Updated Flex Building with Roll
For Sale
$234,900
12179 Al Hwy 168, Boaz, AL 35957
Business Opportunity, Boaz, AL
Property Size3,000 SF
Lot Size0.43 Acres
Price / SF$78.30
Days on Market140
Property Features for 12179 Al Hwy 168
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Subdivision
Metes And Bounds
Directions
Hwy 168 Property On Left
Standard status
Active
Size
3,000 SF
Lot size
0.43 Acres
Utilities
Water source
Public
Amenities
Offices
New Roll Doors
Floor Drains
Paint Booth
Bathroom
Storage Bays
LED Lighting
Landscaping
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Jeff Overstreet · License #64243
(256) 302-7722
Added: May 28
Changed: Sep 30
Last Checked: Oct 14 at 5:06AM
MLS# 21916470
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Investment Insights
Based on property information with market context.
This 3,000-square-foot flex building occupies a 0.43-acre parcel and combines office, service, storage, and production areas. The layout includes multiple bays with floor drains, a paint booth, storage bays, a bathroom, and new roll doors. Concrete flooring, a metal roof, public water, and large asphalt parking areas are also provided.
Recent improvements include LED lighting, ceilings, interior paint, select electrical work, landscaping, and added gravel. The property fronts AL Hwy 168 and is configured for commercial applications including retail or wholesale operations, detailing, body work, welding, and restoration.
Recent improvements include LED lighting, ceilings, interior paint, select electrical work, landscaping, and added gravel. The property fronts AL Hwy 168 and is configured for commercial applications including retail or wholesale operations, detailing, body work, welding, and restoration.
Key Highlights
- 3,000 SF flex building on 0.43 acres
- Frontage along AL Hwy 168
- Multiple bays with floor drains and new roll doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,138
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,760
$382.8K
Cap Rate 7%
$273,400
$273.4K
Cap Rate 9%
$212,644
$212.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$29.9K $9.96/SF
− Vacancy
−$2.5K −$0.85/SF
EGI
$27.3K $9.11/SF
− OpEx
−$8.2K −$2.73/SF
NOI
$19.1K $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 Rate 5%
$382,760
Cap Rate 7%
$273,400
Cap Rate 9%
$212,644
Alternative Uses
Best Use
Retail
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 8.15%
Second Best
Flex RnD
$246.0K
$215.3K – $287.0K
NOI $17,222 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35957, AL
16,849
Population
6,755
Households
2.5
Avg Household Size
36
Median Age
13%
College-Educated
85%
High-School Grad
78.3 sq mi
ZIP Area
215
Density / Sq Mi
$53,859
Median Household Income
$35,277
Median Earnings
$679
Median Rent
$142,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Highway-fronted commercial facility with multiple work areas, offices, storage, and substantial paved parking.
Where is this flex space located?
The property is located at 12179 Al Hwy 168 Boaz, AL.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 3,000 SF flex building on 0.43 acres; Frontage along AL Hwy 168; Multiple bays with floor drains and new roll doors
