Listing Agency: Bhhs Rise-Scottsboro Branch Show Phone

Listed By: Taylor Carlton · License #144127 Show Phone

Added: Mar 4 Changed: Aug 4 Last Checked: Aug 11 at 10:06PM

Report an Issue

MLS# 21911224

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 7,200-square-foot flex space property includes a shop building configured with four offices, two bathrooms, and a break room. Three-phase power supports commercial, industrial, storage, and manufacturing operations. The property sits on 1.3 acres outside the city limits, with no specific zoning identified in the available property information.

Located in Grant, Alabama, the site is approximately 30 minutes from Huntsville. Its combination of shop space, office accommodations, acreage, and utility capacity provides a practical setting for a range of business uses.

Key Highlights

• 7,200 sq ft shop building on 1.3 acres
• Four offices, two bathrooms, and a break room
• Three‑phase power service

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

$41,334

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

5.01%

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%

$826,680 $826.7K

Cap Rate 7%

$590,486 $590.5K

Cap Rate 9%

$459,267 $459.3K

Market Conditions

NOI Build-Up for 7,200 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

$69.1K $9.60/SF

− Vacancy

−$5.5K −$0.77/SF

EGI

$63.6K $8.83/SF

− OpEx

−$22.3K −$3.09/SF

NOI

$41.3K $5.74/SF

Area

Marshall County, AL

Vacancy

8.00%

Lease Rate

$9.60 /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%

$826,680

Cap Rate 7%

$590,486

Cap Rate 9%

$459,267

Alternative Uses

Best Use

Flex RnD

$590.5K

$516.7K – $688.9K (±1% cap)

NOI $41,334 @ 7.0% cap · market cap 5.01%

Second Best

Warehouse

$443.8K

$388.3K – $517.8K (±1% cap)

NOI $31,065 @ 7.0% cap · market cap 3.77%

Theoretical Best

Office A

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,781 @ 7.0% cap · market cap 13.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Plumbing Service Building Supply Garden Center Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35747, AL

6,173

Population

3,402

Households

1.8

Avg Household Size

43

Median Age

30%

College-Educated

89%

High-School Grad

75.3 sq mi

ZIP Area

82

Density / Sq Mi

$78,750

Median Household Income

$48,580

Median Earnings

$663

Median Rent

$219,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Versatile Shop Building Near Huntsville

275 Emmett Ayers Road, Grant, AL 35747

$825,000

7,200 SF

View details

4-Acre Tract with Metal Barn

263 Emmett Ayers Road, Grant, AL 35747

$245,000

4.00 Acres

View details

Retail Combo Store Property

3530 Cathedral Caverns Hwy, Grant, AL 35747

Contact for pricing

View details

Multifamily Property Near Lake Guntersville

3226 Cathedral Caverns Hwy, Grant, AL 35747

Contact for pricing

15,534 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Shop building with offices, bathrooms, a break room, and three-phase power for flexible commercial use.

Where is this flex space located?

The property is located at 275 Emmett Ayers Road Grant, AL.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: 7,200 sq ft shop building on 1.3 acres; Four offices, two bathrooms, and a break room; Three‑phase power service