Industrial Building Near Highway
16097 Parker Road Athens, AL 35611
For Sale
$419,900
5200 sq ft industrial building with fenced lot.
Property Size5,200 SF
Price / SF$80.75
Days on Market168
Property Features for 16097 Parker Road
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Commercial/Industrial
Listing Agency:
Smith Realty & Auction
(256) 497-6689
Listed By:
Cody Smith · License #110514
(256) 497-6689
Source:
Exitrealty
Added: Feb 12
Changed: Jul 10
Last Checked: Jul 30 at 5:14AM
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 Smith Realty & Auction
Investment Insights
Based on property information with market context.
This is a 5200 sq. ft. red iron building featuring a 20'x40' covered area at the front. The property includes a fenced lot and a paved parking area. Inside, there is a 20'x20' office area, along with two large bay doors and upstairs storage areas. The building is located one block from Highway 72, offering convenient access.
Key Highlights
- 5200 sq. ft. red iron building
- Conveniently located one block from Hwy 72
- Fenced lot with paved parking area
Financial Insights For Industrial
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 | $31.2k | $6.00 |
| − Vacancy | −$1.7k | −$0.33 |
| EGI | $29.5k | $5.67 |
| − OpEx | −$8.8k | −$1.70 |
| NOI | $20.6k | $3.97 |
5,200 SF · lease $6.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$294.8K
$258.0K – $344.0K
NOI $20,639 @ 7.0% cap · market cap 4.92%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - 5200 sq ft industrial building with fenced lot.
Where is this industrial property 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: 5200 sq. ft. red iron building; Conveniently located one block from Hwy 72; Fenced lot with paved parking area
