Flex Building with Fenced
For Sale
Contact for pricing
351 Lee St, Chickasaw, AL 36611
4,000 SF flex building with a rear fenced yard and ground-level roll-up door for warehouse-area access.
Property Size4,000 SF
Price / SF$79.75
Days on Market56
Property Features for 351 Lee St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Listing Agency:
Cummings & Associates, Inc.
(251) 753-0246
Listed By:
Marl M Cummings, IV
(251) 753-0246
Source:
Moodyscre
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 21 at 5:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cummings & Associates, Inc.
Investment Insights
Based on property information with market context.
This 4,000-square-foot flex building is well-suited to a mix of retail, service, or office uses. The layout includes a warehouse area accessible via a ground-level roll-up door, with a rear fenced yard that supports convenient loading and storage needs.
The property is located at 351 West Lee Street, just off the I-65 exit, providing straightforward regional access for customers and crews. It is positioned across the street from Circle K and the new Halls Meats retail facility.
For tenants or buyers seeking a versatile commercial space, the combination of flex improvements and direct warehouse access can accommodate a range of operating models, from customer-facing service businesses to office users that need practical back-of-house functionality. The rear yard and roll-up door configuration help streamline day-to-day deliveries and staging within the property footprint.
The property is located at 351 West Lee Street, just off the I-65 exit, providing straightforward regional access for customers and crews. It is positioned across the street from Circle K and the new Halls Meats retail facility.
For tenants or buyers seeking a versatile commercial space, the combination of flex improvements and direct warehouse access can accommodate a range of operating models, from customer-facing service businesses to office users that need practical back-of-house functionality. The rear yard and roll-up door configuration help streamline day-to-day deliveries and staging within the property footprint.
Key Highlights
- 4,000 SF flex building suited for retail, service industry, or office users
- Rear fenced yard with ground‑level roll‑up door providing direct warehouse‑area access
- Located at 351 West Lee Street just off the I‑65 exit
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $9.60 |
| − Vacancy | −$2.7k | −$0.67 |
| EGI | $35.7k | $8.93 |
| − OpEx | −$12.5k | −$3.12 |
| NOI | $23.2k | $5.80 |
4,000 SF · lease $9.60/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$756.4K
$661.8K – $882.4K
NOI $52,945 @ 7.0% cap · market cap 16.60%
Second Best
Flex RnD
$331.6K
$290.2K – $386.9K
NOI $23,213 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$985.5K
$862.3K – $1.15M
NOI $68,987 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36611, AL
6,457
Population
2,713
Households
2.4
Avg Household Size
36
Median Age
12%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
1,318
Density / Sq Mi
$42,854
Median Household Income
$30,553
Median Earnings
$945
Median Rent
$110,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 4,000 SF flex building with a rear fenced yard and ground-level roll-up door for warehouse-area access.
Where is this flex space located?
The property is located at 351 Lee St Chickasaw, AL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 4,000 SF flex building suited for retail, service industry, or office users; Rear fenced yard with ground‑level roll‑up door providing direct warehouse‑area access; Located at 351 West Lee Street just off the I‑65 exit
