2,700 SF Light Industrial
For Sale
Contact for pricing
6100 1st Ave N, Birmingham, AL 35212
Light industrial building with high traffic and easy highway access.
Property Size2,700 SF
Price / SF$111.11
Days on Market738
Property Features for 6100 1st Ave N
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Industrial
Listing Agency:
LAH Commercial Real Estate Mountain Brook
(205) 960-1787
Listed By:
Bill Warren · License #AL 000067078
Source:
Crexi
Added: Aug 2, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:35AM
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 LAH Commercial Real Estate Mountain Brook
Investment Insights
Based on property information with market context.
The property is a 2,700 square foot light industrial building with exposure on the corner of 1st Avenue North. It features four drive-in roll-up doors, three of which are 10 feet tall. The location benefits from a traffic count of 18,520 vehicles on 1st Avenue North and provides easy access to both I-20 and I-59. The building formerly served as an automotive upholstery shop. A billboard ground lease on-site provides a revenue stream for the owner and includes one single office.
Key Highlights
- Great exposure at the corner of 1st Ave N + I‑20
- Features 4 drive‑in roll‑up doors, 3 of which are 10’ tall
- Easy access to both I‑20 + I‑59
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
$12,410
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
4.14%
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%
$248,200
$248.2K
Cap Rate 7%
$177,286
$177.3K
Cap Rate 9%
$137,889
$137.9K
Market Conditions
NOI Build-Up for 2,700 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
$19.4K $7.20/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$17.7K $6.57/SF
− OpEx
−$5.3K −$1.97/SF
NOI
$12.4K $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 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%
$248,200
Cap Rate 7%
$177,286
Cap Rate 9%
$137,889
Alternative Uses
Best Use
Industrial
$177.3K
$155.1K – $206.8K
NOI $12,410 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.7K
$554.5K – $739.4K
NOI $44,362 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Light industrial building with high traffic and easy highway access.
Where is this industrial property located?
The property is located at 6100 1st Ave N Birmingham, AL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Great exposure at the corner of 1st Ave N + I‑20; Features 4 drive‑in roll‑up doors, 3 of which are 10’ tall; Easy access to both I‑20 + I‑59
