5,801 SF Flex
For Sale
Contact for pricing
Pending
100 19th St N, Irondale, AL 35210
Flex building for sale with 5,801 square feet of space.
Property Size5,801 SF
Days on Market1014
Property Features for 100 19th St N
General Information
Standard status
Pending
Size
5,801 SF
Class
A
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
C2
Building Details
Year Built
1955
Stories
1
Listing Agency:
Longleaf Realty Partners, LLC
(251) 222-5650
Listed By:
Greg Wallace · License #AL 000235024-0
Source:
Crexi
Added: Nov 21, 2023
Changed: Aug 24
Last Checked: Aug 31 at 3:01AM
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 is a 5,801 square foot flex building available for sale. The property is suitable for a variety of commercial real estate uses, including flex space, industrial purposes, warehousing, office units, and retail space.
Key Highlights
- 5,801 SF Flex Building
- For Sale
- Year Built: 1955
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
$53,384
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
7.12%
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%
$1,067,680
$1.1M
Cap Rate 7%
$762,629
$762.6K
Cap Rate 9%
$593,156
$593.2K
Market Conditions
NOI Build-Up for 5,801 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
$79.4K $13.68/SF
− Vacancy
−$3.1K −$0.53/SF
EGI
$76.3K $13.15/SF
− OpEx
−$22.9K −$3.94/SF
NOI
$53.4K $9.20/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$13.68 /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%
$1,067,680
Cap Rate 7%
$762,629
Cap Rate 9%
$593,156
Alternative Uses
Best Use
Industrial
$762.6K
$667.3K – $889.7K
NOI $53,384 @ 7.0% cap · market cap 7.12%
Second Best
Flex RnD
$738.1K
$645.9K – $861.2K
NOI $51,669 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,696 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,230
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35210, AL
14,344
Population
7,204
Households
2
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
24.9 sq mi
ZIP Area
576
Density / Sq Mi
$72,632
Median Household Income
$48,194
Median Earnings
$1,164
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Maya's Catering — 1001 20th St S #1005, Birmingham, AL 35205, United States
- Seek First — 1720 University Blvd, Birmingham, AL 35233
- Big Al's — 1720 University Blvd, Birmingham, AL 35233
- Bayou Bros Food Truck & Catering — 113 12th St N, Birmingham, AL 35203
- Crestline Catering Co. — 1500 1st Ave N, Birmingham, AL 35203
Frequently Asked Questions
What type of property is this?
Flex space - Flex building for sale with 5,801 square feet of space.
Where is this flex space located?
The property is located at 100 19th St N Irondale, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,801 SF Flex Building; For Sale; Year Built: 1955
