Highway-Facing Retail
For Sale
$599,000
2011 Gunter Avenue, Guntersville, AL 35976
On-site parking accompanies the retail space, which sits directly on a major highway.
Property Size3,000 SF
Price / SF$199.67
Days on Market189
Property Features for 2011 Gunter Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
COMMERCIAL
Additional Details
Highway Access
Yes
Amenities
on-site parking
Building Details
Building Size
3,000 SF
Year Built
1965
Listing Agency:
Mountain Lakes Real Estate,LLC
Listed By:
Lief Thornton · License #74369
(256) 572-1805
Source:
Intownpartners
Added: Apr 24
Changed: Oct 27
Last Checked: Oct 27 at 3:38AM
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 Mountain Lakes Real Estate,LLC
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.
This 3,000-square-foot retail property was built in 1965 and includes on-site parking. Its position directly on Hwy 431 places it among established businesses, with a reported traffic count of more than 30,000 vehicles per day.
Key Highlights
- 3,000 square feet of retail space
- Built in 1965
- Directly on Hwy 431
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,138
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,760
$382.8K
Cap Rate 7%
$273,400
$273.4K
Cap Rate 9%
$212,644
$212.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$29.9K $9.96/SF
− Vacancy
−$2.5K −$0.85/SF
EGI
$27.3K $9.11/SF
− OpEx
−$8.2K −$2.73/SF
NOI
$19.1K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,760
Cap Rate 7%
$273,400
Cap Rate 9%
$212,644
Alternative Uses
Best Use
Retail
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 7.57%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Groceries 25%
Shops & Services 13%
Publix
Groceries
34,105 visits/mo
0.3 miles
McDonald's
Dining
29,173 visits/mo
0.4 miles
Wendy's
Dining
15,696 visits/mo
0.4 miles
Taco Bell
Dining
10,738 visits/mo
0.4 miles
Burger King
Dining
9,272 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - On-site parking accompanies the retail space, which sits directly on a major highway.
Where is this retail space located?
The property is located at 2011 Gunter Avenue Guntersville, AL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,000 square feet of retail space; Built in 1965; Directly on Hwy 431
