Eight-Building Flex Space
For Sale
Contact for pricing
516 Jefferson Boulevard, Birmingham, AL 35217
Multi-building flex space portfolio comprising light industrial properties in Birmingham, Alabama.
Property Size179,672 SF
Price / SF$60.11
Days on Market110
Property Features for 516 Jefferson Boulevard
General Information
Standard status
Active
Size
179,672 SF
Property subtype
Industrial
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$896,695
Building Details
Buildings
8
Tenancy
Multi
Listing Agency:
Ironvest Partners
Listed By:
Sims Herron · License #AL 139461
(334) 262-1958
Source:
Crexi
Added: Jun 30
Changed: Oct 16
Last Checked: Oct 16 at 7:10AM
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
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Investment Insights
Based on property information with market context.
This offering includes eight light industrial and flex buildings assembled as one portfolio. The properties are located at 516 Jefferson Boulevard in Birmingham, Alabama, providing a multi-building configuration for flex space ownership and operations.
Key Highlights
- Eight light industrial and flex buildings included
- Located at 516 Jefferson Boulevard in Birmingham, AL 35217
- Multi‑building flex space portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$825,859
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,517,180
$16.5M
Cap Rate 7%
$11,797,986
$11.8M
Cap Rate 9%
$9,176,211
$9.2M
Market Conditions
NOI Build-Up for 179,672 SF
Gross rent
$1.29M $7.20/SF
− Vacancy
−$113.8K −$0.63/SF
EGI
$1.18M $6.57/SF
− OpEx
−$353.9K −$1.97/SF
NOI
$825.9K $4.60/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,517,180
Cap Rate 7%
$11,797,986
Cap Rate 9%
$9,176,211
Alternative Uses
Best Use
Flex RnD
$24.95M
$21.83M – $29.10M
NOI $1,746,196 @ 7.0% cap · market cap 16.17%
Second Best
Industrial
$11.80M
$10.32M – $13.76M
NOI $825,859 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$42.17M
$36.90M – $49.20M
NOI $2,952,083 @ 7.0% cap · market cap 27.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35217, AL
12,891
Population
6,196
Households
2.1
Avg Household Size
39
Median Age
11%
College-Educated
78%
High-School Grad
17.7 sq mi
ZIP Area
728
Density / Sq Mi
$38,769
Median Household Income
$31,210
Median Earnings
$835
Median Rent
$113,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Birmingham, AL
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building flex space portfolio comprising light industrial properties in Birmingham, Alabama.
Where is this flex space located?
The property is located at 516 Jefferson Boulevard Birmingham, AL.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: Eight light industrial and flex buildings included; Located at 516 Jefferson Boulevard in Birmingham, AL 35217; Multi‑building flex space portfolio
