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 Market159
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
(205) 879-3733
Listed By:
Champ Stewart · License #0001462860
Source:
Longleafrealestate
Added: Mar 27
Changed: Aug 31
Last Checked: Aug 31 at 2:06PM
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.
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 = 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
$27,907
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
7.44%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
