Birmingham Flex/Industrial Property For
For Sale
$3,400,000
4100 Colonnade Parkway, Birmingham, AL 35243
22,850 SF flex/industrial property available in Birmingham, Alabama.
Property Size22,937 SF
Price / SF$148.80
Days on Market205
Property Features for 4100 Colonnade Parkway
General Information
Standard status
Active
Size
22,937 SF
Class
A
Property subtype
Office - Medical Office
Building Details
Building Size
22,937 SF
Listing Agency:
Shannon Waltchack
Listed By:
Seth Berry · License #000097664
(205) 369-0809
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 16 at 6:19AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,075
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,441,500
$4.4M
Cap Rate 7%
$3,172,500
$3.2M
Cap Rate 9%
$2,467,500
$2.5M
Market Conditions
NOI Build-Up for 22,850 SF
Gross rent
$383.9K $16.80/SF
− Vacancy
−$42.2K −$1.85/SF
EGI
$341.7K $14.95/SF
− OpEx
−$119.6K −$5.23/SF
NOI
$222.1K $9.72/SF
Area
Birmingham, AL
Vacancy
11.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,441,500
Cap Rate 7%
$3,172,500
Cap Rate 9%
$2,467,500
Alternative Uses
Best Use
Flex RnD
$3.17M
$2.78M – $3.70M
NOI $222,075 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$1.50M
$1.31M – $1.75M
NOI $105,030 @ 7.0% cap · market cap 3.09%
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35243, AL
21,607
Population
10,027
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
99%
High-School Grad
12.5 sq mi
ZIP Area
1,729
Density / Sq Mi
$99,063
Median Household Income
$66,621
Median Earnings
$1,632
Median Rent
$484,400
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 Birmingham, AL
Similar Off Market Nearby
- L2G Catering — 4851 Cahaba River Rd, Birmingham, AL 35243
- 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
Frequently Asked Questions
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 Parkway 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.
