511 Vulcan DrIrondale, AL 35210

Property Details for 511 Vulcan Dr

Year built

1978

Lot size

4.30 AC

Property size (Sq ft)

63,200 SF

Zone code

I1

Property type

Retail properties

APN

23-00-24-4-001-002.001

APU

2300244001002001

Description

This exceptional Class A industrial warehouse, located at 511 Vulcan Drive in Irondale, Alabama, presents a rare investment opportunity. Boasting a substantial 166,618 square feet of space, this multi-tenant property sits on a generous 7-acre lot. The building includes approximately 4,300 square feet of office space, catering to diverse operational needs. Currently, a short-term lease with a national credit tenant is in place, offering immediate income potential and flexibility for future occupancy. Investors and owner-users alike will appreciate the potential for single or multi-tenant configurations. This large-scale industrial asset is situated in the highly desirable Irondale market, providing excellent access to Birmingham's city center and major interstate highways, ensuring seamless logistics and distribution. The asking price for this prime property is $7,014,000. The property's location within Jefferson County, Alabama, zip code 35210, offers a strategic advantage for businesses seeking efficient transportation and a strong workforce. This is a unique opportunity to acquire a significant industrial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $19,649,602

  6.5%

  $18,138,094

  7%

  $16,842,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,942,510

  Geo Method

  $31,066,036

• Alternative Use

  Use

  Valuation

  Residential

  $15,300,160

  Hospitality

  $14,014,865

  Educational

  $11,660,203

  Medical

  $12,061,215

  Retail

  $18,138,094

Location Insight

City

Irondale

County

Jefferson

State

Alabama

Latitude

33.5394

Longitude

-86.6964

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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