21366 Athens Limestone Boulevard Athens, AL 35611
COMMERCIAL - Athens, AL
Property Features for 21366 Athens Limestone Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 1005152000011000
- Size
- 4,929 SF
- Lot size
- 2.21 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Flooring type
- Concrete
Listing agent Wade Boggs License #74312 (256) 520-8384
Listing office Butler Realty 26875 Main St, Ardmore, AL (931) 427-4411
Listing date May 21, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- Easily convertible 5,000 sq ft building suitable for various restaurant uses.
- Large parking area with approximately 80 spaces.
- Convenient access to I‑65 (Exit #351).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.6k | $19.20 |
| − Vacancy | −$2.8k | −$0.58 |
| EGI | $91.8k | $18.62 |
| − OpEx | −$22.9k | −$4.66 |
| NOI | $68.8k | $13.97 |
