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    2411 1St Ave S Irondale, AL 35210

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    2411 1St Ave S Irondale, AL 35210

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    • Flex space
    For Lease
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    Irondale Flex and Warehouse Space For Lease
    Contact for pricing

    Irondale Flex and Warehouse Space

    Flex, office, and warehouse spaces available near Birmingham.

    2411 1st Ave S, Irondale, AL 35210
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    Property ID
    US03-0717411
    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

    • Flex space

    Property Details for 2411 1St Ave S

    Property type
    Flex space
    Property subtype
    Office Units

    Description

    Service Center and Office/warehouse Spaces Available Strategic Location, With Easy Access to Downtown Birmingham Close Proximity to I-20 and I-459

    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
    Irondale
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.701961
    Latitude
    33.5413

    Comparable in this City

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      Irondale Warehouse Space Available

      Warehouse space for lease in Irondale, close to Birmingham.
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      Move-in Ready Office Suites Available

      Office suites for rent with I-20 and highway 459 access.
      1900 Crestwood Blvd, Irondale, AL 35210
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      Montclair Road Office Space Available

      Former urgent care space available for lease on Montclair Road.
      1337 Montclair Rd, Birmingham, AL 35210
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      Industrial Single Tenant Opportunity

      16,000 SqFt industrial space available for single tenant.
      5500 Derby Dr, Irondale, AL 35210
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      5,801 SF

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      Flex building for sale with 5,801 square feet of space.
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    • $795,000
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      Flex Space with Laydown Yards

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      Mixed-Use Property with Warehouses

      Mixed-use property featuring warehouses and office space on 2.4 acres.
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      Overton Road Commercial Land Available

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      31,864 SF

      Irondale Retail and Industrial Space

      31,864 SqFt retail and industrial property for sale.
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    Similar Nearby for Lease

    • $7 SF/Yr

      Renovated Office and Warehouse Space

      Updated office and warehouse with expansion potential in East Birmingham.
      4227 Underwood Industrial Dr, Birmingham, AL 35210
      View Details
    • $7 SF/Yr

      Updated Warehouse and Office Space

      Spacious warehouse with modern office, ideal for industrial uses.
      4263 Underwood Industrial Dr, Birmingham, AL 35210
      View Details
    • $4 SF/Yr

      Irondale Warehouse Space Available

      Warehouse space for lease in Irondale, close to Birmingham.
      511 Vulcan Dr, Birmingham, AL 35210
      View Details
    • Contact for pricing

      Move-in Ready Office Suites Available

      Office suites for rent with I-20 and highway 459 access.
      1900 Crestwood Blvd, Irondale, AL 35210
      View Details
    • Contact for pricing

      Montclair Road Office Space Available

      Former urgent care space available for lease on Montclair Road.
      1337 Montclair Rd, Birmingham, AL 35210
      View Details
    • Contact for pricing

      Industrial Single Tenant Opportunity

      16,000 SqFt industrial space available for single tenant.
      5500 Derby Dr, Irondale, AL 35210
      View Details
    View Listing
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    Irondale, AL 35210
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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.

    More about this property
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