Building Details

Building Size 5,300 SF

Year Built 1995

Buildings 1

Stories 1

Listing Agency: Samples Properties

Listed By: Alex Samples Show Phone

Source: Samplesproperties

Added: Sep 2 Last Checked: Sep 2 at 1:12PM

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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 Samples Properties

Investment Insights

Based on property information with market context.

This approximately 5,300-square-foot warehouse occupies an approximately 1-acre site in Brownsboro. The single-story building provides 17-foot clear height, two grade-level drive-in doors, air conditioning, and electric heat. The configuration supports warehouse and storage operations with direct vehicle access at the building.

The property is located at 138 Lawler Drive in Brownsboro, Alabama, and is county-zoned. On-site parking is available at a 1.5/1,000 SF parking ratio, adding practical support for building users and visitors.

Key Highlights

• Approximately 5,300 SF of warehouse space
• Approximately 1‑acre site in Brownsboro
• 17‑foot clear ceiling height

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

$27,043

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

4.92%

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%

$540,860 $540.9K

Cap Rate 7%

$386,329 $386.3K

Cap Rate 9%

$300,478 $300.5K

Market Conditions

NOI Build-Up for 5,300 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

$33.1K $6.24/SF

− Vacancy

−$1.3K −$0.24/SF

EGI

$31.8K $6.00/SF

− OpEx

−$4.8K −$0.90/SF

NOI

$27.0K $5.10/SF

Area

Madison County, AL

Vacancy

3.80%

Lease Rate

$6.24 /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%

$540,860

Cap Rate 7%

$386,329

Cap Rate 9%

$300,478

Alternative Uses

Best Use

Flex RnD

$815.0K

$713.1K – $950.8K (±1% cap)

NOI $57,049 @ 7.0% cap · market cap 10.37%

Second Best

Warehouse

$386.3K

$338.0K – $450.7K (±1% cap)

NOI $27,043 @ 7.0% cap · market cap 4.92%

Theoretical Best

Office A

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,608 @ 7.0% cap · market cap 17.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Starz Elite Gym & Fitness Center Boschma Research Inc Engineer

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Bakery Electrical Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17 ft

Clear height

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35741, AL

3,529

Population

1,928

Households

1.8

Avg Household Size

46

Median Age

66%

College-Educated

94%

High-School Grad

24.5 sq mi

ZIP Area

144

Density / Sq Mi

$93,750

Median Household Income

$66,310

Median Earnings

$1,308

Median Rent

$293,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Warehouse - Single-story warehouse with climate control, grade-level loading, and on-site parking in Brownsboro.

Where is this warehouse located?

The property is located at 138 Lawler Dr Brownsboro, AL.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Approximately 5,300 SF of warehouse space; Approximately 1‑acre site in Brownsboro; 17‑foot clear ceiling height