Renovated Two-Building Flex
For Sale
$3,700,000
114 Bright Rd, Guntersville, AL 35976
Fully leased industrial asset with climate-controlled buildings and established manufacturing occupancy.
Property Size37,600 SF
Price / SF$98.40
Days on Market49
Property Features for 114 Bright Rd
General Information
Standard status
Active
Size
37,600 SF
Property subtype
Office Warehouse
Occupancy
100%
Net Operating Income
$315,143
Financials
Asking Price
$3,700,000
Cap Rate
8.52%
Gross Income
$348,000
Additional Details
Conditioned Warehouse
Yes
Amenities
37,600 SF of recently renovated flex/industrial space with 100% occupancy
Approximately $950,000 of recent capital improvements, with roughly half tenant funded
Both buildings fully heated and cooled
Proximity to the Huntsville/North Alabama industrial and manufacturing corridor
Building Details
Building Size
37,600 SF
Year Built
2003
Buildings
2
Tenancy
Single
Listing Agency:
Birmingham Office
Listed By:
Brian Higdon · License #License(s): AL: 000120340
(205) 510-9127
Source:
Marcusmillichap
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 5:57AM
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 Birmingham Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-building flex property in Guntersville comprises 37,600 square feet and was built in 2003. Both buildings are fully heated and cooled, supporting a range of industrial and manufacturing functions. The property has undergone substantial capital improvements, including work funded in part by the occupying tenant, JST Corporation, which leases 100% of the space.
The site is located at 114 Bright Road in Guntersville, approximately 30–45 minutes southeast of Huntsville. That positioning provides access to the Huntsville metropolitan area while placing the asset within North Alabama’s broader manufacturing, automotive, aerospace, and technology-oriented industrial market.
The property produces current annual rental income and is reported at an 8.52% going-in capitalization rate. JST’s announced expansion at Conners Island Business Park further supports the tenant’s continuing presence in the North Alabama region.
The site is located at 114 Bright Road in Guntersville, approximately 30–45 minutes southeast of Huntsville. That positioning provides access to the Huntsville metropolitan area while placing the asset within North Alabama’s broader manufacturing, automotive, aerospace, and technology-oriented industrial market.
The property produces current annual rental income and is reported at an 8.52% going-in capitalization rate. JST’s announced expansion at Conners Island Business Park further supports the tenant’s continuing presence in the North Alabama region.
Key Highlights
- 37,600‑square‑foot flex/industrial property across two buildings
- 100% leased to JST Corporation
- Both buildings are fully heated and cooled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,854
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,317,080
$4.3M
Cap Rate 7%
$3,083,629
$3.1M
Cap Rate 9%
$2,398,378
$2.4M
Market Conditions
NOI Build-Up for 37,600 SF
Gross rent
$361.0K $9.60/SF
− Vacancy
−$28.9K −$0.77/SF
EGI
$332.1K $8.83/SF
− OpEx
−$116.2K −$3.09/SF
NOI
$215.9K $5.74/SF
Area
Marshall County, AL
Vacancy
8.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,317,080
Cap Rate 7%
$3,083,629
Cap Rate 9%
$2,398,378
Alternative Uses
Best Use
Flex RnD
$3.08M
$2.70M – $3.60M
NOI $215,854 @ 7.0% cap · market cap 5.83%
Second Best
Warehouse
$2.32M
$2.03M – $2.70M
NOI $162,229 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$8.12M
$7.10M – $9.47M
NOI $568,079 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased industrial asset with climate-controlled buildings and established manufacturing occupancy.
Where is this flex space located?
The property is located at 114 Bright Rd Guntersville, AL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 37,600‑square‑foot flex/industrial property across two buildings; 100% leased to JST Corporation; Both buildings are fully heated and cooled
