Office-Warehouse Flex
For Sale
$1,095,000
5804 Oporto Madrid Blvd S, Irondale, AL 35210
Built in 1985, the property combines office and warehouse functions.
Property Size10,950 SF
Days on Market9
Property Features for 5804 Oporto Madrid Blvd S
General Information
Standard status
Active
Size
10,950 SF
Property subtype
Industrial
Building Details
Building Size
10,950 SF
Year Built
1985
Listing Agency:
Longleaf Realty Partners, LLC
(205) 879-3733
Listed By:
Champ Stewart · License #0001462860
Source:
Longleafrealestate
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 6:21PM
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 Longleaf Realty Partners, LLC
Investment Insights
Based on property information with market context.
Located at 5804 Oporto Madrid Blvd S in Irondale, Alabama, this flex-space property combines office and warehouse functions within one commercial asset. The building was constructed in 1985.
Key Highlights
- Flex‑space property with office and warehouse components
- Constructed in 1985
- 5804 Oporto Madrid Blvd S, Irondale, AL 35210
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
$100,768
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
9.20%
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%
$2,015,360
$2.0M
Cap Rate 7%
$1,439,543
$1.4M
Cap Rate 9%
$1,119,644
$1.1M
Market Conditions
NOI Build-Up for 10,950 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
$149.8K $13.68/SF
− Vacancy
−$5.8K −$0.53/SF
EGI
$144.0K $13.15/SF
− OpEx
−$43.2K −$3.94/SF
NOI
$100.8K $9.20/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
30.00%
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%
$2,015,360
Cap Rate 7%
$1,439,543
Cap Rate 9%
$1,119,644
Alternative Uses
Best Use
Office B
$2.76M
$2.41M – $3.22M
NOI $192,967 @ 7.0% cap · market cap 17.62%
Second Best
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,361 @ 7.0% cap · market cap 11.17%
Theoretical Best
Office A
$3.77M
$3.30M – $4.39M
NOI $263,691 @ 7.0% cap · market cap 24.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35210, AL
14,344
Population
7,204
Households
2
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
24.9 sq mi
ZIP Area
576
Density / Sq Mi
$72,632
Median Household Income
$48,194
Median Earnings
$1,164
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- Good To Go Catering — 7855 Crestwood Blvd, Irondale, AL 35210, United States
Frequently Asked Questions
What type of property is this?
Flex space - Built in 1985, the property combines office and warehouse functions.
Where is this flex space located?
The property is located at 5804 Oporto Madrid Blvd S Irondale, AL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Flex‑space property with office and warehouse components; Constructed in 1985; 5804 Oporto Madrid Blvd S, Irondale, AL 35210
