Birmingham Flex/Industrial Property For
For Sale
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4100 Colonnade Pkwy, Birmingham, AL 35243
22,850 SF flex/industrial property available in Birmingham, Alabama.
Property Size22,850 SF
Price / SF$148.80
Days on Market929
Property Features for 4100 Colonnade Pkwy
General Information
Standard status
Active
Size
22,850 SF
Class
A
Total Parking Spaces
77
Property subtype
Office, Industrial
Listing Agency:
Shannon Waltchack
(205) 209-9701
Listed By:
Len Shannon, SIOR, CCIM, CPM · License #AL 000030664
Source:
Crexi
Added: Feb 14, 2024
Changed: Aug 25
Last Checked: Aug 26 at 6:41AM
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 Shannon Waltchack
Investment Insights
Based on property information with market context.
This commercial real estate offering features 22,850 square feet of flex and industrial space. The property is located in Birmingham, Alabama.
Key Highlights
- No property information provided.
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
$222,075
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
6.53%
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%
$4,441,500
$4.4M
Cap Rate 7%
$3,172,500
$3.2M
Cap Rate 9%
$2,467,500
$2.5M
Market Conditions
NOI Build-Up for 22,850 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
$383.9K $16.80/SF
− Vacancy
−$42.2K −$1.85/SF
EGI
$341.7K $14.95/SF
− OpEx
−$119.6K −$5.23/SF
NOI
$222.1K $9.72/SF
Area
Birmingham, AL
Vacancy
11.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$4,441,500
Cap Rate 7%
$3,172,500
Cap Rate 9%
$2,467,500
Alternative Uses
Best Use
Flex RnD
$3.17M
$2.78M – $3.70M
NOI $222,075 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$1.50M
$1.31M – $1.75M
NOI $105,030 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$5.36M
$4.69M – $6.26M
NOI $375,435 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35243, AL
21,607
Population
10,027
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
99%
High-School Grad
12.5 sq mi
ZIP Area
1,729
Density / Sq Mi
$99,063
Median Household Income
$66,621
Median Earnings
$1,632
Median Rent
$484,400
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?
Flex space - 22,850 SF flex/industrial property available in Birmingham, Alabama.
Where is this flex space located?
The property is located at 4100 Colonnade Pkwy Birmingham, AL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: No property information provided.
