse space; Eight offices, a conference room, and two bathrooms
