Regional Distribution
For Sale
$9,800,000
4300 Coalburg Rd, Birmingham, AL 35207
FedEx Express regional distribution center with 30 dock doors, 4 drive-in doors, and 30-foot clear height.
Property Size90,465 SF
Lot Size11.00 Acres
Price / SF$108.33
Days on Market111
Property Features for 4300 Coalburg Rd
General Information
Standard status
Active
Size
90,465 SF
Total Parking Spaces
110
Lot size
11.00 Acres
Property subtype
Industrial
Zoning
I3
Warehouse & Industrial
Clear Height
30 ft
Dock-High Doors
30
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Building Size
90,465 SF
Listing Agency:
Colliers
Listed By:
Raymond Jonna · License #6501357188
(248) 226-1611
Source:
Cpix.resimplifi
Added: May 18
Changed: Aug 15
Last Checked: Sep 4 at 2:11AM
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 Colliers
Investment Insights
Based on property information with market context.
This 90,465-square-foot FedEx Express regional distribution center is offered as a net leased property. The facility is built for heavy freight distribution with 30-foot clear height, 30 dock doors, and 4 drive-in doors. The standing seam steel roof system was installed in 2012. The site includes 110 parking spaces and 51 trailer parking spaces.
The property is situated on 11 acres with access to Interstates 20/59 and 65 and 22, supporting regional connectivity to the greater Birmingham market.
A recently executed 10-year lease extension through April 2037 leaves approximately 11 years remaining at the time of listing, with minimal landlord responsibilities described for the net leased structure.
The property is situated on 11 acres with access to Interstates 20/59 and 65 and 22, supporting regional connectivity to the greater Birmingham market.
A recently executed 10-year lease extension through April 2037 leaves approximately 11 years remaining at the time of listing, with minimal landlord responsibilities described for the net leased structure.
Key Highlights
- 90,465 SF FedEx Express regional distribution center on 11 acres
- Recently executed 10‑year lease extension through April 2037 (approx. 11 years remaining)
- Net leased structure with minimal landlord responsibilities
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
$504,925
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
5.15%
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%
$10,098,500
$10.1M
Cap Rate 7%
$7,213,214
$7.2M
Cap Rate 9%
$5,610,278
$5.6M
Market Conditions
NOI Build-Up for 90,465 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
$651.3K $7.20/SF
− Vacancy
−$57.3K −$0.63/SF
EGI
$594.0K $6.57/SF
− OpEx
−$89.1K −$0.98/SF
NOI
$504.9K $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 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%
$10,098,500
Cap Rate 7%
$7,213,214
Cap Rate 9%
$5,610,278
Alternative Uses
Best Use
Warehouse
$7.21M
$6.31M – $8.42M
NOI $504,925 @ 7.0% cap · market cap 5.15%
Second Best
Industrial
$5.94M
$5.20M – $6.93M
NOI $415,821 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$21.23M
$18.58M – $24.77M
NOI $1,486,376 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30 ft
Clear height
30
Dock-high doors
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 35207, AL
7,911
Population
3,746
Households
2.1
Avg Household Size
39
Median Age
13%
College-Educated
80%
High-School Grad
11.6 sq mi
ZIP Area
682
Density / Sq Mi
$28,672
Median Household Income
$27,511
Median Earnings
$775
Median Rent
$74,800
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?
Distribution center - FedEx Express regional distribution center with 30 dock doors, 4 drive-in doors, and 30-foot clear height.
Where is this distribution center located?
The property is located at 4300 Coalburg Rd Birmingham, AL.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: 90,465 SF FedEx Express regional distribution center on 11 acres; Recently executed 10‑year lease extension through April 2037 (approx. 11 years remaining); Net leased structure with minimal landlord responsibilities
