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    108 Walter Davis Dr Birmingham, AL 35209

    Sponsored
    For Sale
    $2,300,000

    Net-leased manufacturing facility, high ROI.

    Property size:
    47,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 47,100-square-foot manufacturing facility situated on a 3.02-acre lot in Birmingham, Alabama. The property, located at 108 Walter Davis Dr, features three single-story buildings constructed in 1979 and renovated in 2000, offering a blend of warehouse and office space (43,600 SF warehouse and 3,500 SF office). The property boasts a strong tenant with a corporate guarantee, operating under an absolute NNN lease with a 5.65% cap rate and a 100% occupancy rate. The current NOI is $129,891, with a sale price of $2,300,000 ($48.83/sq ft). The lease includes annual rent bumps of 2% and four 5-year options, ensuring long-term income stability. The property includes two loading docks and four dock-high doors, along with ample on-site parking. The 24-foot ceiling height provides excellent warehouse functionality. The property is zoned I-3 (Light Industrial) and benefits from its location in a dense retail corridor along Interstate 65, near a railroad, and within proximity to Samford University and Birmingham-Shuttlesworth International Airport. The surrounding area has a strong demographic profile, with a large population and high average household income. This is a rare opportunity to acquire a well-located, high-performing industrial asset with significant upside potential.

    Property Features for 108 Walter Davis Dr

    General Information

    Property type
    Manufacturing properties
    Square Feet
    47,100 SF
    Class
    B
    Lot Size
    131,551 SF

    Building Details

    Year Built/Renovated
    1979/2000
    Buildings
    3
    Stories
    1
    Units
    1

    HighLights

    • $2,300,000 asking price for this Net Lease industrial property.
    • Absolute NNN lease with a corporate guarantee and 2% annual rent increases.
    • 47,100 square feet on a 3.02‑acre lot, featuring three buildings.
    • 100% occupancy with a $129,891 Net Operating Income (NOI), yielding a 5.65% cap rate.
    • Property includes 43,600 SF of warehouse space and 3,500 SF of office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8392503
    Latitude
    33.4724185

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    FAQs

    What type of property is this?
    Manufacturing property - Net-leased manufacturing facility, high ROI.
    Where is this manufacturing property located?
    The property is located at 108 Walter Davis Dr Birmingham, AL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for this Net Lease industrial property.; Absolute NNN lease with a corporate guarantee and 2% annual rent increases.; 47,100 square feet on a 3.02-acre lot, featuring three buildings.
    Request Owner's contact information
    108 Walter Davis Dr Birmingham, AL 35209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Walter Davis Dr Birmingham, AL 35209
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