Flex Building With Garage
For Sale
$429,900
18710 Jefferson Street, Athens, AL 35614
COMMERCIAL - Athens, AL
Property Size3,200 SF
Lot Size1.60 Acres
Price / SF$134.34
Days on Market40
Property Features for 18710 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Driveway
Lot features
High Visibility
Directions
Traveling North On Jefferson St From Athens Square, Cross Elm St And Travel 0.7 Miles, Property On The Right.
Standard status
Active
APN
0709321000016000
Size
3,200 SF
Lot size
1.60 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Troy Elmore Realty & Auction
(256) 232-9604
Listed By:
Logan Elmore · License #88466
(256) 777-4993
Added: Jul 3
Changed: Aug 4
Last Checked: Aug 11 at 7:06PM
MLS# 21913088
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 3,200-square-foot flex property occupies 1.6 acres and combines commercial building space with three garage bays. Two bays measure 12 by 12 feet, while the third measures 10 by 12 feet. The building has concrete flooring, a metal roof, and one bathroom. Its configuration is suited to warehouse storage, office space, or workshop operations, with additional room on the site for expansion.
The property is located at 18710 Jefferson Street in Athens, Alabama, approximately 0.7 miles from downtown Athens. It carries light-industrial zoning and includes driveway parking. Public water and a septic tank serve the property, providing core utility infrastructure for a range of commercial applications.
The property is located at 18710 Jefferson Street in Athens, Alabama, approximately 0.7 miles from downtown Athens. It carries light-industrial zoning and includes driveway parking. Public water and a septic tank serve the property, providing core utility infrastructure for a range of commercial applications.
Key Highlights
- 3,200 square feet on 1.6 acres
- Three garage bays: two measuring 12x12 feet and one measuring 10x12 feet
- Light‑industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,445
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,900
$688.9K
Cap Rate 7%
$492,071
$492.1K
Cap Rate 9%
$382,722
$382.7K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$57.6K $18.00/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$53.0K $16.56/SF
− OpEx
−$18.5K −$5.80/SF
NOI
$34.4K $10.76/SF
Area
Limestone County, AL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,900
Cap Rate 7%
$492,071
Cap Rate 9%
$382,722
Alternative Uses
Best Use
Flex RnD
$492.1K
$430.6K – $574.1K
NOI $34,445 @ 7.0% cap · market cap 8.01%
Second Best
Warehouse
$229.9K
$201.1K – $268.2K
NOI $16,090 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$833.3K
$729.1K – $972.2K
NOI $58,330 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35614, AL
7,788
Population
3,129
Households
2.5
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
64.5 sq mi
ZIP Area
121
Density / Sq Mi
$57,296
Median Household Income
$43,112
Median Earnings
$1,022
Median Rent
$178,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial zoning accommodates warehouse storage, office, and workshop functions.
Where is this flex space located?
The property is located at 18710 Jefferson Street Athens, AL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 3,200 square feet on 1.6 acres; Three garage bays: two measuring 12x12 feet and one measuring 10x12 feet; Light‑industrial zoning
