Warehouse and Manufacturing
For Sale
$1,800,000
1250 Warehouse Row W, Fort Payne, AL
Warehouse and manufacturing facility with remodeled reception/office space and 6 loading docks plus two drive-in doors.
Property Size30,000 SF
Lot Size10.20 Acres
Price / SF$60
Days on Market136
Property Features for 1250 Warehouse Row W
General Information
Standard status
Active
Size
30,000 SF
Lot size
10.20 Acres
Property subtype
Business Opportunity
Warehouse & Industrial
Dock-High Doors
6
Drive-In Doors
2
Additional Details
Utilities to Site
Yes
Listing Agency:
Southern Properties Agency Inc
(256) 996-5911
Listed By:
Glenn Horton · License #071124
(256) 996-5911
Source:
Exprealty
Added: Apr 17
Changed: Aug 24
Last Checked: Aug 29 at 11:39AM
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 Southern Properties Agency Inc
Investment Insights
Based on property information with market context.
This warehouse and manufacturing facility includes a freshly remodeled reception and office area with seven private offices and three bathrooms. The building is designed for efficient shipping and receiving, featuring six loading docks and two drive-in doors.
Located just off Airport Road in Fort Payne at 1250 Warehouse Row, the property sits on 10.2 acres with city utilities available. The acreage provides room for outdoor storage, equipment, parking, or future expansion.
With its office buildout and loading capacity, the facility is well suited for industrial uses requiring direct dock access and flexible space to support operations.
Located just off Airport Road in Fort Payne at 1250 Warehouse Row, the property sits on 10.2 acres with city utilities available. The acreage provides room for outdoor storage, equipment, parking, or future expansion.
With its office buildout and loading capacity, the facility is well suited for industrial uses requiring direct dock access and flexible space to support operations.
Key Highlights
- 30,000 SF warehouse/manufacturing facility just off Airport Road in Fort Payne
- 6 loading docks plus 2 drive‑in doors for shipping and receiving
- Remodeled reception and office area with 7 private offices and 3 bathrooms
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
6.39%
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 6.39%
Second Best
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,019 @ 7.0% cap · market cap 5.56%
Theoretical Best
Healthcare Medical
$4.83M
$4.23M – $5.64M
NOI $338,310 @ 7.0% cap · market cap 18.80%
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
541
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wilson Storage — Godfrey Ave NE, Fort Payne, AL 35967
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and manufacturing facility with remodeled reception/office space and 6 loading docks plus two drive-in doors.
Where is this warehouse located?
The property is located at 1250 Warehouse Row W Fort Payne, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 30,000 SF warehouse/manufacturing facility just off Airport Road in Fort Payne; 6 loading docks plus 2 drive‑in doors for shipping and receiving; Remodeled reception and office area with 7 private offices and 3 bathrooms
