Building Details

Building Size 4,224 SF

Abandoned No

Listing Agency: Re/Max Guntersville

Listed By: Maximus Brandon · License #157893 Show Phone

Source: Intownpartners

Added: Jul 16 Changed: Oct 27 Last Checked: Oct 27 at 4:17AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3.18-acre mixed-use property includes a 3,200-square-foot warehouse with spray-foam insulation, high ceilings, mezzanine storage, and a climate-controlled bar area. Multiple restrooms serve the warehouse, while a separate event area features a stage and VIP/backstage space with multiple baths. A 520-square-foot house provides three bedrooms and one bathroom.

Additional site features include a steel arch storage building, four RV hookups with water and power, and available 400-amp underground electric service.

Key Highlights

• 3.18‑acre property with event stage and VIP/backstage area
• 3,200‑square‑foot spray‑foam‑insulated warehouse with high ceilings
• Warehouse includes bar area with air conditioning, multiple restrooms, and mezzanine storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,359

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,180 $667.2K

Cap Rate 7%

$476,557 $476.6K

Cap Rate 9%

$370,656 $370.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,224 SF

Gross rent

$59.3K $14.04/SF

− Vacancy

−$5.9K −$1.40/SF

EGI

$53.4K $12.64/SF

− OpEx

−$20.0K −$4.74/SF

NOI

$33.4K $7.90/SF

Area

Etowah County, AL

Vacancy

10.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,180

Cap Rate 7%

$476,557

Cap Rate 9%

$370,656

Alternative Uses

Best Use

Mixed Use

$476.6K

$417.0K – $556.0K (±1% cap)

NOI $33,359 @ 7.0% cap · market cap 7.41%

Second Best

Warehouse

$332.0K

$290.5K – $387.3K (±1% cap)

NOI $23,240 @ 7.0% cap · market cap 5.16%

Theoretical Best

Specialty Retail

$690.6K

$604.3K – $805.8K (±1% cap)

NOI $48,345 @ 7.0% cap · market cap 10.74%

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

Open Analytics

Current Use

Back Road Park ... Hotel & Motel

Suggested Use

Top Pick Daycare Center Hotel & Motel Discount Store

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

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 35952, AL

7,847

Population

3,914

Households

2

Avg Household Size

42

Median Age

12%

College-Educated

77%

High-School Grad

109.4 sq mi

ZIP Area

72

Density / Sq Mi

$44,973

Median Household Income

$29,460

Median Earnings

$661

Median Rent

$120,400

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - An insulated warehouse is paired with event facilities, a separate storage building, and a residence.

Where is this mixed-use property located?

The property is located at 354 Bulldog Road Altoona, AL.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 3.18‑acre property with event stage and VIP/backstage area; 3,200‑square‑foot spray‑foam‑insulated warehouse with high ceilings; Warehouse includes bar area with air conditioning, multiple restrooms, and mezzanine storage