1927 Storefront with Detached
For Sale
$489,900
280 Gunter Avenue, Guntersville, AL 35976
Business Opportunity, Guntersville, AL
Property Size2,812 SF
Lot Size0.34 Acres
Price / SF$174.22
Days on Market118
Property Features for 280 Gunter Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Rooms
Basement
Parking features
Garage, On Street
Subdivision
Old Town
Lot features
Corner Lot, Wooded
Directions
On Gunter Avenue, Hwy 79/431. Directly Across From City Harbor, On The West Side Of Gunter Avenue.
Standard status
Active
APN
1501024000009000
Size
2,812 SF
Lot size
0.34 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood, Tile
Roof type
Tile
Listing Agency:
A.H. Sothebys Int. Realty
(256) 799-9333
Listed By:
David Dahne · License #156303
(772) 285-1673
Added: May 14
Changed: Sep 2
Last Checked: Sep 8 at 2:06AM
MLS# 21900215
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 2,812-square-foot commercial storefront occupies 0.34 acres and dates to 1927. The building features 18-inch poured-concrete exterior walls finished with Spanish-style stucco, tile and wood flooring, electric heat, central air, and a basement. A detached two-car garage provides additional enclosed space, while on-street parking is also available.
The property overlooks City Harbor and Guntersville Lake and is located at 280 Gunter Avenue in Guntersville, Alabama. Public water and sewer serve the site. It is currently zoned for Business and is being offered for commercial use rather than residential occupancy.
The tile roof is only partially complete, and roof leaks have caused some interior damage. An estimate is available for completing the roof and restoring the interior to business-ready condition. The property was formerly operated as an antique shop.
The property overlooks City Harbor and Guntersville Lake and is located at 280 Gunter Avenue in Guntersville, Alabama. Public water and sewer serve the site. It is currently zoned for Business and is being offered for commercial use rather than residential occupancy.
The tile roof is only partially complete, and roof leaks have caused some interior damage. An estimate is available for completing the roof and restoring the interior to business-ready condition. The property was formerly operated as an antique shop.
Key Highlights
- 2,812‑square‑foot commercial storefront on 0.34 acres
- Building constructed in 1927 with 18‑inch poured‑concrete walls and Spanish‑style stucco
- Separate 2 car garage, plus on‑street parking
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
$17,939
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
3.66%
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%
$358,780
$358.8K
Cap Rate 7%
$256,271
$256.3K
Cap Rate 9%
$199,322
$199.3K
Market Conditions
NOI Build-Up for 2,812 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
$28.0K $9.96/SF
− Vacancy
−$2.4K −$0.85/SF
EGI
$25.6K $9.11/SF
− OpEx
−$7.7K −$2.73/SF
NOI
$17.9K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$358,780
Cap Rate 7%
$256,271
Cap Rate 9%
$199,322
Alternative Uses
Best Use
Retail
$256.3K
$224.2K – $299.0K
NOI $17,939 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.9K
$531.1K – $708.1K
NOI $42,485 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
407
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
FedEx Office Print & Ship Center
Shops & Services
407 visits/mo
0.5 miles
Demographics for 35976, AL
16,787
Population
7,472
Households
2.2
Avg Household Size
47
Median Age
31%
College-Educated
88%
High-School Grad
127.6 sq mi
ZIP Area
132
Density / Sq Mi
$72,579
Median Household Income
$39,354
Median Earnings
$792
Median Rent
$254,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned building with lake views, public utilities, and a separate garage.
Where is this storefront property located?
The property is located at 280 Gunter Avenue Guntersville, AL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2,812‑square‑foot commercial storefront on 0.34 acres; Building constructed in 1927 with 18‑inch poured‑concrete walls and Spanish‑style stucco; Separate 2 car garage, plus on‑street parking
