Manufacturing Facility with Loading
For Sale
$1,775,000
1250 Warehouse Drive, Fort Payne, AL 35968
Business Opportunity, Fort Payne, AL
Property Size30,000 SF
Lot Size10.22 Acres
Price / SF$59.17
Days on Market41
Property Features for 1250 Warehouse Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Subdivision
Metes And Bounds
Directions
Travel N On Gault Avenue Cross 1-59 Bridge And Take A Left At Light Onto Airport Rd, Go Past Airport Then Take Left Onto Russell Drive, Right Onto Everett Drive Then Left Onto Warehouse Row. Property At The End.
Standard status
Active
APN
2303061001003.000
Size
30,000 SF
Lot size
10.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Southern Properties Agency Inc
(256) 845-6000
Listed By:
Glenn Horton · License #071124
(256) 996-5911
Added: Jul 15
Changed: Aug 21
Last Checked: Aug 24 at 12:06AM
MLS# 21915500
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 30,000-square-foot manufacturing facility includes a recently remodeled reception and office area, seven private offices, and three bathrooms. The building was constructed in 2001 and features concrete flooring, a metal roof, and natural gas heating. Six loading docks and two drive-in doors support shipping, receiving, and industrial operations.
The property encompasses 10.22 acres with public water and public sewer service. The additional land provides space for outdoor storage, equipment, parking, or future expansion. Located on Warehouse Drive in Fort Payne, Alabama, the facility is positioned just off Airport Road and is suited to manufacturing, distribution, warehouse, and other industrial uses.
The property encompasses 10.22 acres with public water and public sewer service. The additional land provides space for outdoor storage, equipment, parking, or future expansion. Located on Warehouse Drive in Fort Payne, Alabama, the facility is positioned just off Airport Road and is suited to manufacturing, distribution, warehouse, and other industrial uses.
Key Highlights
- 30,000‑square‑foot manufacturing and warehouse facility
- 10.22‑acre property with room for outdoor storage, equipment, parking, or expansion
- Six loading docks and two drive‑in doors
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
$115,056
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
6.48%
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%
$2,301,120
$2.3M
Cap Rate 7%
$1,643,657
$1.6M
Cap Rate 9%
$1,278,400
$1.3M
Market Conditions
NOI Build-Up for 30,000 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
$144.0K $4.80/SF
− Vacancy
−$8.6K −$0.29/SF
EGI
$135.4K $4.51/SF
− OpEx
−$20.3K −$0.68/SF
NOI
$115.1K $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%
$2,301,120
Cap Rate 7%
$1,643,657
Cap Rate 9%
$1,278,400
Alternative Uses
Best Use
Warehouse
$1.64M
$1.44M – $1.92M
NOI $115,056 @ 7.0% cap · market cap 6.48%
Second Best
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,019 @ 7.0% cap · market cap 5.63%
Theoretical Best
Healthcare Medical
$4.83M
$4.23M – $5.64M
NOI $338,310 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Dock-high doors
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 35968, AL
5,115
Population
1,968
Households
2.6
Avg Household Size
42
Median Age
12%
College-Educated
82%
High-School Grad
63.6 sq mi
ZIP Area
80
Density / Sq Mi
$44,902
Median Household Income
$32,292
Median Earnings
$679
Median Rent
$116,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Manufacturing property - Well-maintained industrial facility with remodeled offices, multiple shipping doors, and expansion area on a sizable tract.
Where is this manufacturing property located?
The property is located at 1250 Warehouse Drive Fort Payne, AL.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 30,000‑square‑foot manufacturing and warehouse facility; 10.22‑acre property with room for outdoor storage, equipment, parking, or expansion; Six loading docks and two drive‑in doors
