Listing Agency: Bhhs Rise-Scottsboro Branch Show Phone

Listed By: Taylor Carlton · License #144127 Show Phone

Added: Mar 4 Changed: Sep 7 Last Checked: Sep 26 at 9:06AM

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MLS# 21911224

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Investment Insights

Based on property information with market context.

This 7,200-square-foot flex space includes a shop building arranged with 4 offices, 2 bathrooms, and a break room. Three-phase power serves the property, supporting the building’s stated commercial and industrial use potential. The site encompasses 1.3 acres and is suited for business operations, storage, manufacturing, or similar applications described for the property.

Positioned outside city limits in Grant, Alabama, the property has no specific zoning designation identified in the listing. Huntsville is approximately 30 minutes away, providing regional access while the site remains beyond municipal boundaries.

Key Highlights

• 7,200 sq ft shop building on 1.3 acres
• 4 offices, 2 bathrooms, and a break room
• 3‑phase power installed

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

Industrial

$408.2K

$357.2K – $476.3K (±1% cap)

NOI $28,577 @ 7.0% cap · market cap 3.46%

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

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Plumbing Service Building Supply Garden Center Grocery & Convenience Store Pharmacy

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

63

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?

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Frequently Asked Questions

What type of property is this?

Flex space - Shop-oriented commercial property with office, employee-support areas, and flexible use potential outside municipal limits.

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; 4 offices, 2 bathrooms, and a break room; 3‑phase power installed