Historic Spanish-Style Storefront
For Sale
$549,900
280 Gunter Avenue, Guntersville, AL 35976
COMMERCIAL - Guntersville, AL
Property Size2,812 SF
Lot Size0.34 Acres
Price / SF$195.55
Days on Market140
Property Features for 280 Gunter Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Rooms
Basement
Parking features
On Street, Garage
Subdivision
Old Town
Lot features
Corner Lot, Wooded
Directions
On Gunter Avenue, Hwy 79/431. Directly Across From City Harbor, On The West Side Of Gunter Avenue.
Standard status
Active
APN
1501024000009000
Size
2,812 SF
Lot size
0.34 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile, Wood
Roof type
Tile
Listing Agency:
A.H. Sothebys Int. Realty
(256) 799-9333
Listed By:
David Dahne · License #156303
(772) 285-1673
Added: Mar 26
Changed: Aug 4
Last Checked: Aug 12 at 7:06PM
MLS# 21900215
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.
280 Gunter Avenue in Guntersville, Alabama is a storefront property known as the Spanish House, built in 1927. It is currently zoned for Business and was formerly used as an antique shop. The building includes a basement and has flooring in tile and wood.
The exterior walls are 18" thick poured concrete with Spanish style stucco. The tile roof is partially complete, and there is some interior damage due to roof leaks; an estimate is available to finish the roof and bring the interior up to a business standard. The property is being sold as commercial and not residential.
Additional features include central air with electric heating, public water, and public sewer service. Parking is available on-street and there is a separate two-car garage. The property is described as offering great views of City Harbor and Guntersville Lake.
The exterior walls are 18" thick poured concrete with Spanish style stucco. The tile roof is partially complete, and there is some interior damage due to roof leaks; an estimate is available to finish the roof and bring the interior up to a business standard. The property is being sold as commercial and not residential.
Additional features include central air with electric heating, public water, and public sewer service. Parking is available on-street and there is a separate two-car garage. The property is described as offering great views of City Harbor and Guntersville Lake.
Key Highlights
- Built in 1927, known as the Spanish House storefront
- Currently zoned for Business, sold as commercial and not residential
- Tile roof is partially complete with interior damage from roof leaks
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
$17,939
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
3.26%
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%
$358,780
$358.8K
Cap Rate 7%
$256,271
$256.3K
Cap Rate 9%
$199,322
$199.3K
Market Conditions
NOI Build-Up for 2,812 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
$28.0K $9.96/SF
− Vacancy
−$2.4K −$0.85/SF
EGI
$25.6K $9.11/SF
− OpEx
−$7.7K −$2.73/SF
NOI
$17.9K $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 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%
$358,780
Cap Rate 7%
$256,271
Cap Rate 9%
$199,322
Alternative Uses
Best Use
Retail
$256.3K
$224.2K – $299.0K
NOI $17,939 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.9K
$531.1K – $708.1K
NOI $42,485 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
121k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 18%
Home Improvements & Furnishings 5%
McDonald's
Dining
29,173 visits/mo
0.1 miles
Wendy's
Dining
15,696 visits/mo
0.2 miles
Taco Bell
Dining
10,738 visits/mo
0.1 miles
Burger King
Dining
9,272 visits/mo
0.3 miles
Marathon
Shops & Services
9,135 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Little Blue Birds Flowers — 1001 Blount Ave, Guntersville, AL 35976
Frequently Asked Questions
What type of property is this?
Storefront property - Zoned for Business, the 1927 Spanish House storefront offers central air, public utilities, and a separate two-car garage.
Where is this storefront property located?
The property is located at 280 Gunter Avenue Guntersville, AL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Built in 1927, known as the Spanish House storefront; Currently zoned for Business, sold as commercial and not residential; Tile roof is partially complete with interior damage from roof leaks
