Renovated Retail
For Sale
$329,900
1333 Gunter Avenue, Guntersville, AL 35976
Open commercial layout with rear storage, new HVAC units, and convenient loading access.
Property Size3,000 SF
Price / SF$109.97
Days on Market690
Property Features for 1333 Gunter Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial/Industrial
Listing Agency:
Capstone Realty
(256) 679-9435
Listed By:
Paul Schipansky · License #85493
(256) 679-9435
Source:
Exitrealty
Added: Oct 11, 2024
Changed: Aug 30
Last Checked: Aug 30 at 3:26PM
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 Capstone Realty
Investment Insights
Based on property information with market context.
This 3,000-square-foot retail space features a recently renovated interior and exterior, with an open floor plan that can accommodate a range of business configurations. Rear storage adds practical utility, while the 9-foot roll-up door supports shipping and receiving activity. New HVAC units are also in place.
The property is located at 1333 Gunter Avenue in Guntersville, Alabama, providing a city-based setting for a retail or business operation. Its combination of open area, back-of-building storage, and direct roll-up access creates a flexible commercial layout.
The property is located at 1333 Gunter Avenue in Guntersville, Alabama, providing a city-based setting for a retail or business operation. Its combination of open area, back-of-building storage, and direct roll-up access creates a flexible commercial layout.
Key Highlights
- 3,000 SF retail and business space
- Recently renovated and updated inside and out
- Open floor plan with flexible configuration
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
$19,138
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
5.80%
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%
$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
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
$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 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%
$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 5.80%
Second Best
Flex RnD
$246.0K
$215.3K – $287.0K
NOI $17,222 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open commercial layout with rear storage, new HVAC units, and convenient loading access.
Where is this retail space located?
The property is located at 1333 Gunter Avenue Guntersville, AL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 3,000 SF retail and business space; Recently renovated and updated inside and out; Open floor plan with flexible configuration
