Technical
Financial
Distress signals
Property profile

511 11Th St North Birmingham, AL 35203

FOR LEASE
Investment properties
Property ID
US03-0999076
22,386 SF 0.87 ac lot Built 1945
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Location

511 11Th St North Birmingham, AL 35203
Birmingham metro Census 2702 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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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

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
Zoning description

The purpose of the M1 Light Manufacturing District is provide for contractor or construction equipment dealer yard, grain and feed storage, heating fuel or building material storage or wholesaling, manufacturing, fabrica…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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