Former Fast-Food Restaurant
For Sale
Contact for pricing
4013 MESSER AIRPORT HWY, Birmingham, AL 35222
Restaurant property positioned at the intersection of 41st St and Messer Airport Hwy.
Property Size2,865 SF
Lot Size0.91 Acres
Price / SF$169.28
Days on Market9
Property Features for 4013 MESSER AIRPORT HWY
General Information
Standard status
Active
Size
2,865 SF
Lot size
0.91 Acres
Property subtype
Retail
Zoning
CB2
Investment Type
Redevelopment
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1974
Buildings
1
Units
1
Listing Agency:
JB Tally, LLC
Listed By:
John Tally · License #000169139-0
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 7:57AM
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 JB Tally, LLC
Investment Insights
Based on property information with market context.
This former fast-food restaurant property includes a 2,865 SF building constructed in 1974. The improvements sit on a 39,690 SF lot and are located within Birmingham’s North Avondale area.
The property occupies the intersection of 41st St and Messer Airport Hwy, providing a prominent corner setting for a restaurant-oriented commercial use. CB2 zoning is identified for the site.
The property occupies the intersection of 41st St and Messer Airport Hwy, providing a prominent corner setting for a restaurant-oriented commercial use. CB2 zoning is identified for the site.
Key Highlights
- 2,865 SF building constructed in 1974
- 39,690 SF lot
- Former fast‑food restaurant site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,583
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$711,660
$711.7K
Cap Rate 7%
$508,329
$508.3K
Cap Rate 9%
$395,367
$395.4K
Market Conditions
NOI Build-Up for 2,865 SF
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.
Gross rent
$51.6K $18.00/SF
− Vacancy
−$4.1K −$1.44/SF
EGI
$47.4K $16.56/SF
− OpEx
−$11.9K −$4.14/SF
NOI
$35.6K $12.42/SF
Area
Birmingham, AL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$711,660
Cap Rate 7%
$508,329
Cap Rate 9%
$395,367
Alternative Uses
Best Use
Specialty Retail
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 7.34%
Second Best
Retail
$400.0K
$350.0K – $466.7K
NOI $28,001 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$672.5K
$588.4K – $784.6K
NOI $47,073 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property positioned at the intersection of 41st St and Messer Airport Hwy.
Where is this conventional restaurant located?
The property is located at 4013 MESSER AIRPORT HWY Birmingham, AL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,865 SF building constructed in 1974; 39,690 SF lot; Former fast‑food restaurant site
