Manufacturing and Warehouse
For Sale
Contact for pricing
428 Industrial Ln, Birmingham, AL 35211
Renovated in 2023 with a new roof in 2025, featuring manufacturing and warehousing under I-3 zoning and gated loading.
Property Size81,795 SF
Price / SF$94.75
Days on Market233
Property Features for 428 Industrial Ln
General Information
Standard status
Active
Size
81,795 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield EGS
(205) 314-5509
Listed By:
Brad Moffatt
Source:
Moodyscre
Added: Dec 9, 2025
Changed: Jul 26
Last Checked: Jul 30 at 1:36PM
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 Cushman & Wakefield EGS
Investment Insights
Based on property information with market context.
This property serves as the corporate headquarters, primary manufacturing, and warehousing facility for Storyteller Overland. The facility has been renovated in 2023, and a new roof was installed in 2025. Improvements include a secured, fenced, and gated loading area, along with approximately 80 surface parking spaces.
The property is zoned I-3 and is located in the Oxmoor Valley submarket. It also includes on-site acreage of about 6.0 acres, supporting the facility’s operational footprint.
With its combined headquarters, manufacturing, and warehousing functions, the property offers a purpose-built industrial setup for an owner-operator or an industrial buyer seeking an established facility configuration.
The property is zoned I-3 and is located in the Oxmoor Valley submarket. It also includes on-site acreage of about 6.0 acres, supporting the facility’s operational footprint.
With its combined headquarters, manufacturing, and warehousing functions, the property offers a purpose-built industrial setup for an owner-operator or an industrial buyer seeking an established facility configuration.
Key Highlights
- Renovated in 2023 with a new roof in 2025
- ±181,795 SF manufacturing and warehousing facility
- 6.0 AC site with I‑3 zoning
Financial Insights For Warehouse
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 | $588.9k | $7.20 |
| − Vacancy | −$51.8k | −$0.63 |
| EGI | $537.1k | $6.57 |
| − OpEx | −$80.6k | −$0.98 |
| NOI | $456.5k | $5.58 |
81,795 SF · lease $7.20/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.52M
$5.71M – $7.61M
NOI $456,534 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$5.37M
$4.70M – $6.27M
NOI $375,969 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$19.20M
$16.80M – $22.40M
NOI $1,343,925 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 35211, AL
24,775
Population
14,302
Households
1.7
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
16.6 sq mi
ZIP Area
1,492
Density / Sq Mi
$34,286
Median Household Income
$29,742
Median Earnings
$1,044
Median Rent
$94,500
Median Home Value
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Renovated in 2023 with a new roof in 2025, featuring manufacturing and warehousing under I-3 zoning and gated loading.
Where is this manufacturing property located?
The property is located at 428 Industrial Ln Birmingham, AL.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Renovated in 2023 with a new roof in 2025; ±181,795 SF manufacturing and warehousing facility; 6.0 AC site with I‑3 zoning
