Unrestricted Flex Warehouse
8214 Highway 72 Athens, AL 35611
8214 Highway 72, Athens, AL, 35611
$279,900
Pending
For Sale
$279,900
Pending
Unrestricted 3.89+/- acre site with a warehouse and heated/cooled office on Hwy 72.
Property Size2,400 SF
Lot Size3.89 Acres
Days on Market14
Property Features for 8214 Highway 72
General Information
- Standard status
- Pending
- Size
- 2,400 SF
- Lot size
- 3.89 Acres
- Property subtype
- Business Opportunity
Listing agency
Smith & Elmore Auction Company, LLC
(256) 777-3476
Listed by
David Elmore · License #72643
(256) 777-3476
Source
Exprealty
Added: Jul 9 Updated: Jul 21 at 9:59AM Checked: Jul 22 at 10:06AM
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 Smith & Elmore Auction Company, LLC
Investment Insights
Based on property information with market context.
This unrestricted property includes approximately 3.89+/- acres with a commercial building fronting Highway 72. The warehouse measures 40' x 60' and includes a heated and cooled office space.
The property is described as having unlimited uses, providing flexibility for a wide range of commercial applications.
With the combination of warehouse space and climate-controlled office, the site can support operations that require both storage and administrative space.
The property is described as having unlimited uses, providing flexibility for a wide range of commercial applications.
With the combination of warehouse space and climate-controlled office, the site can support operations that require both storage and administrative space.
Key Highlights
- Completely unrestricted 3.89+/- acre site
- Commercial building on Hwy 72 with a 40'x60' warehouse
- Heated and cooled office included with the building
Local Financial Insights For Warehouse
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 | $15.0k | $6.24 |
| − Vacancy | −$779 | −$0.32 |
| EGI | $14.2k | $5.92 |
| − OpEx | −$2.1k | −$0.89 |
| NOI | $12.1k | $5.03 |
2,400 SF · lease $6.24/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$369.1K
$322.9K – $430.6K
NOI $25,834 @ 7.0% cap · market cap 9.23%
Second Best
Warehouse
$172.4K
$150.9K – $201.1K
NOI $12,068 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$625.0K
$546.8K – $729.1K
NOI $43,747 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Unrestricted 3.89+/- acre site with a warehouse and heated/cooled office on Hwy 72.
Where is this flex space located?
The property is located at 8214 Highway 72 Athens, AL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Completely unrestricted 3.89+/- acre site; Commercial building on Hwy 72 with a 40'x60' warehouse; Heated and cooled office included with the building
