Office/Warehouse with Mezzanine
For Sale
$875,000
4370 1st Ave South, Birmingham, AL 35222
Flex office and warehouse with heavy power, two restrooms, and a kitchenette plus three private offices.
Property Size6,706 SF
Lot Size0.18 Acres
Price / SF$130.60
Days on Market102
Property Features for 4370 1st Ave South
General Information
Standard status
Active
Size
6,706 SF
Lot size
0.18 Acres
Property subtype
Industrial
Additional Details
Heavy Power
Yes
Building Details
Building Size
6,706 SF
Year Built
1950
Listed By:
Bill Gunn, SIOR, CCIM
(205) 226-8625
Source:
Jhberry
Added: Jul 11
Changed: Oct 15
Last Checked: Oct 19 at 5:27AM
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 Bill Gunn, SIOR, CCIM
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale office/warehouse property includes approximately 800 SF of office space and about 5,900 SF of warehouse area within a 6,700 SF building. The office portion has a very nice office area with three private offices, along with two restrooms and a kitchenette. The warehouse includes the possibility of four mezzanine storage areas and features a 3-ton bridge crane.
The property sits on a 7,750 SF lot. The available power is described as “heavy power.” The listing also references a former “Man Cave,” but no additional details about its current status are provided.
Overall, the building is configured to support both office and warehouse operations, with onsite storage options on a mezzanine level and crane-assisted material handling in the warehouse space.
The property sits on a 7,750 SF lot. The available power is described as “heavy power.” The listing also references a former “Man Cave,” but no additional details about its current status are provided.
Overall, the building is configured to support both office and warehouse operations, with onsite storage options on a mezzanine level and crane-assisted material handling in the warehouse space.
Key Highlights
- 6,700 SF office/warehouse with 800 SF office and 5,900 SF warehouse space
- Office includes three private offices and a very nice office area
- Two restrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,470
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,400
$1.6M
Cap Rate 7%
$1,149,571
$1.1M
Cap Rate 9%
$894,111
$894.1K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$136.7K $20.40/SF
− Vacancy
−$29.4K −$4.39/SF
EGI
$107.3K $16.01/SF
− OpEx
−$26.8K −$4.00/SF
NOI
$80.5K $12.01/SF
Area
Birmingham, AL
Vacancy
21.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,400
Cap Rate 7%
$1,149,571
Cap Rate 9%
$894,111
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,470 @ 7.0% cap · market cap 9.20%
Second Best
Flex RnD
$930.2K
$814.0K – $1.09M
NOI $65,116 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,084 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35222, AL
8,419
Population
4,383
Households
1.9
Avg Household Size
37
Median Age
64%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
2,159
Density / Sq Mi
$91,964
Median Household Income
$61,933
Median Earnings
$1,086
Median Rent
$374,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Birmingham, AL
Similar Off Market Nearby
- Chef Kerrys Catering — 1125 43rd St N, Birmingham, AL 35212
Frequently Asked Questions
What type of property is this?
Flex space - Flex office and warehouse with heavy power, two restrooms, and a kitchenette plus three private offices.
Where is this flex space located?
The property is located at 4370 1st Ave South Birmingham, AL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,700 SF office/warehouse with 800 SF office and 5,900 SF warehouse space; Office includes three private offices and a very nice office area; Two restrooms and a kitchenette
