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Property profile & analytics
OFF-MARKET Estimated value $400,000
Office Spaces

617 21st W Ave Birmingham, AL 35204-1425

714 SF 1.6 ac lot Built 1966
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US03-0371453
Property summary
AI-generated overview

This exceptional 36,500-square-foot industrial property in Birmingham, Alabama, presents a lucrative investment opportunity. Located at 617 21st Avenue West, within Jefferson County's M-1 zoned area, this single-building facility offers a compelling blend of cooler and freezer space, ideal for various cold storage needs. The building boasts 27,300 square feet of cooler space and 4,600 square feet of freezer space, ensuring ample capacity for diverse inventory management. Six dock-high loading positions, each equipped with refrigeration, facilitate efficient and seamless loading and unloading operations. The property also includes 2,500 square feet of recently renovated office space, providing comfortable and functional administrative areas. Ceiling heights range from 10 to 20 feet, offering flexibility for various storage configurations and equipment. The facility's previous use by a well-established meat and seafood distributor speaks to its suitability for similar businesses, and its central Birmingham location provides easy access to major transportation routes and a robust workforce. The asking price for this exceptional cold storage facility is $2,495,000. This represents a significant opportunity to acquire a high-performing asset in a thriving market.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1966
Total area 714 SF
Lot 1.6 ac (69,609 SF)
Zoning code M1R6
APN 22-00-27-2-023-003.000
UPID US03-0371453
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
Current use
Occupant on record · Public records
  • Evans Meats Inc. Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k
Owner & transaction history
Evans Meats LLC
Evans Meats LLC
3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M1R6 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Planning/Zoning (MapServer)
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