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2817 Bessemer Rd 8,200 SF Retail Building Birmingham, AL 35208 $1,110,248 CAD ($135.40 CAD/SF) 9.23% Cap Rate
Executive Summary
Primed and ready for a build out to a new large commercial office, retail, or warehouse, with parking lot and signage. Or even keep it as is and have cash flow from four commercial tenants and 7 residential tenants. Downstairs, and accessible from the street behind the building, are five residential units, fully occupied and already cash flowing. Less than a mile from the opportunity zone of the Crossplex Development and Five-Points West shopping and retail district. 21,000+ cars drive past the building every day. Big signage opportunities, as well as rent appreciation and chance to build in new equity for your business' physical building or as purely an investment property. All block construction with interior metal framing and a metal roof. Updated plumbing and electrical.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$165,705
|
$20.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$165,705
|
$20.21
|
| Taxes |
$6,588
|
$0.80
|
| Operating Expenses |
$56,223
|
$6.86
|
| Total Expenses |
$62,811
|
$7.66
|
| Net Operating Income |
$102,894
|
$12.55
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $165,705 |
| Annual Per SF | $20.21 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $165,705 |
| Annual Per SF | $20.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,588 |
| Annual Per SF | $0.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $56,223 |
| Annual Per SF | $6.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,811 |
| Annual Per SF | $7.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,894 |
| Annual Per SF | $12.55 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,200 SF
Building Class
C
Year Built
1969
Price
$1,110,248 CAD
Price Per SF
$135.40 CAD
Cap Rate
9.23%
NOI
$102,476 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
B2 - General Business
Parking
10 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
125’ on Bessemer Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Appliance Repair
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Appliance Repair | Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-00-05-1-020-012.000 | Total Assessment | $89,514 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $6,588 CAD ($0.80 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
29-00-05-1-020-012.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$89,514 CAD
Annual Taxes
$6,588 CAD ($0.80 CAD/SF)
Tax Year
2024
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Presented by
Bear Flag Property Management
2817 Bessemer Rd
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