Flex Property With Warehouse
For Sale
$975,000
10428 Al Hwy 69, Arab, AL 35016
Two-building commercial property combines office, showroom, and warehouse functionality.
Property Size15,800 SF
Lot Size3.90 Acres
Price / SF$61.71
Days on Market170
Property Features for 10428 Al Hwy 69
General Information
Standard status
Active
Size
15,800 SF
Lot size
3.90 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
12,600 SF
Building Details
Building Size
15,800 SF
Year Built
2012
Buildings
2
Listing Agency:
Bh&G Southern Premiere Agency
(256) 586-7450
Listed By:
Dianne Prestridge · License #55911
(256) 586-7450
Source:
Alabamaland
Added: Feb 11
Changed: Jul 31
Last Checked: Jul 31 at 8:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bh&G Southern Premiere Agency
Investment Insights
Based on property information with market context.
This 15,800-square-foot flex property on 3.9 acres includes a 3,200-square-foot front building and a separate 12,600-square-foot warehouse. The front building features a 60-by-30 reception area and showroom, several offices, a kitchen, storage rooms, two baths, and an attached 38-by-20 workroom with tall ceilings and bay doors. The warehouse includes a half bath and bay doors at each end.
Built in 2012, the property is located on AL Hwy 69 near Arab, with Huntsville and Guntersville also identified in the surrounding area. The two-building configuration provides a combination of showroom, office, workroom, and warehouse areas within one commercial property.
Built in 2012, the property is located on AL Hwy 69 near Arab, with Huntsville and Guntersville also identified in the surrounding area. The two-building configuration provides a combination of showroom, office, workroom, and warehouse areas within one commercial property.
Key Highlights
- 3.9‑acre flex property with 15,800 square feet across two buildings
- Front building includes a 60x30 reception area/showroom and several offices
- Attached 38x20 workroom features tall ceilings and bay doors
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 | $85.3k | $5.40 |
| − Vacancy | −$5.1k | −$0.32 |
| EGI | $80.2k | $5.08 |
| − OpEx | −$12.0k | −$0.76 |
| NOI | $68.2k | $4.31 |
15,800 SF · lease $5.40/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.54M
$2.23M – $2.97M
NOI $178,106 @ 7.0% cap · market cap 18.27%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,794 @ 7.0% cap · market cap 10.34%
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,714 @ 7.0% cap · market cap 24.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35016, AL
17,495
Population
7,372
Households
2.4
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
79.0 sq mi
ZIP Area
221
Density / Sq Mi
$60,910
Median Household Income
$36,939
Median Earnings
$758
Median Rent
$192,900
Median Home Value
Market
Vacancy Rate% for Office 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 - Two-building commercial property combines office, showroom, and warehouse functionality.
Where is this flex space located?
The property is located at 10428 Al Hwy 69 Arab, AL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3.9‑acre flex property with 15,800 square feet across two buildings; Front building includes a 60x30 reception area/showroom and several offices; Attached 38x20 workroom features tall ceilings and bay doors
