Industrial Warehouse with Loading
185 GRIMES DRIVE, Guntersville, AL 35976
For Sale
$1,995,000
Commercial Sale, GUNTERSVILLE, AL
Property Size15,000 SF
Lot Size2.34 Acres
Price / SF$133
Days on Market363
Property Features for 185 GRIMES DRIVE
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Re/Max Guntersville
(256) 582-5585
Listed By:
Leamon Yarbrough · License AL #76781
(256) 558-0040
Added: Nov 14, 2025
Changed: Nov 4
Last Checked: Nov 11 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
Set within Guntersville Industrial Park, this 15,000-square-foot warehouse sits on 2.34 acres. The building includes four front offices and three bathrooms, with concrete flooring and block and concrete construction. A membrane roof and sprinkler system are also in place.
Four high-bay doors and a loading dock support loading and building access. The facility is plumbed for compressed air and has single- and three-phase power drops at 220V, 360V, and 480V. Natural gas heating and central air serve the entire building.
Four high-bay doors and a loading dock support loading and building access. The facility is plumbed for compressed air and has single- and three-phase power drops at 220V, 360V, and 480V. Natural gas heating and central air serve the entire building.
Key Highlights
- 15,000 square feet on 2.34 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
—
—
no second resolved use
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
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
239
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
$254,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Marshall County, AL
Properties on Market for Warehouses in Marshall County
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 combines office space and climate control with high-bay access and industrial power connections.
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: 15,000 square feet on 2.34 acres; Four high‑bay doors and a loading dock; Four front offices and three bathrooms
