Warehouse with Office
New
For Sale
$660,000
14405 Highway 72, Athens, AL 35611
Business Opportunity, Athens, AL
Property Size5,176 SF
Lot Size1.00 Acre
Price / SF$127.51
Days on Market3
Property Features for 14405 Highway 72
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Unzoned
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Driveway, Parking Lot
Exterior features
Lighting, Sidewalks
Lot features
High Visibility
Directions
From Athens City Head West On Highway 72. In 4 Miles The Property Is On The Right.
Standard status
Active
Size
5,176 SF
Lot size
1.00 Acre
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Innovative Realty Solutions
(256) 230-5950
Listed By:
Vance Dutton · License #128312
(256) 614-5308
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 28 at 7:06AM
MLS# 21927508
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property contains approximately 5,176 square feet of combined warehouse and office space, including 4,876 square feet dedicated to warehouse use. Seven roll-up bay doors provide equipment access, while the building also includes office space and two bathrooms. Concrete flooring, a metal roof, central air, and propane heating serve the improvements.
The property encompasses 1 acre with gravel and paved parking, a parking lot, and driveway access. It is located at 14405 Highway 72 in Athens, Alabama, with public water and a septic tank. Exterior features include lighting and sidewalks.
The property encompasses 1 acre with gravel and paved parking, a parking lot, and driveway access. It is located at 14405 Highway 72 in Athens, Alabama, with public water and a septic tank. Exterior features include lighting and sidewalks.
Key Highlights
- Approximately 5,176 square feet of warehouse and office space
- 4,876 square feet of warehouse space within the facility
- Seven roll‑up bay doors recently serviced for equipment access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,714
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,114,280
$1.1M
Cap Rate 7%
$795,914
$795.9K
Cap Rate 9%
$619,044
$619.0K
Market Conditions
NOI Build-Up for 5,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$93.2K $18.00/SF
− Vacancy
−$7.5K −$1.44/SF
EGI
$85.7K $16.56/SF
− OpEx
−$30.0K −$5.80/SF
NOI
$55.7K $10.76/SF
Area
Limestone County, AL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,114,280
Cap Rate 7%
$795,914
Cap Rate 9%
$619,044
Alternative Uses
Best Use
Flex RnD
$795.9K
$696.4K – $928.6K
NOI $55,714 @ 7.0% cap · market cap 8.44%
Second Best
Warehouse
$371.8K
$325.3K – $433.8K
NOI $26,026 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,348 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35611, AL
27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete-floor facility with multiple roll-up doors, office area, and paved and gravel parking.
Where is this warehouse located?
The property is located at 14405 Highway 72 Athens, AL.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Approximately 5,176 square feet of warehouse and office space; 4,876 square feet of warehouse space within the facility; Seven roll‑up bay doors recently serviced for equipment access
