Industrial Warehouse with Overhead
25932 Walter Lee Drive Athens, AL 35613
25932 Walter Lee Drive, Athens, AL, 35613
$550,000
For Sale
$550,000
COMMERCIAL - Athens, AL
Property Size4,500 SF
Lot Size0.32 Acres
Price / SF$122.22
Days on Market8
Property Features for 25932 Walter Lee Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Driveway, Parking Lot, Garage
- Exterior features
- Lighting
- Standard status
- Active
- APN
- 09 04 20 0 002 022.000
- Size
- 4,500 SF
- Lot size
- 0.32 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency
Newton Realty
(256) 434-8400
15380 Greenfield Drive, Athens, AL
Listed by
Keeton Griggs · License #114913
(256) 777-8775
Added: Jul 10 Checked: Jul 17 at 10:06 am
MLS# 21923442
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Investment Insights
Based on property information with market context.
This industrial warehouse offers approximately 4,500 square feet with 20' ceilings and a 16' x 20' overhead bay door. Paved parking supports practical day-to-day access for employees and operations.
Located in Limestone County, outside Huntsville, the property provides quick access to I-65 and I-565 for connectivity throughout North Alabama and the Southeast.
An adjacent 60' x 100' warehouse is also available, offering an option to expand storage or add additional industrial space.
Located in Limestone County, outside Huntsville, the property provides quick access to I-65 and I-565 for connectivity throughout North Alabama and the Southeast.
An adjacent 60' x 100' warehouse is also available, offering an option to expand storage or add additional industrial space.
Key Highlights
- 4,500 SF (50' x 90') industrial warehouse in Limestone County, AL
- 20' ceilings
- 16' x 20' overhead bay door plus paved parking and parking lot
Local Financial Insights For Warehouse
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 | $28.1k | $6.24 |
| − Vacancy | −$1.5k | −$0.32 |
| EGI | $26.6k | $5.92 |
| − OpEx | −$4.0k | −$0.89 |
| NOI | $22.6k | $5.03 |
4,500 SF · lease $6.24/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$323.2K
$282.8K – $377.1K
NOI $22,627 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$255.2K
$223.3K – $297.7K
NOI $17,861 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,026 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- M & j boat and rv storage — 23554 Lee Hwy, Athens, AL 35613
FAQs
What type of property is this?
Warehouse - Industrial warehouse features 20' ceilings, a 16' x 20' overhead bay door, and paved parking.
Where is this warehouse located?
The property is located at 25932 Walter Lee Drive Athens, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,500 SF (50' x 90') industrial warehouse in Limestone County, AL; 20' ceilings; 16' x 20' overhead bay door plus paved parking and parking lot
