Renovated Downtown Guntersville Commercial
408 A Gunter Avenue Guntersville, AL 35976
408 A Gunter Avenue, Guntersville, AL, 35976
$425,000
For Sale
$425,000
COMMERCIAL - Guntersville, AL
Property Size1,840 SF
Lot Size0.06 Acres
Price / SF$230.98
Days on Market110
Property Features for 408 A Gunter Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- 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
2320 Taylor St, AL
Listed by
Jeri Franks · License #98160
(256) 572-4280
Added: Mar 31 Checked: Jul 18 at 1:06 pm
MLS# 21913721
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Investment Insights
Based on property information with market context.
Located on Gunter Avenue in downtown Guntersville, across from the courthouse, this renovated commercial property offers approximately 1840 square feet of space. The building features new plumbing, electrical, HVAC, flooring, and paint, all updated in 2019 and 2020. A new roof was installed in 2017. The property includes two parking spaces at the back, with additional city parking available in both the front and back. Its location provides walking distance access to downtown amenities, including the city harbor. The property is suitable for an attorney's office, business, or investment rental.
Key Highlights
- Prime downtown Guntersville location on Gunter Avenue, across from the courthouse.
- Walking distance to downtown amenities, including the city harbor.
- Completely renovated in 2019/2020 with new plumbing, electrical, HVAC, flooring, and paint.
Local Financial Insights For Office B
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 | $33.1k | $18.00 |
| − Vacancy | −$5.5k | −$2.97 |
| EGI | $27.7k | $15.03 |
| − OpEx | −$6.9k | −$3.76 |
| NOI | $20.7k | $11.27 |
1,840 SF · lease $18.00/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$296.3K
$259.3K – $345.7K
NOI $20,741 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Renovated commercial property in downtown Guntersville, walking distance to amenities.
Where is this office units 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: Prime downtown Guntersville location on Gunter Avenue, across from the courthouse.; Walking distance to downtown amenities, including the city harbor.; Completely renovated in 2019/2020 with new plumbing, electrical, HVAC, flooring, and paint.
