Two-Building Industrial
1490 Gravel Ridge Road Somerville, AL 35670
1490 Gravel Ridge Road, Somerville, AL, 35670
$439,000
For Sale
$439,000
COMMERCIAL - Somerville, AL
Property Size3,440 SF
Lot Size2.50 Acres
Price / SF$127.62
Days on Market47
Property Features for 1490 Gravel Ridge Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 10 05 22 0 000 005.008
- Size
- 3,440 SF
- Lot size
- 2.50 Acres
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency
Coldwell Banker Mcmillan
(256) 340-0222
1906 Central Parkway SW, Decatur, AL
Listed by
Dianne Barrett · License #102849
(256) 303-2947
Added: Jun 4 Checked: Jul 20 at 5:06 pm
MLS# 21919914
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Investment Insights
Based on property information with market context.
The property is a business-ready industrial site on 2.5 acres featuring two metal buildings and a concrete loading pad. Building One totals 2,400 square feet and includes insulation, a concrete slab, a restroom, two commercial-grade roll-up doors, and an additional entry door. Building Two totals 1,040 square feet with a concrete slab, one commercial-grade roll-up door, and one entry door.
Access and yard space are supported by large frontage on three sides, with frontage lengths provided per the tax plat for Upper River Road, Gravel Ridge, and Curry Chapel. The layout is suited for vendor access and straightforward staging around the loading pad and multiple roll-up doors.
This configuration can support businesses needing multiple work areas or operators sharing a common yard while maintaining separate roll-up access points. The combination of insulated space in Building One, restroom service, and commercial-grade door availability makes the site practical for a range of light industrial and warehouse-style uses, with room for growth on the existing acreage.
Access and yard space are supported by large frontage on three sides, with frontage lengths provided per the tax plat for Upper River Road, Gravel Ridge, and Curry Chapel. The layout is suited for vendor access and straightforward staging around the loading pad and multiple roll-up doors.
This configuration can support businesses needing multiple work areas or operators sharing a common yard while maintaining separate roll-up access points. The combination of insulated space in Building One, restroom service, and commercial-grade door availability makes the site practical for a range of light industrial and warehouse-style uses, with room for growth on the existing acreage.
Key Highlights
- Business‑ready 2.5‑acre property with two metal buildings and a concrete loading pad
- Building One: 2,400 SF insulated metal building on a concrete slab with restroom and 2 commercial‑grade roll up doors plus entry door
- Building Two: 1,040 SF metal building with concrete slab, 1 commercial‑grade roll up door, and entry door
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $7.44 |
| − Vacancy | −$1.7k | −$0.51 |
| EGI | $23.9k | $6.93 |
| − OpEx | −$3.6k | −$1.04 |
| NOI | $20.3k | $5.89 |
3,440 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$250.9K
$219.5K – $292.7K
NOI $17,562 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$715.7K
$626.2K – $835.0K
NOI $50,097 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Business-ready industrial site with two metal buildings, insulated space, and concrete loading pad for flexible operations.
Where is this warehouse located?
The property is located at 1490 Gravel Ridge Road Somerville, AL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Business‑ready 2.5‑acre property with two metal buildings and a concrete loading pad; Building One: 2,400 SF insulated metal building on a concrete slab with restroom and 2 commercial‑grade roll up doors plus entry door; Building Two: 1,040 SF metal building with concrete slab, 1 commercial‑grade roll up door, and entry door
