Renovated Storefront
For Sale
$425,000
408 A Gunter Avenue, Guntersville, AL 35976
COMMERCIAL - Guntersville, AL
Property Size1,840 SF
Lot Size0.06 Acres
Price / SF$230.98
Days on Market152
Property Features for 408 A Gunter Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Old Town Of Guntersville
Directions
Located On Gunter Avenue Across The Street From Marshall County Courthouse And Next Door To Old Town Stock House And Varnell & Co. Hair Boutique.
Standard status
Active
APN
1501112001010.000
Size
1,840 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Flooring type
Wood
Listing Agency:
Leading Edge Re Group-Gtsv.
(256) 489-2602
Listed By:
Jeri Franks · License #98160
(256) 572-4280
Added: Mar 31
Changed: Aug 4
Last Checked: Aug 29 at 12:06AM
MLS# 21913721
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 1,840-square-foot storefront property was built in 1920 and substantially renovated during 2019 and 2020. Improvements included plumbing, electrical service, HVAC, flooring, and interior paint, while the roof was replaced in 2017. Wood flooring and a bathroom are among the existing interior features.
The property is located at 408 A Gunter Avenue in downtown Guntersville, directly across from the courthouse. Two parking spaces are positioned behind the building, with additional city parking available in front and behind the property. Public water and public sewer serve the site. The space is suited to an attorney office, business operation, or investment rental.
The property is located at 408 A Gunter Avenue in downtown Guntersville, directly across from the courthouse. Two parking spaces are positioned behind the building, with additional city parking available in front and behind the property. Public water and public sewer serve the site. The space is suited to an attorney office, business operation, or investment rental.
Key Highlights
- 1,840 SF storefront property at 408 A Gunter Avenue, Guntersville, AL 35976
- Renovations completed during 2019 and 2020 included plumbing, electrical, HVAC, flooring, and paint
- Roof replacement completed in 2017
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
$20,741
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
4.88%
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%
$414,820
$414.8K
Cap Rate 7%
$296,300
$296.3K
Cap Rate 9%
$230,456
$230.5K
Market Conditions
NOI Build-Up for 1,840 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
$33.1K $18.00/SF
− Vacancy
−$5.5K −$2.97/SF
EGI
$27.7K $15.03/SF
− OpEx
−$6.9K −$3.76/SF
NOI
$20.7K $11.27/SF
Area
Marshall County, AL
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$414,820
Cap Rate 7%
$296,300
Cap Rate 9%
$230,456
Alternative Uses
Best Use
Office B
$296.3K
$259.3K – $345.7K
NOI $20,741 @ 7.0% cap · market cap 4.88%
Second Best
Retail
$167.7K
$146.7K – $195.6K
NOI $11,738 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$397.1K
$347.5K – $463.3K
NOI $27,800 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated building systems and wood flooring support office, business, or storefront use.
Where is this storefront property located?
The property is located at 408 A Gunter Avenue Guntersville, AL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,840 SF storefront property at 408 A Gunter Avenue, Guntersville, AL 35976; Renovations completed during 2019 and 2020 included plumbing, electrical, HVAC, flooring, and paint; Roof replacement completed in 2017
