Mixed-Use Industrial
For Sale
$2,250,000
Pending
8591 BORDEN AVENUE, Leeds, AL 35094
Commercial Sale, LEEDS, AL
Property Size35,000 SF
Lot Size2.00 Acres
Days on Market658
Property Features for 8591 BORDEN AVENUE
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
50
Directions
From US 78 East turn right onto Dunnavant Rd then Left on Borden Ave. Property is on the left.
Standard status
Pending
APN
2500223001004000
Size
35,000 SF
Lot size
2.00 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
2500223001004000 Parcel No
Legal Description
2500223001004000 Parcel No
Utilities
Heating system
Propane (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Wendy Patterson · License #122135
(256) 572-7200
Added: Jan 9, 2025
Changed: Oct 29
Last Checked: Oct 29 at 10:06PM
MLS# 21878465
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 35,000-square-foot mixed-use property combines industrial floor area with professional office space and private living quarters. The residential area includes a kitchen and bathroom. Concrete flooring, central air, natural gas and propane heating, and a public water source serve the property. Built in 1967, the building has a metal roof, with a replacement roof currently being installed.
The property occupies 2 acres in Leeds, Alabama. An established tenant wishes to continue occupancy. Manufacturing, storage, and distribution are identified as potential uses for the industrial space.
The property occupies 2 acres in Leeds, Alabama. An established tenant wishes to continue occupancy. Manufacturing, storage, and distribution are identified as potential uses for the industrial space.
Key Highlights
- 35,000 square feet on 2 acres
- Existing tenant intends to remain
- Industrial, office, and private living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,801
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,596,020
$2.6M
Cap Rate 7%
$1,854,300
$1.9M
Cap Rate 9%
$1,442,233
$1.4M
Market Conditions
NOI Build-Up for 35,000 SF
Gross rent
$235.2K $6.72/SF
− Vacancy
−$27.5K −$0.79/SF
EGI
$207.7K $5.93/SF
− OpEx
−$77.9K −$2.23/SF
NOI
$129.8K $3.71/SF
Area
Jefferson County, AL
Vacancy
11.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,596,020
Cap Rate 7%
$1,854,300
Cap Rate 9%
$1,442,233
Alternative Uses
Best Use
Warehouse
$5.59M
$4.89M – $6.52M
NOI $391,108 @ 7.0% cap · market cap 17.38%
Second Best
Industrial
$4.60M
$4.03M – $5.37M
NOI $322,089 @ 7.0% cap · market cap 14.32%
Theoretical Best
Office A
$12.04M
$10.54M – $14.05M
NOI $842,849 @ 7.0% cap · market cap 37.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 35094, AL
14,936
Population
6,502
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
87%
High-School Grad
58.7 sq mi
ZIP Area
254
Density / Sq Mi
$74,340
Median Household Income
$45,210
Median Earnings
$976
Median Rent
$222,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An established tenant occupies the property and intends to remain, with industrial, office, and residential areas on site.
Where is this mixed-use property located?
The property is located at 8591 BORDEN AVENUE Leeds, AL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 35,000 square feet on 2 acres; Existing tenant intends to remain; Industrial, office, and private living areas
