Single-Tenant Industrial
For Sale
Contact for pricing
3600 Messer Airport Highway, Birmingham, AL 35222
Industrial facility presented with a single-tenant net lease structure and a 6.25% cap rate.
Property Size31,853 SF
Price / SF$138.13
Days on Market75
Property Features for 3600 Messer Airport Highway
General Information
Standard status
Active
Size
31,853 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Cap Rate
6.25%
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Colliers - Birmingham, Alabama
Listed By:
Will Canary · License #AL 000119845
(205) 949-2696
Source:
Crexi
Added: Aug 3
Changed: Oct 10
Last Checked: Oct 14 at 9:22PM
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 Colliers - Birmingham, Alabama
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Investment Insights
Based on property information with market context.
This industrial property comprises 31,853 square feet at 3600 Messer Airport Highway in Birmingham, Alabama. The offering is identified as a single-tenant net-lease facility with a 6.25% capitalization rate.
Key Highlights
- 31,853 SF industrial property
- 6.25% CAP rate
- Single‑tenant net‑lease facility at 3600 Messer Airport Highway, Birmingham, AL 35222
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,412
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,240
$2.9M
Cap Rate 7%
$2,091,600
$2.1M
Cap Rate 9%
$1,626,800
$1.6M
Market Conditions
NOI Build-Up for 31,853 SF
Gross rent
$229.3K $7.20/SF
− Vacancy
−$20.2K −$0.63/SF
EGI
$209.2K $6.57/SF
− OpEx
−$62.7K −$1.97/SF
NOI
$146.4K $4.60/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,240
Cap Rate 7%
$2,091,600
Cap Rate 9%
$1,626,800
Alternative Uses
Best Use
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,412 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.48M
$6.54M – $8.72M
NOI $523,358 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 35222, AL
8,419
Population
4,383
Households
1.9
Avg Household Size
37
Median Age
64%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
2,159
Density / Sq Mi
$91,964
Median Household Income
$61,933
Median Earnings
$1,086
Median Rent
$374,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial facility presented with a single-tenant net lease structure and a 6.25% cap rate.
Where is this industrial property located?
The property is located at 3600 Messer Airport Highway Birmingham, AL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 31,853 SF industrial property; 6.25% CAP rate; Single‑tenant net‑lease facility at 3600 Messer Airport Highway, Birmingham, AL 35222
