Spacious Showroom/Warehouse Near
For Sale
$991,900
5335 Skyland Blvd E, Cottondale, AL
7,200 SF showroom/warehouse with easy interstate access.
Property Size7,200 SF
Lot Size3.00 Acres
Price / SF$137.76
Days on Market326
Property Features for 5335 Skyland Blvd E
General Information
Standard status
Active
Size
7,200 SF
Lot size
3.00 Acres
Listing Agency:
Powerhouse Realty - EXP
Listed By:
Rick Davis · License #115822
(205) 886-9204
Source:
Exprealty
Added: Oct 13, 2025
Changed: Sep 3
Last Checked: Aug 7 at 2:10AM
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 Powerhouse Realty - EXP
Investment Insights
Based on property information with market context.
This 7,200-square-foot showroom/warehouse offers opportunities for various ventures. The property features concrete floors and high ceilings. Located near the 20/59 interstate, it provides easy access to Birmingham and the surrounding area. The property includes a little under three acres, with a portion being fenced in. Large bay doors provide access to the warehouse. The space can be easily customized.
Key Highlights
- Prime retail showroom/warehouse space totaling 7,200 sq ft.
- Located near the 20/59 interstate for easy access to Birmingham.
- Features a large outdoor area of nearly three acres, partially fenced.
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
$50,189
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
5.06%
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%
$1,003,780
$1.0M
Cap Rate 7%
$716,986
$717.0K
Cap Rate 9%
$557,656
$557.7K
Market Conditions
NOI Build-Up for 7,200 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
$79.5K $11.04/SF
− Vacancy
−$7.8K −$1.08/SF
EGI
$71.7K $9.96/SF
− OpEx
−$21.5K −$2.99/SF
NOI
$50.2K $6.97/SF
Area
Houston County, AL
Vacancy
9.80%
Lease Rate
$11.04 /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%
$1,003,780
Cap Rate 7%
$716,986
Cap Rate 9%
$557,656
Alternative Uses
Best Use
Retail
$717.0K
$627.4K – $836.5K
NOI $50,189 @ 7.0% cap · market cap 5.06%
Second Best
Warehouse
$513.9K
$449.7K – $599.6K
NOI $35,974 @ 7.0% cap · market cap 3.63%
Theoretical Best
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $89,082 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wiregrass Storage — 6601 US-231, Dothan, AL 36301
Frequently Asked Questions
What type of property is this?
Warehouse - 7,200 SF showroom/warehouse with easy interstate access.
Where is this warehouse located?
The property is located at 5335 Skyland Blvd E Cottondale, AL.
What is the asking price?
The asking price for this property is $991,900.
What are key features of this property?
This property features: Prime retail showroom/warehouse space totaling 7,200 sq ft.; Located near the 20/59 interstate for easy access to Birmingham.; Features a large outdoor area of nearly three acres, partially fenced.
