Industrial Warehouse with Overhead
For Sale
$725,000
Pending
25914 WALTER LEE DRIVE, Athens, AL 35613
Commercial Sale, ATHENS, AL
Property Size6,000 SF
Lot Size0.38 Acres
Days on Market113
Property Features for 25914 WALTER LEE DRIVE
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Garage, Parking Lot
Exterior features
Lighting
Directions
HWY 72 E from I65 in Athens to Newby Rd. South on Newby Rd. to Walter Lee Drive.
Standard status
Pending
APN
09 04 20 0 002 021.000
Size
6,000 SF
Lot size
0.38 Acres
Additional Details
Property Use
Warehouse
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Wood
Roof type
Metal
Buildings
1
Listing Agency:
Newton Realty · Realty ONE Group
(256) 434-8400
Listed By:
Keeton Griggs · License #114913
(256) 777-8775
Added: Jul 10
Changed: Oct 29
Last Checked: Oct 30 at 4:06AM
MLS# 21923438
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.
Under construction in Limestone County, this 6,000-square-foot industrial warehouse measures 60 feet by 100 feet and has 20-foot ceilings. A 16-foot-by-20-foot overhead bay door serves the building, with concrete flooring, a metal roof, and paved parking. Public water and sewer are available, and three-phase power is available. The property sits on a 0.38-acre parcel.
Access to I-65 and I-565 connects the site with North Alabama and the Southeast. A separate adjacent warehouse measuring 50 feet by 90 feet is also available for additional storage or expansion.
Access to I-65 and I-565 connects the site with North Alabama and the Southeast. A separate adjacent warehouse measuring 50 feet by 90 feet is also available for additional storage or expansion.
Key Highlights
- 6,000‑square‑foot warehouse on a 0.38‑acre parcel
- 60‑foot‑by‑100‑foot building with 20‑foot ceilings
- 16‑foot‑by‑20‑foot overhead bay door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,169
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,380
$603.4K
Cap Rate 7%
$430,986
$431.0K
Cap Rate 9%
$335,211
$335.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$37.4K $6.24/SF
− Vacancy
−$1.9K −$0.32/SF
EGI
$35.5K $5.92/SF
− OpEx
−$5.3K −$0.89/SF
NOI
$30.2K $5.03/SF
Area
Limestone County, AL
Vacancy
5.20%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,380
Cap Rate 7%
$430,986
Cap Rate 9%
$335,211
Alternative Uses
Best Use
Warehouse
$431.0K
$377.1K – $502.8K
NOI $30,169 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,368 @ 7.0% cap · market cap 15.09%
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
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35613, AL
22,935
Population
9,776
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
75.0 sq mi
ZIP Area
306
Density / Sq Mi
$103,281
Median Household Income
$51,834
Median Earnings
$1,284
Median Rent
$291,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Paved parking and available three-phase power complement this industrial facility.
Where is this warehouse located?
The property is located at 25914 WALTER LEE DRIVE Athens, AL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 6,000‑square‑foot warehouse on a 0.38‑acre parcel; 60‑foot‑by‑100‑foot building with 20‑foot ceilings; 16‑foot‑by‑20‑foot overhead bay door
