Industrial Warehouse with High
For Sale
$550,000
Pending
25932 WALTER LEE DRIVE, Athens, AL 35613
Commercial Sale, ATHENS, AL
Property Size4,500 SF
Lot Size0.32 Acres
Days on Market113
Property Features for 25932 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 to Newby Rd. South on Newby Rd. to Walter Lee Drive.
Standard status
Pending
APN
09 04 20 0 002 022.000
Size
4,500 SF
Lot size
0.32 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
Metal Siding, 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 7:06AM
MLS# 21923442
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Investment Insights
Based on property information with market context.
This 4,500-square-foot industrial warehouse is under construction on a 0.32-acre site in Limestone County. The building measures 50 feet by 90 feet and has 20-foot ceilings, a 16-foot by 20-foot overhead bay door, and a concrete floor. Construction includes metal siding and wood, with a metal roof and natural gas heating. Public water and lighting are also listed, along with two bathrooms.
The property is located at 25932 Walter Lee Drive in Athens, Alabama, with access to I-65 and I-565. Paved parking is provided. An adjacent warehouse measuring 60 feet by 100 feet is also available, offering an additional building option at the site.
The property is located at 25932 Walter Lee Drive in Athens, Alabama, with access to I-65 and I-565. Paved parking is provided. An adjacent warehouse measuring 60 feet by 100 feet is also available, offering an additional building option at the site.
Key Highlights
- 4,500 SF warehouse on a 0.32‑acre site
- Building dimensions: 50' x 90'
- 20' ceilings and a 16' x 20' overhead bay door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,627
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,540
$452.5K
Cap Rate 7%
$323,243
$323.2K
Cap Rate 9%
$251,411
$251.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$28.1K $6.24/SF
− Vacancy
−$1.5K −$0.32/SF
EGI
$26.6K $5.92/SF
− OpEx
−$4.0K −$0.89/SF
NOI
$22.6K $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%
$452,540
Cap Rate 7%
$323,243
Cap Rate 9%
$251,411
Alternative Uses
Best Use
Warehouse
$323.2K
$282.8K – $377.1K
NOI $22,627 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,026 @ 7.0% cap · market cap 14.91%
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
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - A paved parking area, overhead bay door, and concrete floor support practical warehouse operations.
Where is this warehouse located?
The property is located at 25932 WALTER LEE DRIVE Athens, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,500 SF warehouse on a 0.32‑acre site; Building dimensions: 50' x 90'; 20' ceilings and a 16' x 20' overhead bay door
