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Property profile & analytics
OFF-MARKET Estimated value $1,225,000
Investment properties

511 11th N St Birmingham, AL 35203-1515

22,386 SF 0.87 ac lot Built 1945
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US03-0999076
Property summary
AI-generated overview

This exceptional 21,000-square-foot industrial property, located at 511 11th St N in Birmingham, Alabama, presents a unique investment or occupancy opportunity. The property comprises three single-story buildings totaling 21,000 square feet, offering versatile warehouse, manufacturing, and flex space. With 13'-14' ceiling heights and four convenient drive-in doors, the space is ideal for a variety of uses. The property features three separate buildings with internal connectivity, allowing for flexible subdivision or single-tenant occupancy. Office space is included in two of the buildings. Situated on a 0.87-acre lot in Jefferson County's Opportunity Zone, this prime location boasts high visibility from I-65 (136,000+ daily traffic count) and easy access to both north and southbound I-65 on-ramps. Its proximity to downtown Birmingham, Innovation Depot, Hardware Park, and the Switch District adds to its appeal. A large fenced storage yard (approximately 10,000 square feet) and a substantial parking lot on the corner of 5th and 11th Streets provide ample space for parking and storage. The property benefits from 3-phase 240-volt service and has undergone significant capital improvements in the past year. The seller offers potential flexibility to assist with tenant improvement work. This property is available for immediate occupancy.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1945
Total area 22,386 SF
Lot 0.87 ac (38,000 SF)
Zoning code M1
APN 22-00-35-4-025-002.000
UPID US03-0999076
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.23M
Owner & transaction history
511 11th St North LLC · 1 yrs held
511 11th St North LLC
since 2024
Last sale
$1.2M
3 recorded transactions
2024
$1.2M
2023
$610,000
2005
Price N/A
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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