Warehouse with Office
2907-2915 3rd Avenue South, Birmingham, AL 35233
For Sale
New
Contact for pricing
The building combines warehouse area with a dedicated office component.
Property Size10,980 SF
Lot Size0.40 Acres
Price / SF$145.72
Days on Market6
Property Features for 2907-2915 3rd Avenue South
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Office Build-Out
Additional Details
Asking Price
Building Details
Buildings
Building Size
Listing Agency:
Shannon Waltchack
Listed By:
Alec Hersh · License #AL 140488
(205) 209-9701
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 2:46PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property contains approximately 10,980 square feet, including about 3,475 square feet of office area. The building has 16.5-foot clear height and two roll-up doors, providing a mix of workspace and warehouse capacity.
The site covers approximately 0.4 acres at 2907-2915 3rd Avenue South in Birmingham, across the street from Pepper Place.
The site covers approximately 0.4 acres at 2907-2915 3rd Avenue South in Birmingham, across the street from Pepper Place.
Key Highlights
- Approximately 10,980 SF building on 0.4 acres
- Approximately 3,475 SF of office area
- 16.5‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,284
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,680
$1.2M
Cap Rate 7%
$875,486
$875.5K
Cap Rate 9%
$680,933
$680.9K
Market Conditions
NOI Build-Up for 10,980 SF
Gross rent
$79.1K $7.20/SF
− Vacancy
−$7.0K −$0.63/SF
EGI
$72.1K $6.57/SF
− OpEx
−$10.8K −$0.98/SF
NOI
$61.3K $5.58/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,680
Cap Rate 7%
$875,486
Cap Rate 9%
$680,933
Alternative Uses
Best Use
Warehouse
$875.5K
$766.1K – $1.02M
NOI $61,284 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,406 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,166
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
$332,100
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Birmingham, AL
Properties on Market for Warehouses in Birmingham
Vacancy Rate% for Industrial in Birmingham, AL
Similar Off Market Nearby
- Movedealers.com — 120 19th St N Ste 2052, Birmingham, AL 35203
- Lakeview Self Storage — 612 32nd St S, Birmingham, AL 35233
- Self Storage — 1900 3rd Ave N, Birmingham, AL 35203
- Greenhalgh Storage Group — 15 Richard Arrington Jr Blvd N, Birmingham, AL 35203
- The Armstrong Company — 101 25th St S, Birmingham, AL 35233
Frequently Asked Questions
What type of property is this?
Warehouse - The building combines warehouse area with a dedicated office component.
Where is this warehouse located?
The property is located at 2907-2915 3rd Avenue South Birmingham, AL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 10,980 SF building on 0.4 acres; Approximately 3,475 SF of office area; 16.5‑foot clear height
