Building Details

Year built 2002

Floors in Building 1

Roof type Shingle, Metal

Listing Agency: Swafford Auction Group LLC Show Phone

Listed By: Shane Swafford · License #58627 Show Phone

Added: Jun 30 Changed: Sep 16 Last Checked: Sep 26 at 2:06AM

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MLS# 21922282

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Investment Insights

Based on property information with market context.

This industrial property includes a 4,000-square-foot building on 2.44 acres, constructed in 2002. The facility has two bathrooms, electric heat, wall-unit cooling, and a roof configuration combining metal and shingles. Public water and a septic tank serve the property.

Frontage extends along County Road 137 and Jeff Cook Drive, with additional railroad frontage. The site is located minutes from Exit 231 on Interstate 59, providing access for industrial and warehouse operations. Inventory, machinery, equipment, and other business assets are available separately from the real estate.

Key Highlights

• 4,000‑square‑foot industrial facility on 2.44 acres
• Frontage on County Road 137 and Jeff Cook Drive
• Railroad frontage supports industrial property access

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

$15,341

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

3.84%

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%

$306,820 $306.8K

Cap Rate 7%

$219,157 $219.2K

Cap Rate 9%

$170,456 $170.5K

Market Conditions

NOI Build-Up for 4,000 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

$19.2K $4.80/SF

− Vacancy

−$1.2K −$0.29/SF

EGI

$18.0K $4.51/SF

− OpEx

−$2.7K −$0.68/SF

NOI

$15.3K $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%

$306,820

Cap Rate 7%

$219,157

Cap Rate 9%

$170,456

Alternative Uses

Best Use

Warehouse

$219.2K

$191.8K – $255.7K (±1% cap)

NOI $15,341 @ 7.0% cap · market cap 3.84%

Second Best

Industrial

$190.5K

$166.7K – $222.3K (±1% cap)

NOI $13,336 @ 7.0% cap · market cap 3.34%

Theoretical Best

Healthcare Medical

$644.4K

$563.9K – $751.8K (±1% cap)

NOI $45,108 @ 7.0% cap · market cap 11.31%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply Furniture & Home Goods Big Box & Wholesale Store Grocery & Convenience Store Nail Salon Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Demographics for 35967, AL

17,233

Population

7,825

Households

2.2

Avg Household Size

37

Median Age

16%

College-Educated

81%

High-School Grad

127.0 sq mi

ZIP Area

136

Density / Sq Mi

$48,125

Median Household Income

$32,051

Median Earnings

$678

Median Rent

$155,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial improvements with road and rail frontage support manufacturing, fabrication, and warehouse operations.

Where is this manufacturing property located?

The property is located at 64 Jeff Cook Drive Valley Head, AL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 4,000‑square‑foot industrial facility on 2.44 acres; Frontage on County Road 137 and Jeff Cook Drive; Railroad frontage supports industrial property access