Pelham Parkway Commercial
For Sale
$1,000,000
3412 Pelham Pkwy, Pelham, AL 35124
Flexible commercial building in high-growth location near I-65.
Property Size12,000 SF
Days on Market239
Property Features for 3412 Pelham Pkwy
General Information
Standard status
Active
Size
12,000 SF
Class
C
Property subtype
Office
Building Details
Building Size
12,000 SF
Year Built
1973
Listing Agency:
Ironvest Partners
Listed By:
Jordan Weaver · License #AL #000126065-0
(678) 577-2748
Source:
Ironvestpartners
Added: Feb 25
Changed: Oct 21
Last Checked: Oct 20 at 7:16PM
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 Ironvest Partners
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Investment Insights
Based on property information with market context.
This commercial building is ideally suited for investors or owner-users seeking a location in a high-growth, business-friendly environment. The flexible M-1 zoning allows for a wide range of uses, providing long-term value in a thriving growth corridor. The clearspan building can be reconfigured for any user of the space and features a functional layout suitable for retail, showroom, service-based, or light industrial uses. The property includes three roll-up doors, two rear-facing and one front-facing. Located in a high-growth, business-friendly area, it is ideal for both owner-users and investors. The property is situated approximately 2.5 miles from I-65, a six-minute drive, offering quick access to the Birmingham MSA with over 160,000 vehicles per day. It has a prime location on Pelham Parkway, a major commercial corridor with excellent visibility and accessibility, with over 33,000 vehicles per day. The building is located just minutes from Alabaster, a four-minute drive, enhancing regional draw for retail, industrial, and service users. It is also near major area projects, including Canopy Park Apartments, the Pelham Arts Center Development, and the Huntley Parkway Residential Expansion.
Key Highlights
- Prime location on Pelham Parkway, a major commercial corridor with excellent visibility and accessibility.
- High‑growth, business‑friendly location ideal for owner/user or investor.
- Flexible M‑1 zoning allows for a wide range of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,106
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,120
$1.0M
Cap Rate 7%
$730,086
$730.1K
Cap Rate 9%
$567,844
$567.8K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$86.4K $7.20/SF
− Vacancy
−$7.8K −$0.65/SF
EGI
$78.6K $6.55/SF
− OpEx
−$27.5K −$2.29/SF
NOI
$51.1K $4.26/SF
Area
Shelby County, AL
Vacancy
9.00%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,120
Cap Rate 7%
$730,086
Cap Rate 9%
$567,844
Alternative Uses
Best Use
Flex RnD
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$727.9K
$636.9K – $849.2K
NOI $50,950 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,165 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 35124, AL
25,667
Population
10,207
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
603
Density / Sq Mi
$91,513
Median Household Income
$50,970
Median Earnings
$1,575
Median Rent
$282,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Just For You Personal Chef & Catering — 3569 Pelham Pkwy Suite 3, Pelham, AL 35124
- Her Block Mobile Bartending — 3552 Pelham Pkwy #1131, Birmingham, AL 35124
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building in high-growth location near I-65.
Where is this flex space located?
The property is located at 3412 Pelham Pkwy Pelham, AL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location on Pelham Parkway, a major commercial corridor with excellent visibility and accessibility.; High‑growth, business‑friendly location ideal for owner/user or investor.; Flexible M‑1 zoning allows for a wide range of uses.
