Warehouse with Covered Front
16097 PARKER ROAD, Athens, AL 35611
For Sale
$419,900
Commercial Sale, ATHENS, AL
Property Size5,200 SF
Lot Size0.55 Acres
Price / SF$80.75
Days on Market274
Property Features for 16097 PARKER ROAD
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Utilities
Water source
Building Details
Floors in Building
Flooring type
Buildings
Listing Agency:
Smith Realty & Auction
(256) 444-0502
Listed By:
Cody Smith · License AL #110514
(256) 497-6689
Added: Feb 11
Changed: Oct 29
Last Checked: Nov 11 at 1:06PM
MLS# 21909635
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 5,200-square-foot warehouse is a red iron building with a 20-by-40-foot covered area at the front. Inside, a 20-by-20-foot office sits alongside two large bay doors, with additional storage upstairs. Concrete flooring and one bathroom are also listed among the building features.
The property occupies 0.55 acres and has a fenced lot with paved parking. It is one block from Hwy 72.
The property occupies 0.55 acres and has a fenced lot with paved parking. It is one block from Hwy 72.
Key Highlights
- 5,200‑square‑foot red iron warehouse
- 20‑by‑40‑foot covered area at the building’s front
- 20‑by‑20‑foot office, two large bay doors, and upstairs storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,147
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,940
$522.9K
Cap Rate 7%
$373,529
$373.5K
Cap Rate 9%
$290,522
$290.5K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$32.4K $6.24/SF
− Vacancy
−$1.7K −$0.32/SF
EGI
$30.8K $5.92/SF
− OpEx
−$4.6K −$0.89/SF
NOI
$26.1K $5.03/SF
Area
Limestone County, AL
Vacancy
5.20%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,940
Cap Rate 7%
$373,529
Cap Rate 9%
$290,522
Alternative Uses
Best Use
Warehouse
$373.5K
$326.8K – $435.8K
NOI $26,147 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,786 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35611, AL
27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Elmore Storage, LLC (Hwy 72) — 12285 US-72, Athens, AL 35611
Frequently Asked Questions
What type of property is this?
Warehouse - A fenced parcel includes paved parking and a dedicated office within the building.
Where is this warehouse located?
The property is located at 16097 PARKER ROAD Athens, AL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 5,200‑square‑foot red iron warehouse; 20‑by‑40‑foot covered area at the building’s front; 20‑by‑20‑foot office, two large bay doors, and upstairs storage
