Birmingham Flex/Industrial Property For
4100 Colonnade Pkwy Birmingham, AL 35243
4100 Colonnade Pkwy, Birmingham, AL, 35243
Contact for pricing
For Sale
Contact for pricing
22,850 SF flex/industrial property available in Birmingham, Alabama.
Property Size22,850 SF
Price / SF$148.80
Days on Market884
Property Features for 4100 Colonnade Pkwy
General Information
- Standard status
- Active
- Size
- 22,850 SF
- Property subtype
- Office, Industrial
Listing Agency
Shannon Waltchack
(205) 209-9701
Listed by
Len Shannon, SIOR, CCIM, CPM · License #AL 000030664
Source
Crexi
Added: Feb 14, 2024 Checked: Jul 13 at 8:43 am
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 commercial real estate offering features 22,850 square feet of flex and industrial space. The property is located in Birmingham, Alabama.
Key Highlights
- No property information provided.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $466.1k | $20.40 |
| − Vacancy | −$100.2k | −$4.39 |
| EGI | $365.9k | $16.01 |
| − OpEx | −$91.5k | −$4.00 |
| NOI | $274.4k | $12.01 |
22,850 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,440 @ 7.0% cap · market cap 8.07%
Second Best
Flex RnD
$3.17M
$2.78M – $3.70M
NOI $222,075 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$5.36M
$4.69M – $6.26M
NOI $375,435 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Catering by R & R BBQ
- Table and Thyme Catering — 3660 Grandview Pkwy, Birmingham, AL 35243
- Blossom and Bee Catering — 3419 Colonnade Pkwy Suite 400, Birmingham, AL 35243
FAQs
What type of property is this?
Flex space - 22,850 SF flex/industrial property available in Birmingham, Alabama.
Where is this flex space located?
The property is located at 4100 Colonnade Pkwy Birmingham, AL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: No property information provided.
