Building Details

Building Size 10,000 SF

Year Built 2021

Stories 2

Listing Agency: Red Rock Realty Group

Listed By: Bud Ballard · License #000105215 Show Phone

Source: Redrockrg

Added: Jul 23 Changed: Oct 11 Last Checked: Oct 24 at 1:53PM

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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 Red Rock Realty Group

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Investment Insights

Based on property information with market context.

This newer-construction industrial warehouse was built in 2021 and is designed for efficient day-to-day operations. The facility features clear-span construction, grade-level loading, and ground-floor restrooms. A 400 amp, three-phase electrical service supports general warehousing and light manufacturing, along with equipment-intensive operations or other heavy power draw users. The property also includes approximately 530 square feet of finished HVAC second-story office space.

The property is located east of Birmingham’s CBD and is described as minutes from I-20/59 and downtown Birmingham.

The available space is presented as a 10,000 square-foot warehouse with minimal office, supported by M-2 Heavy Industrial zoning.

Key Highlights

• Built in 2021, clear‑span warehouse totaling 10,000 SF
• M‑2 Heavy Industrial zoning
• Grade‑level loading

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,814

Cap Rate

4.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,116,280 $1.1M

Cap Rate 7%

$797,343 $797.3K

Cap Rate 9%

$620,156 $620.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$72.0K $7.20/SF

− Vacancy

−$6.3K −$0.63/SF

EGI

$65.7K $6.57/SF

− OpEx

−$9.8K −$0.98/SF

NOI

$55.8K $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%

$1,116,280

Cap Rate 7%

$797,343

Cap Rate 9%

$620,156

Alternative Uses

Best Use

Warehouse

$797.3K

$697.7K – $930.2K (±1% cap)

NOI $55,814 @ 7.0% cap · market cap 4.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.35M

$2.05M – $2.74M (±1% cap)

NOI $164,304 @ 7.0% cap · market cap 14.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

LAZR! Metal Cutting ... Production Facility Iron Horse Metalworks ... Metal Fabrication Plant

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy Spa & Massage Center Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

614

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Industrial in Birmingham, AL

6.5% 2019

5.1% 2020

4.7% 2021

7.3% 2022

13.5% 2023

9.2% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Built in 2021, this clear-span warehouse includes grade-level loading, ground-floor restrooms, and a finished second-story office.

Where is this warehouse located?

The property is located at 4360 1st Avenue South Birmingham, AL.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Built in 2021, clear‑span warehouse totaling 10,000 SF; M‑2 Heavy Industrial zoning; Grade‑level loading