Connected Warehouse Buildings with
For Sale
$2,175,000
4227-4263 Underwood Industrial Drive, Birmingham, AL 35210
I-3 zoning, separated utilities, and multiple loading options support logistics and light manufacturing uses.
Property Size25,450 SF
Price / SF$85.46
Days on Market136
Property Features for 4227-4263 Underwood Industrial Drive
General Information
Standard status
Active
Size
25,450 SF
Property subtype
Industrial - Manufacturing
Zoning
I-3
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
25,450 SF
Year Renovated
2025
Buildings
2
Listing Agency:
Ironvest Partners
Listed By:
Bart Moore · License #0001434130
(205) 936-4041
Source:
Commercialcafe
Added: Jun 1
Changed: Oct 1
Last Checked: Oct 12 at 4:41PM
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
Investment Insights
Based on property information with market context.
This industrial offering combines two connected, separately metered warehouse buildings totaling 25,450 SF with a 25,000 SF laydown yard. Both buildings provide dock-high and grade-level loading, while multiple access points and a recently added drive-in door expand operational flexibility. Capital improvements include a new roof with remaining warranty, separated power, water, and gas utilities, updated HVAC systems, renovated office space, upgraded lighting, and exterior paint.
The property is positioned in an established industrial corridor in East Birmingham, less than 3 miles from direct access to I-459. Nearby warehouse, manufacturing, and industrial service users support a setting suited to logistics, distribution, and light manufacturing operations. The property carries I-3 zoning from the City of Irondale and is located within reach of Birmingham’s metro area and broader Southeastern markets.
The property is positioned in an established industrial corridor in East Birmingham, less than 3 miles from direct access to I-459. Nearby warehouse, manufacturing, and industrial service users support a setting suited to logistics, distribution, and light manufacturing operations. The property carries I-3 zoning from the City of Irondale and is located within reach of Birmingham’s metro area and broader Southeastern markets.
Key Highlights
- Two connected warehouse buildings totaling 25,450 SF
- 25,000 SF laydown yard included
- Dock‑high and grade‑level loading at both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,048
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,840,960
$2.8M
Cap Rate 7%
$2,029,257
$2.0M
Cap Rate 9%
$1,578,311
$1.6M
Market Conditions
NOI Build-Up for 25,450 SF
Gross rent
$183.2K $7.20/SF
− Vacancy
−$16.1K −$0.63/SF
EGI
$167.1K $6.57/SF
− OpEx
−$25.1K −$0.98/SF
NOI
$142.0K $5.58/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,840,960
Cap Rate 7%
$2,029,257
Cap Rate 9%
$1,578,311
Alternative Uses
Best Use
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,048 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$1.67M
$1.46M – $1.95M
NOI $116,980 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$5.97M
$5.23M – $6.97M
NOI $418,154 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35210, AL
14,344
Population
7,204
Households
2
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
24.9 sq mi
ZIP Area
576
Density / Sq Mi
$72,632
Median Household Income
$48,194
Median Earnings
$1,164
Median Rent
$247,600
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 Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Warehouse - I-3 zoning, separated utilities, and multiple loading options support logistics and light manufacturing uses.
Where is this warehouse located?
The property is located at 4227-4263 Underwood Industrial Drive Birmingham, AL.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Two connected warehouse buildings totaling 25,450 SF; 25,000 SF laydown yard included; Dock‑high and grade‑level loading at both buildings
