Industrial Flex Warehouse
185 Grimes Drive Guntersville, AL 35976
For Sale
$1,995,000
COMMERCIAL - Guntersville, AL
Property Size15,000 SF
Lot Size2.34 Acres
Price / SF$133
Days on Market257
Property Features for 185 Grimes Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Standard status
Active
APN
1507250000008.005
Size
15,000 SF
Lot size
2.34 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Concrete
Roof type
Membrane
Listing Agency:
Re/Max Guntersville
(256) 582-5585
Listed By:
Leamon Yarbrough · License #76781
(256) 558-0040
Added: Nov 14, 2025
Changed: Jul 28
Last Checked: Jul 29 at 7:06PM
MLS# 21903866
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.
Investment Insights
Based on property information with market context.
This industrial flex warehouse facility offers approximately 15,000 square feet under roof on roughly 2.3 acres. The building includes four front offices, three bathrooms, a sprinkler system, and a membrane roof. Loading is supported by four high bay doors and a loading dock.
The interior is described as fully heated and cooled, and the property is plumbed for compressed air. Electrical service is detailed as multiple 220V/360V/480V single- and three-phase drops.
The property is located within Guntersville Industrial Park. Owner financing is available.
The interior is described as fully heated and cooled, and the property is plumbed for compressed air. Electrical service is detailed as multiple 220V/360V/480V single- and three-phase drops.
The property is located within Guntersville Industrial Park. Owner financing is available.
Key Highlights
- +/-15,000 SF commercial building under roof on +/-2.3 acres in Guntersville Industrial Park
- Includes 4 front offices and 3 bathrooms
- Shop/warehouse setup with 4 high bay doors and a loading dock
Financial Insights For Flex RnD
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 | $144.0k | $9.60 |
| − Vacancy | −$11.5k | −$0.77 |
| EGI | $132.5k | $8.83 |
| − OpEx | −$46.4k | −$3.09 |
| NOI | $86.1k | $5.74 |
15,000 SF · lease $9.60/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,112 @ 7.0% cap · market cap 4.32%
Second Best
Warehouse
$924.6K
$809.0K – $1.08M
NOI $64,719 @ 7.0% cap · market cap 3.24%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Heated and cooled warehouse with front offices, multiple high bay doors, loading dock, and sprinklered interior.
Where is this flex space 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: +/-15,000 SF commercial building under roof on +/-2.3 acres in Guntersville Industrial Park; Includes 4 front offices and 3 bathrooms; Shop/warehouse setup with 4 high bay doors and a loading dock
