Flex Space with Commercial
For Sale
$175,000
5305 1st Ave, Birmingham, AL 35212
Versatile commercial building with open floor area, offices, coolers, compliant access, and MU-M zoning.
Property Size2,315 SF
Price / SF$75.59
Days on Market48
Property Features for 5305 1st Ave
General Information
Standard status
Active
Size
2,315 SF
Zoning
MU-M
Site & Location
Neighborhood
Crestwood North
Highway Access
Yes
Additional Details
Cold Storage
Yes
Amenities
3 door cooler
2 walk-in coolers
2 half baths
covered rear area
handicap compliant
Building Details
Year Built
1984
Buildings
2
Listing Agency:
Keller Williams Homewood
Listed By:
Frances Knox · License #30859
(205) 936-8062
Source:
Soldbystratford
Added: Sep 9
Changed: Oct 14
Last Checked: Oct 7 at 5:01PM
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 Keller Williams Homewood
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Investment Insights
Based on property information with market context.
This 1984 flex-space building provides a 2,315-square-foot layout with a broad front area, a rear office, two half baths, and substantial cold-storage infrastructure. The property includes one three-door cooler and two walk-in coolers measuring approximately 15' x 10' and 14' x 15'. A covered rear area of approximately 20' x 15' extends the functional space, while the entry and restrooms meet handicap-compliance requirements. The roof and gutters were replaced in 2021, according to the owner.
The building is in Birmingham’s Woodlawn area with access to Hwy 280, I-20, and Hwy 78. It is near the Woodlawn Post Office, two blocks from a bus stop, and four blocks from the Woodlawn East Transit Center. MU-M zoning is identified by the Birmingham Zoning Office. The property is being sold as-is and is offered together with 5303 1st Avenue N.
The building is in Birmingham’s Woodlawn area with access to Hwy 280, I-20, and Hwy 78. It is near the Woodlawn Post Office, two blocks from a bus stop, and four blocks from the Woodlawn East Transit Center. MU-M zoning is identified by the Birmingham Zoning Office. The property is being sold as-is and is offered together with 5303 1st Avenue N.
Key Highlights
- 2,315‑square‑foot flex‑space building constructed in 1984
- One three‑door cooler plus two walk‑in coolers measuring approximately 15' x 10' and 14' x 15'
- Open front area, rear office, two half baths, and approximately 20' x 15' covered rear area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,641
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,820
$212.8K
Cap Rate 7%
$152,014
$152.0K
Cap Rate 9%
$118,233
$118.2K
Market Conditions
NOI Build-Up for 2,315 SF
Gross rent
$16.7K $7.20/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$15.2K $6.57/SF
− OpEx
−$4.6K −$1.97/SF
NOI
$10.6K $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%
$212,820
Cap Rate 7%
$152,014
Cap Rate 9%
$118,233
Alternative Uses
Best Use
Retail
$323.2K
$282.8K – $377.1K
NOI $22,625 @ 7.0% cap · market cap 12.93%
Second Best
Flex RnD
$321.4K
$281.2K – $375.0K
NOI $22,499 @ 7.0% cap · market cap 12.86%
Theoretical Best
Office A
$543.4K
$475.5K – $633.9K
NOI $38,036 @ 7.0% cap · market cap 21.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35212, AL
11,240
Population
5,537
Households
2
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
1,813
Density / Sq Mi
$34,565
Median Household Income
$37,264
Median Earnings
$754
Median Rent
$210,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Birmingham, AL
Similar Off Market Nearby
- Much up catering — 6001 1st Ave N, Birmingham, AL 35212
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with open floor area, offices, coolers, compliant access, and MU-M zoning.
Where is this flex space located?
The property is located at 5305 1st Ave Birmingham, AL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,315‑square‑foot flex‑space building constructed in 1984; One three‑door cooler plus two walk‑in coolers measuring approximately 15' x 10' and 14' x 15'; Open front area, rear office, two half baths, and approximately 20' x 15' covered rear area
