Flex Space with Highway
For Sale
$350,000
15682 Highway 68, Crossville, AL 35962
COMMERCIAL - Crossville, AL
Property Size3,600 SF
Lot Size3.08 Acres
Price / SF$97.22
Days on Market336
Property Features for 15682 Highway 68
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Across From Crossville Elementary School.
Standard status
Active
APN
3202040001007.002
Size
3,600 SF
Lot size
3.08 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Dynasty Real Estate Services
(256) 828-2090
Listed By:
Taylor Fogg · License #124698
(256) 706-9632
Added: Sep 29, 2025
Changed: Aug 4
Last Checked: Aug 30 at 4:06AM
MLS# 21899801
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 flex-space property provides 3,600 square feet within a 60-by-60-foot building on 3.08 acres. The interior has concrete flooring and includes one bathroom, while a metal roof completes the primary building improvements. The space is described as suitable for retail, office, or service-oriented business use and can be customized for an occupant’s needs.
Positioned at 15682 Highway 68 in Crossville, the property offers highway access and on-site parking. Public water serves the property, with wastewater handled by a septic tank. The combination of building area, land, basic interior improvements, and commercial positioning provides a straightforward setting for a range of flexible business operations.
Positioned at 15682 Highway 68 in Crossville, the property offers highway access and on-site parking. Public water serves the property, with wastewater handled by a septic tank. The combination of building area, land, basic interior improvements, and commercial positioning provides a straightforward setting for a range of flexible business operations.
Key Highlights
- 3,600 square feet of commercial building area
- 60x60 space on a 3.08‑acre site
- Located at 15682 Highway 68, Crossville, AL 35962
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
$30,160
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
8.62%
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%
$603,200
$603.2K
Cap Rate 7%
$430,857
$430.9K
Cap Rate 9%
$335,111
$335.1K
Market Conditions
NOI Build-Up for 3,600 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
$50.5K $14.04/SF
− Vacancy
−$4.1K −$1.15/SF
EGI
$46.4K $12.89/SF
− OpEx
−$16.2K −$4.51/SF
NOI
$30.2K $8.38/SF
Area
DeKalb County, AL
Vacancy
8.20%
Lease Rate
$14.04 /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%
$603,200
Cap Rate 7%
$430,857
Cap Rate 9%
$335,111
Alternative Uses
Best Use
Flex RnD
$430.9K
$377.0K – $502.7K
NOI $30,160 @ 7.0% cap · market cap 8.62%
Second Best
Office B
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 6.86%
Theoretical Best
Healthcare Medical
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35962, AL
7,445
Population
3,417
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
76%
High-School Grad
71.5 sq mi
ZIP Area
104
Density / Sq Mi
$58,000
Median Household Income
$33,146
Median Earnings
$749
Median Rent
$130,200
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Concrete flooring, public water, and septic service support a customizable commercial space.
Where is this flex space located?
The property is located at 15682 Highway 68 Crossville, AL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,600 square feet of commercial building area; 60x60 space on a 3.08‑acre site; Located at 15682 Highway 68, Crossville, AL 35962
