108 Walter Davis Dr, Birmingham, AL 35209
- Warehouses
- 15,400 SF
- 0.87 lot acres
Current Use by Public Records
- Warehouses
Property Details for 108 Walter Davis Dr
- Year built
- 1979
- Lot size
- 0.87 lot acres
- Zone code
- M1
- Property type
- Warehouses
- APN
- 29-00-15-1-001-004.009
- APU
- 2900151001004009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 21, 2026 | — | Walter Davis Drive LLC | — | Deed · related | $966k · Smartbank |
| May 20, 2020 | $1,475,000 | Walter Davis Drive LLC | Sigland Realty LLC | Deed | $1.2M · Valley National Bank |
| Dec 23, 2008 | — | Sigland Realty LLC | Owner Name Unavailable | Grant Deed · related | — |
| — | — | Fulton,cyrus B JR | — | Deed Of Trust · related | $1.5M · First Nat'l Bk/shelby |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.839
- Latitude
- 33.4726
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
