3931 Pinson Valley PkwyBirmingham, AL 35217

Property Details for 3931 Pinson Valley Pkwy

Year built

1991

Lot size

8.26 AC

Property size (Sq ft)

464 SF

Zone code

CB2

Property type

Retail properties

Property subtype

Other retail properties

APN

13-00-22-1-000-001.000

APU

1300221000001000

Description

This Birmingham, Alabama retail property presents a compelling value-add investment opportunity. The 12,614 square foot shopping center sits on a 2-acre lot and includes a 3,600 square foot vacant space, offering significant upside potential. The property boasts a strong anchor tenant, Dollar General, with a long-term lease (23 years, expiring April 30, 2030, with 5.2 years remaining). Dollar General occupies 71.46% of the space and has a corporate guarantee. The current Net Operating Income (NOI) is $75,940, with a pro-forma NOI of $123,997, yielding a current cap rate of 8.25% and a pro-forma cap rate of 13.47%. The property features 72 parking spaces and is strategically located on Pinson Valley Pkwy in Jefferson County (zip code 35217), offering high visibility to over 23,000 vehicles daily. The existing lease includes four (5-year) options with 10% rent bumps in each. The property was built in 2007 and consists of three units. This location benefits from proximity to a large industrial park and a substantial population within a 10-mile radius. The asking price is $920,496. This property is ideal for an investor seeking a strong cash flow with significant upside potential through lease-up of the vacant space.

• CAP approach

  CAP return

  Valuation

  6%

  $144,263

  6.5%

  $133,166

  7%

  $123,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $190,464

  Geo Method

  $228,080

• Alternative Use

  Use

  Valuation

  Residential

  $112,330

  Hospitality

  $102,894

  Educational

  $85,607

  Medical

  $88,551

  Retail

  $133,166

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.6331

Longitude

-86.727

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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