108 Walter Davis DrBirmingham, AL 35209

Property Details for 108 Walter Davis Dr

Year built

1979

Lot size

0.87 AC

Property size (Sq ft)

15,400 SF

Zone code

M1

Property type

Warehouses

APN

29-00-15-1-001-004.009

APU

2900151001004009

Description

This exceptional investment opportunity presents a 47,100-square-foot manufacturing facility situated on a 3.02-acre lot in Birmingham, Alabama. The property, located at 108 Walter Davis Dr, features three single-story buildings constructed in 1979 and renovated in 2000, offering a blend of warehouse and office space (43,600 SF warehouse and 3,500 SF office). The property boasts a strong tenant with a corporate guarantee, operating under an absolute NNN lease with a 5.65% cap rate and a 100% occupancy rate. The current NOI is $129,891, with a sale price of $2,300,000 ($48.83/sq ft). The lease includes annual rent bumps of 2% and four 5-year options, ensuring long-term income stability. The property includes two loading docks and four dock-high doors, along with ample on-site parking. The 24-foot ceiling height provides excellent warehouse functionality. The property is zoned I-3 (Light Industrial) and benefits from its location in a dense retail corridor along Interstate 65, near a railroad, and within proximity to Samford University and Birmingham-Shuttlesworth International Airport. The surrounding area has a strong demographic profile, with a large population and high average household income. This is a rare opportunity to acquire a well-located, high-performing industrial asset with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $3,728,204

  Hospitality

  $3,415,014

  Educational

  $2,841,252

  Medical

  $2,938,967

  Retail

  $4,419,726

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4726

Longitude

-86.839

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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