Warehouse with Fenced
For Sale
$375,000
7415 1st Ave N, Birmingham, AL 35206
5,000 SF warehouse with fenced yard near I-59/I-20.
Property Size5,000 SF
Lot Size0.38 Acres
Price / SF$75
Days on Market204
Property Features for 7415 1st Ave N
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.38 Acres
Property subtype
Industrial
Building Details
Building Size
5,000 SF
Listing Agency:
Longleaf Realty Partners, LLC
Listed By:
Champ Stewart · License #0001462860
(205) 879-3733
Source:
Longleafrealestate
Added: Mar 27
Changed: Oct 15
Last Checked: Oct 14 at 8:50PM
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
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Investment Insights
Based on property information with market context.
This warehouse property offers approximately 5,000 square feet of space on a 0.38-acre lot. The property features a fenced yard and includes two roll-up doors. The eave height measures 14 feet. An additional block storage building is located within the yard. A semi-trailer, currently used for storage, is included with the property. The property is equipped with an alarm system, electric fence, and cameras. It is located approximately 0.5 miles from I-59 and 1 mile from I-20.
Key Highlights
- Convenient location: .5 miles from I‑59 and 1 mile from I‑20.
- Secure property: Includes alarm system, electric fence, and cameras.
- Large fenced yard: .38 acres of fenced yard space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,907
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,140
$558.1K
Cap Rate 7%
$398,671
$398.7K
Cap Rate 9%
$310,078
$310.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$36.0K $7.20/SF
− Vacancy
−$3.2K −$0.63/SF
EGI
$32.8K $6.57/SF
− OpEx
−$4.9K −$0.98/SF
NOI
$27.9K $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%
$558,140
Cap Rate 7%
$398,671
Cap Rate 9%
$310,078
Alternative Uses
Best Use
Warehouse
$398.7K
$348.8K – $465.1K
NOI $27,907 @ 7.0% cap · market cap 7.44%
Second Best
Industrial
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,152 @ 7.0% cap · market cap 21.91%
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
464
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35206, AL
15,648
Population
7,967
Households
2
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
10.1 sq mi
ZIP Area
1,549
Density / Sq Mi
$39,051
Median Household Income
$28,665
Median Earnings
$990
Median Rent
$122,500
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
- Public Storage — 6917 Oporto Madrid Blvd, Birmingham, AL 35206
- United Rentals - Storage Containers and Mobile Offices — 3701 65th St N, Birmingham, AL 35206
- Self-Storage at U-Haul — 7733 1st Ave N, Birmingham, AL 35206
Frequently Asked Questions
What type of property is this?
Warehouse - 5,000 SF warehouse with fenced yard near I-59/I-20.
Where is this warehouse located?
The property is located at 7415 1st Ave N Birmingham, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Convenient location: .5 miles from I‑59 and 1 mile from I‑20.; Secure property: Includes alarm system, electric fence, and cameras.; Large fenced yard: .38 acres of fenced yard space.
