Flex Property With Multiple
For Sale
$899,900
2719 County Road 29, Crossville, AL 35962
Business Opportunity, Crossville, AL
Property Size12,900 SF
Lot Size28.50 Acres
Price / SF$69.76
Days on Market95
Property Features for 2719 County Road 29
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Metes And Bounds
Directions
From Hwy 168 Take Double Bridges Rd (Co Rd 26) Towards Crossville. Travel 5.7 Miles And Turn Right On Co Rd 29...Property Will Be On The Right
Standard status
Active
Size
12,900 SF
Lot size
28.50 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Gabe Henderson · License #121789
(256) 302-3125
Added: Jun 5
Changed: Sep 6
Last Checked: Sep 7 at 12:06AM
MLS# 21905142
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 12,900-square-foot flex property includes four separate structures on 28.5 acres. The primary shop measures 60 by 80 feet, while a second 30-by-50-foot building is insulated and wired for additional work or production space. A 20-by-30-foot storage shed supports equipment or inventory needs, and a 100-by-60-foot barn provides substantial covered area. The buildings were constructed in 2023 and feature concrete flooring.
The property is served by public water and a septic tank. Its combination of enclosed shop space, storage capacity, and covered agricultural or commercial space provides a varied physical configuration for operations requiring multiple buildings.
The property is served by public water and a septic tank. Its combination of enclosed shop space, storage capacity, and covered agricultural or commercial space provides a varied physical configuration for operations requiring multiple buildings.
Key Highlights
- 28.5‑acre flex property with 12,900 square feet of building area
- Four separate buildings, including shops, a storage shed, and a barn
- Main shop measures 60*80 feet
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
$49,474
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
5.50%
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%
$989,480
$989.5K
Cap Rate 7%
$706,771
$706.8K
Cap Rate 9%
$549,711
$549.7K
Market Conditions
NOI Build-Up for 12,900 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
$61.9K $4.80/SF
− Vacancy
−$3.7K −$0.29/SF
EGI
$58.2K $4.51/SF
− OpEx
−$8.7K −$0.68/SF
NOI
$49.5K $3.84/SF
Area
DeKalb County, AL
Vacancy
6.00%
Lease Rate
$4.80 /SF/Yr
Expense Ratio
15.00%
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%
$989,480
Cap Rate 7%
$706,771
Cap Rate 9%
$549,711
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $108,072 @ 7.0% cap · market cap 12.01%
Second Best
Warehouse
$706.8K
$618.4K – $824.6K
NOI $49,474 @ 7.0% cap · market cap 5.50%
Theoretical Best
Healthcare Medical
$2.08M
$1.82M – $2.42M
NOI $145,473 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
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 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?
Flex space - Four-building commercial property with concrete floors, public water, and septic service.
Where is this flex space located?
The property is located at 2719 County Road 29 Crossville, AL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 28.5‑acre flex property with 12,900 square feet of building area; Four separate buildings, including shops, a storage shed, and a barn; Main shop measures 60*80 feet
