Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3521 3Rd Ave Birmingham, AL 35222
    Back to Search
    Property profile & analytics

    3521 3Rd Ave, Birmingham, AL 35222

    View on Map
    • Warehouses
    • 30,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LKQ FinishMaster - Birmingham / Hardware & Home Improvement / Building Supply
    • birminghamrainbarrel / Real Estate Agency

    Property Details for 3521 3Rd Ave

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Birmingham, Alabama property, located at 3521 3rd Avenue South, offers 10,000 square feet of immediately available space within a larger 30,000 square foot building. The property is classified as retail, office, and industrial, and its versatile layout is ideal for a variety of uses, including warehouse, traditional office, and showroom operations. The space boasts a 12-foot ceiling height, providing ample vertical storage or workspace. Convenient loading and unloading is ensured with three loading docks, one dock-high door, and one drive-in door. The building is situated in Jefferson County, Alabama, and features multiple tenancies. The available space is a contiguous 10,000 square feet, perfect for a single tenant seeking a substantial footprint. This move-in ready facility offers excellent natural lighting. A sublease opportunity exists, with a competitive rate of $6.25 per square foot annually, and operating expenses are only $0.84 per square foot annually. The sublease expires on April 30, 2027. This prime industrial space presents a unique opportunity for businesses seeking a well-equipped and strategically located facility in Birmingham. The zip code is 35222.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7797
    Latitude
    33.5205

    Comparable in this City

    • Value Estimation by Request
      15,922 SF

      3317 6Th Ave

      Distribution properties
      3317 6Th Ave, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      19,440 SF

      3708 Reverend Abraham Woods Jr Blvd

      Distribution properties
      3708 Reverend Abraham Woods Jr Blvd, Birmingham, AL 35222
      View Details
    • Value Estimation by Request

      3708 Reverend Abraham Woods Jr Blvd

      Distribution properties
      3708 Reverend Abraham Woods Jr Blvd, Birmingham, AL 35222
      View Details
    • Value Estimation by Request

      3425 Airport Hwy

      Distribution properties
      3425 Airport Hwy, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      53,500 SF

      524 35Th St

      Distribution properties
      524 35Th St, Birmingham, AL 35222
      View Details
    • Value Estimation by Request
      5,008 SF

      4710 5Th Ave

      Individual retail properties
      4710 5Th Ave, Birmingham, AL 35222
      View Details

    Similar Nearby for Sale

    • $995,000

      Warehouse/Manufacturing Site with Rail Access

      Warehouse/Manufacturing site with CSX Railroad access in Birmingham-Hoover MSA.
      616 33Rd Pl N, Birmingham, AL 35222
      View Details
    • Contact for pricing
      12,000 SF

      Birmingham Industrial Warehouse and Office

      Functional layout in established industrial corridor near Downtown Birmingham.
      3901 2Nd Ave S, Birmingham, AL 35222
      View Details
    • Contact for pricing
      7,400 SF

      Office/Warehouse Flex Space Available

      7,400 SF office/warehouse with flex and warehouse space.
      4285 3Rd Ave S, Birmingham, AL 35222
      View Details
    • $729,000

      Warehouse with Fenced Yard

      19,440 SF warehouse on 1.63 acres with fenced yard.
      3708 8Th Ave North, Birmingham, AL 35222
      View Details
    • Contact for pricing
      82,000 SF

      Warehouse/Manufacturing Site with Rail Access

      Warehouse/Manufacturing site with CSX Railroad access in Birmingham-Hoover MSA.
      616 33Rd Pl N, Birmingham, AL 35222
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Messer Airport Highway Flex Space

      12,000 SF flex space near Birmingham's CBD for lease.
      3230 Messer Airport Hwy, Birmingham, AL 35222
      View Details
    • $2,400 /Mo

      Avondale Flex Space For Lease

      Newly renovated flex space in Avondale, near downtown Birmingham.
      4720 1St Ave North, Birmingham, AL 35222
      View Details
    • $1,595 /Mo

      Downtown Birmingham Flex Space

      1600 SF flex space near downtown Birmingham for rent.
      3501 7Th Ave S, Birmingham, AL 35222
      View Details
    • $12 SF/Yr

      Prime Commercial Space in Birmingham

      Versatile space ideal for retail or office use.
      3601 4Th Ave S, Birmingham, AL 35222
      View Details
    • $6,600 /Mo
      8,760 SF

      Avondale Office Space for Lease

      Historic Avondale, flexible suites available
      3720 4Th Ave, Birmingham, AL 35222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3521 3Rd Ave
    Birmingham, AL 35222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3521 3Rd Ave, Birmingham, AL, 35222
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!