Industrial Property in Guntersville
185 Grimes Drive Guntersville, AL 35976
185 Grimes Drive, Guntersville, AL, 35976
$1,995,000
For Sale
$1,995,000
15,000 SF commercial property on 2.3 acres.
Property Size15,000 SF
Lot Size2.30 Acres
Price / SF$133
Days on Market244
Property Features for 185 Grimes Drive
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 2.30 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1981
Listing Agency
Re/Max Guntersville
(256) 558-0040
Listed by
Leamon Yarbrough · License #76781
(256) 558-0040
Source
Exitrealty
Added: Nov 15, 2025 Checked: Jul 16 at 6:10 am
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 Re/Max Guntersville
Investment Insights
Based on property information with market context.
This commercial property, available for sale or lease, is located within Guntersville Industrial Park. The building encompasses approximately 15,000 square feet and is situated on approximately 2.3 acres. The property features four front offices, three bathrooms, four high bay doors, and a loading dock. It is equipped with a membrane roof and a sprinkler system. The building is plumbed for compressed air and includes multiple 220V/360V/480V single and 3-phase drops. The entire building is heated and cooled.
Key Highlights
- Owner financing available
- +/-15,000SF under roof on +/-2.3 acres inside Guntersville Industrial Park
- Features 4 high bay doors and loading dock
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 | $81.0k | $5.40 |
| − Vacancy | −$4.9k | −$0.32 |
| EGI | $76.1k | $5.08 |
| − OpEx | −$11.4k | −$0.76 |
| NOI | $64.7k | $4.31 |
15,000 SF · lease $5.40/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$924.6K
$809.0K – $1.08M
NOI $64,719 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$850.5K
$744.2K – $992.3K
NOI $59,535 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,627 @ 7.0% cap · market cap 11.36%
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
Similar Off Market Nearby
- Wayne Rice Mini Storage — Guntersville, AL 35976
FAQs
What type of property is this?
Warehouse - 15,000 SF commercial property on 2.3 acres.
Where is this warehouse located?
The property is located at 185 Grimes Drive Guntersville, AL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Owner financing available; +/-15,000SF under roof on +/-2.3 acres inside Guntersville Industrial Park; Features 4 high bay doors and loading dock
