Industrial Warehouse with Loading
For Sale
$1,995,000
185 Grimes Drive, Guntersville, AL 35976
The building includes office space, climate control, sprinkler protection, and multiple electrical service options.
Property Size15,000 SF
Lot Size2.30 Acres
Price / SF$133
Days on Market349
Property Features for 185 Grimes Drive
General Information
Standard status
Active
Size
15,000 SF
Lot size
2.30 Acres
Property subtype
COMMERCIAL
Warehouse & Industrial
Dock-High Doors
1
Three-Phase Power
Yes
Sprinkler System
Yes
Conditioned Warehouse
Yes
Additional Details
Property Use
Commercial
Building Details
Building Size
15,000 SF
Year Built
1981
Listing Agency:
Re/Max Guntersville
Listed By:
Leamon Yarbrough · License #76781
(256) 582-1373
Source:
Intownpartners
Added: Nov 14, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Guntersville Industrial Park, this industrial property contains approximately 15,000 SF under roof on approximately 2.3 acres. The building dates to 1981 and includes four front offices and three bathrooms, along with four high-bay doors and a loading dock. A membrane roof and sprinkler system are installed, and the building is heated and cooled throughout.
The facility is plumbed for compressed air and has single- and three-phase electrical drops at 220V, 360V, and 480V. These features provide a range of existing building services within the industrial park setting.
The facility is plumbed for compressed air and has single- and three-phase electrical drops at 220V, 360V, and 480V. These features provide a range of existing building services within the industrial park setting.
Key Highlights
- Approximately 15,000 SF under roof on approximately 2.3 acres
- Four high‑bay doors and a loading dock
- Four front offices and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,719
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,380
$1.3M
Cap Rate 7%
$924,557
$924.6K
Cap Rate 9%
$719,100
$719.1K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$81.0K $5.40/SF
− Vacancy
−$4.9K −$0.32/SF
EGI
$76.1K $5.08/SF
− OpEx
−$11.4K −$0.76/SF
NOI
$64.7K $4.31/SF
Area
Marshall County, AL
Vacancy
6.00%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,380
Cap Rate 7%
$924,557
Cap Rate 9%
$719,100
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 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
1
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35976, AL
16,787
Population
7,472
Households
2.2
Avg Household Size
47
Median Age
31%
College-Educated
88%
High-School Grad
127.6 sq mi
ZIP Area
132
Density / Sq Mi
$72,579
Median Household Income
$39,354
Median Earnings
$792
Median Rent
$254,700
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
- Wayne Rice Mini Storage — Guntersville, AL 35976
Frequently Asked Questions
What type of property is this?
Warehouse - The building includes office space, climate control, sprinkler protection, and multiple electrical service options.
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: Approximately 15,000 SF under roof on approximately 2.3 acres; Four high‑bay doors and a loading dock; Four front offices and three bathrooms
