Building Details

Building Size 9,936 SF

Listing Agency: EXP Realty LLC

Listed By: William Peek Show Phone

Source: Exprealty

Added: Sep 18 Changed: Sep 23 Last Checked: Sep 24 at 12:14PM

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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 EXP Realty LLC

Investment Insights

Based on property information with market context.

Built in 1995, this 9,936-square-foot flex building occupies a little over 3 acres in Baileyton, Alabama. The property includes two office spaces, three bathrooms, two paint bays, a ground-level bay door, and an 18-wheeler loading dock. Fencing extends along the side and rear yards, creating enclosed outdoor space for storage or equipment.

The property is positioned 30 minutes from downtown Cullman and 15 minutes from Arab. Its combination of interior work areas, office accommodations, loading infrastructure, and fenced yard supports a range of commercial and industrial operations.

Key Highlights

• 9,936 sq ft commercial building on a little over 3 acres
• Ground‑level bay door and an 18‑wheeler loading dock
• Two paint bays, three bathrooms, and two office spaces

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

$53,476

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

8.24%

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%

$1,069,520 $1.1M

Cap Rate 7%

$763,943 $763.9K

Cap Rate 9%

$594,178 $594.2K

Market Conditions

NOI Build-Up for 9,936 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

$89.4K $9.00/SF

− Vacancy

−$7.2K −$0.72/SF

EGI

$82.3K $8.28/SF

− OpEx

−$28.8K −$2.90/SF

NOI

$53.5K $5.38/SF

Area

Cullman County, AL

Vacancy

8.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

35.00%

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%

$1,069,520

Cap Rate 7%

$763,943

Cap Rate 9%

$594,178

Alternative Uses

Best Use

Flex RnD

$763.9K

$668.5K – $891.3K (±1% cap)

NOI $53,476 @ 7.0% cap · market cap 8.24%

Second Best

Warehouse

$599.4K

$524.5K – $699.3K (±1% cap)

NOI $41,958 @ 7.0% cap · market cap 6.47%

Theoretical Best

Office A

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,540 @ 7.0% cap · market cap 15.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Auto Repair Shop Real Estate Agency Barber Shop Computer & Electronic Repair Storage Facility

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

1

Dock-high doors

1

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35019, AL

2,220

Population

1,058

Households

2.1

Avg Household Size

42

Median Age

12%

College-Educated

80%

High-School Grad

28.3 sq mi

ZIP Area

78

Density / Sq Mi

$61,470

Median Household Income

$32,582

Median Earnings

$926

Median Rent

$120,800

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Frequently Asked Questions

What type of property is this?

Flex space - Flex building with office areas, paint bays, loading access, and secured outdoor storage space.

Where is this flex space located?

The property is located at 75 Industrial Boulevard Baileyton, AL.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: 9,936 sq ft commercial building on a little over 3 acres; Ground‑level bay door and an 18‑wheeler loading dock; Two paint bays, three bathrooms, and two office spaces