Building Details

Year built 2025

Floors in Building 1

Flooring type Concrete

Roof type Metal

Listing Agency: Re/Max Property Center Show Phone

Listed By: Annette Wright · License #73341 Show Phone

Added: Oct 1 Last Checked: Oct 4 at 2:06PM

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MLS# 21896746

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Investment Insights

Based on property information with market context.

This warehouse is under construction and is planned at 3,500 square feet on approximately 2 acres. The building includes new office space, with additional storage positioned above the offices. Remote-operated roll-up doors provide drive-through access for trucks, and the site includes driveway parking. Concrete flooring and a metal roof are specified; public water and a septic system serve the property.

The property fronts Alabama Highway 40, with 350 feet of frontage. Electrical service is available at the pole, with three-phase power noted as an option.

Key Highlights

• 3,500‑square‑foot warehouse on approximately 2 acres
• 350 feet of frontage on Alabama Highway 40
• Remote‑operated roll‑up doors support truck drive‑through access

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

$13,423

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

3.36%

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%

$268,460 $268.5K

Cap Rate 7%

$191,757 $191.8K

Cap Rate 9%

$149,144 $149.1K

Market Conditions

NOI Build-Up for 3,500 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

$16.8K $4.80/SF

− Vacancy

−$1.0K −$0.29/SF

EGI

$15.8K $4.51/SF

− OpEx

−$2.4K −$0.68/SF

NOI

$13.4K $3.84/SF

Area

DeKalb County, AL

Vacancy

6.00%

Lease Rate

$4.80 /SF/Yr

Expense Ratio

15.00%

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%

$268,460

Cap Rate 7%

$191,757

Cap Rate 9%

$149,144

Alternative Uses

Best Use

Warehouse

$191.8K

$167.8K – $223.7K (±1% cap)

NOI $13,423 @ 7.0% cap · market cap 3.36%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$563.9K

$493.4K – $657.8K (±1% cap)

NOI $39,470 @ 7.0% cap · market cap 9.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35978, AL

5,436

Population

2,305

Households

2.4

Avg Household Size

43

Median Age

9%

College-Educated

83%

High-School Grad

69.4 sq mi

ZIP Area

78

Density / Sq Mi

$52,545

Median Household Income

$35,914

Median Earnings

$747

Median Rent

$123,900

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

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - New office space and additional storage are incorporated into the building’s commercial layout.

Where is this warehouse located?

The property is located at 7008 Alabama Highway 40 Henagar, AL.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 3,500‑square‑foot warehouse on approximately 2 acres; 350 feet of frontage on Alabama Highway 40; Remote‑operated roll‑up doors support truck drive‑through access