Listed by RealtySouth Chelsea Branch, LandQuire
$4,500,000
Pinson Valley Pkwy
Details
Property Type Retail, Multifamily
Sub Type Grocery Store, Restaurant
Square Footage 143,100
Units 762
NOI $9,250,000
Acreage 98.000
Retail | 143,100 SqFt
Marketing description
The Day Foundation Project is a fully entitled 98-acre mixed-use development located along Pinson Valley Parkway in Birmingham, Alabama. The project has approvals in place for a 762-unit apartment community as well as approximately 143,100 square feet of retail, grocery, restaurant, and office/medical space. Upon stabilization, the project is projected to generate approximately $9.25 million in annual Net Operating Income (NOI), positioning it as one of the largest mixed-use development opportunities in the Birmingham metropolitan area.
Investment highlights
- Fully entitled 98-acre site with approvals for 762 apartment units and 143,100 SF of commercial space.
- Diverse income streams from multifamily, retail, grocery, restaurant, and office/medical tenants.
- Projected stabilized NOI of ~$9.25M per year.
- Estimated stabilized value of $123M–$142M (based on 6.5–7.5% cap rates).
- Prime location on Pinson Valley Parkway with access to Birmingham metro population and employers.
- Strong demand drivers for both housing and retail in the growing Pinson/Birmingham corridor.
- Approximately 98 acres
- Multifamily 762 Units
- Retail / Restaurant Space: 74,100
- Grocery Store: 34,000 SQFT
- Office/Medical: 35,000 SQFT
Listing Contacts
Listed by RealtySouth Chelsea Branch, LandQuire
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,250,000.00
$770,833.33/mo
Valuation Metrics
0
DSCR
205.56%
Cap Rate
205.56%
ROI
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