Pelham Parkway Commercial
0 Highway 119 Pelham, AL
0 Highway 119, Pelham, AL, 00000
Contact for pricing
For Sale
Contact for pricing
Flexible M-1 zoned building on a high-traffic commercial corridor.
Property Size12,000 SF
Lot Size0.54 Acres
Price / SF$91.67
Days on Market417
Property Features for 0 Highway 119
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.54 Acres
- Property subtype
- OFFICE
Listing Agency
Ironvest Partners
(678) 577-2748
Listed by
Jordan Weaver · License ##000126065-0
Source
Moodyscre
Added: May 27, 2025 Checked: Jul 16 at 8:41 am
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 Ironvest Partners
Investment Insights
Based on property information with market context.
This 12,000 square foot building is located on Pelham Parkway, a major commercial corridor with high visibility and accessibility, experiencing traffic volume of over 33,000 vehicles per day. The M-1 zoning allows for a wide range of uses. The clearspan building can be reconfigured for various purposes, including retail, showroom, service-based, or light industrial uses. The property features three roll-up doors, two located at the rear and one at the front. Situated in a high-growth, business-friendly location, it is suitable for both owner-users and investors. The property is approximately 2.5 miles from I-65, offering quick access to the Birmingham Metropolitan Statistical Area. It is also located a short drive from Alabaster, enhancing its regional draw for retail, industrial, and service users. The location is near developments such as Canopy Park Apartments, Pelham Arts Center Development, and Huntley Parkway Residential Expansion.
Key Highlights
- Prime Location on Pelham Parkway: High visibility and accessibility on a major commercial corridor (33,000+ VPD).
- Flexible M‑1 Zoning: Allows for a wide range of uses, providing long‑term value.
- 2.5 Miles From I‑65: Quick access to the Birmingham MSA (160,000+ VPD).
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $7.20 |
| − Vacancy | −$7.8k | −$0.65 |
| EGI | $78.6k | $6.55 |
| − OpEx | −$27.5k | −$2.29 |
| NOI | $51.1k | $4.26 |
12,000 SF · lease $7.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $113,022 @ 7.0% cap · market cap 10.27%
Second Best
Flex RnD
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,165 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flexible M-1 zoned building on a high-traffic commercial corridor.
Where is this flex space located?
The property is located at 0 Highway 119 Pelham, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime Location on Pelham Parkway: High visibility and accessibility on a major commercial corridor (33,000+ VPD).; Flexible M‑1 Zoning: Allows for a wide range of uses, providing long‑term value.; 2.5 Miles From I‑65: Quick access to the Birmingham MSA (160,000+ VPD).
