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    120 Industrial Dr Birmingham, AL 35211
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    120 Industrial Dr, Birmingham, AL 35211

    View on Map
    • Distribution centers
    • 34,800 SF
    Off-Market
    Property ID
    US03-0129952
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • S&D Coffee & Tea / Big Box & Wholesale Store / Food Market
    • Changing Spaces Moving, Inc. / Moving Company

    Property Details for 120 Industrial Dr

    Property type
    Distribution centers

    Description

    This exceptional 34,800-square-foot warehouse, situated in the desirable Oxmoor Industrial Park submarket, presents a unique opportunity for single-tenant occupancy. The property boasts a spacious layout with 16' to 19' ceiling heights, providing ample vertical storage capacity. Dock-high loading ensures efficient and seamless material handling. The warehouse is fully insulated, maintaining a consistent internal temperature, and features high-quality office finishes, creating a comfortable and professional workspace. The building is equipped with robust 3-phase, 200-amp electrical service, accommodating a wide range of industrial operations. An 80-foot truck court provides ample space for maneuvering large vehicles and loading/unloading operations. Its central location within the Oxmoor Industrial Park offers easy access to major transportation routes and other essential amenities, making it an ideal location for businesses seeking efficient logistics and a strategic operational base. The property is classified as industrial, with a single-tenant occupancy structure, offering a streamlined and straightforward operational environment. The building's size and features make it suitable for a variety of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.850713202379
    Latitude
    33.452967004837

    Comparable in this City

    • $71 SF/Yr
      81,840 SF

      Oxmoor Warehouse: Huge Sublease Opportunity

      81,470 SF Warehouse, Prime Location
      300 Industrial Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Distribution Warehouse For Lease

      Distribution warehouse available for lease in Birmingham, Alabama.
      2701 S Park Dr SW, Birmingham, AL 35211
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    • $8 SF/Yr
      67,480 SF

      Industrial Facility in Oxmoor Submarket

      Versatile industrial property with warehouse and office space for lease.
      144 Industrial Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Functional Industrial Building in Birmingham

      4,500 SF industrial space for lease in Oxmoor Industrial Park.
      249 Lyon Ln, Birmingham, AL 35211
      View Details
    • $5 SF/Yr

      Oxmoor Industrial Sublease Opportunity

      81,470 SF industrial space with office and freezer/cooler areas.
      300 Industrial Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing

      60,000 SF Freestanding Industrial Building

      60,000 SF industrial building with trailer parking and outside storage.
      440 Industrial Ln, Birmingham, AL 35211
      View Details

    Similar Nearby for Sale

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      Birmingham Retail Investment Opportunity

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      Industrial Land on Ishkooda Road

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      Commercial Property for Sale

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      Land For Sale, Birmingham, AL

      Land available in Birmingham, Alabama.
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    • $390,000
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      Vacant Land in Birmingham, AL

      Vacant land zoned I-3, suitable for commercial or industrial development.
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    Similar Nearby for Lease

    • $71 SF/Yr
      81,840 SF

      Oxmoor Warehouse: Huge Sublease Opportunity

      81,470 SF Warehouse, Prime Location
      300 Industrial Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing

      Distribution Warehouse For Lease

      Distribution warehouse available for lease in Birmingham, Alabama.
      2701 S Park Dr SW, Birmingham, AL 35211
      View Details
    • $8 SF/Yr
      67,480 SF

      Industrial Facility in Oxmoor Submarket

      Versatile industrial property with warehouse and office space for lease.
      144 Industrial Dr, Birmingham, AL 35211
      View Details
    • Contact for pricing

      60,000 SF Freestanding Industrial Building

      60,000 SF industrial building with trailer parking and outside storage.
      440 Industrial Ln, Birmingham, AL 35211
      View Details
    • $5 SF/Yr

      Oxmoor Industrial Sublease Opportunity

      81,470 SF industrial space with office and freezer/cooler areas.
      300 Industrial Dr, Birmingham, AL 35211
      View Details
    • $5 SF/Yr

      Birmingham Warehouse with Office Space

      20,400 SF warehouse with 1,200 SF office space.
      2701 S Park Dr SW, Birmingham, AL 35211
      View Details
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    Birmingham, AL 35211
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    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.

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