Property profile

2800 Milan Ct Birmingham, AL 35211

OFF-MARKET
Retail properties & Spaces
Property ID
US03-0712397
44,371 SF 4 ac lot Built 1996
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 12.42-acre parcel presents a remarkable opportunity for industrial development within the established Oxmoor Industrial Park in Birmingham, Alabama. Located at 2800 Milan Ct, Jefferson County, zip code 35211 (33.42963846, -86.88800883), this raw, undeveloped land offers significant potential for a variety of industrial projects. The asking price is $1,082,000, translating to an attractive price point of only $2.00 per square foot. All utilities are readily available, simplifying the development process and minimizing upfront infrastructure costs. The property's location within Oxmoor Industrial Park provides easy access to major transportation routes, ensuring efficient logistics and distribution for any future development. This site is ideal for businesses seeking a strategic location in a thriving industrial area with excellent infrastructure and accessibility. The expansive acreage allows for considerable flexibility in design and scale, accommodating a wide range of industrial uses. This is a rare opportunity to acquire a substantial land parcel in a prime Birmingham location, poised for immediate development. Serious inquiries are encouraged to explore the full potential of this exceptional industrial land offering.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1996
Total area 44,371 SF
Lot 4 ac (174,284 SF)
Zoning code I3
APN 29-00-31-1-000-001.004
UPID US03-0712397

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Service Center

Location

2800 Milan Ct Birmingham, AL 35211-6912
Birmingham metro Census 14303 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.07M
Blend (final) Blend
$570k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2022
$2.2M

Zoning & alternative use

I3 · Birmingham, AL
Zoning description

3. Planned Manufacturing (I-3) District. The planned manufacturing district is designed to allow for the orderly arrangement of high quality manufacturing development designed for maximum compatibility internally and wit…

General category INDUSTRIAL
Top alternative use upside
Apartment house (5+ units) $8.9M +128.7%
Commercial (general) $8.4M +114.9%
Medical building $7.9M +101.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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