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    24895 Gin St Tanner, AL 35671

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    For Lease
    Contact for pricing

    12 Warehouses, 340,000 SF Total

    Lot size:
    340,000 SF

    Property Features for 24895 Gin St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    340,000 SF
    Class
    C
    Total Rate
    134583.33

    Spaces For Lease

    at 24895 Gin St, Tanner, AL 35671 Contact us
    Unit Available Space A

    $4 /Mo

    Size
    40,000 SF
    Contact us
    Unit Available Space D

    $4 /Mo

    Size
    14,000 SF
    Contact us
    Unit Available Space L

    $4 /Mo

    Size
    12,960 SF
    Contact us
    Unit Available Space K

    $4 /Mo

    Size
    12,960 SF
    Contact us
    Unit Available Space N

    $4 /Mo

    Size
    1,782 SF
    Contact us
    Unit Available Space B

    $4 /Mo

    Size
    27,500 SF
    Contact us
    Unit Available Space C

    $4 /Mo

    Size
    27,000 SF
    Contact us
    Unit Available Space J

    $4 /Mo

    Size
    58,439 SF
    Contact us
    Unit 12 Rentable Warehouse Spaces

    $59 /Mo

    Size
    194,641 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Nikki Bishop
    Nikki Bishop

    Listing Agency: Sharp Companies Listing Agent: Nikki Bishop

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional industrial property in Tanner, Alabama, offers a portfolio of twelve rentable warehouses totaling 340,000 square feet. Located in Limestone County at 24895 N Gin St, zip code 35671, this Class C warehouse complex sits on a substantial 45-acre lot. The property boasts excellent accessibility with 27 drive-in doors, providing convenient loading and unloading capabilities for various operations. Units range in size, with a minimum divisible space of 1,782 square feet and larger spaces available up to 194,641 square feet, catering to a wide range of tenant needs. The property's strategic location offers easy access to two major interstates, placing businesses within close proximity to key transportation routes. Furthermore, its proximity to major distribution centers for companies like Polaris, Amazon, and Target, as well as its convenient location just 11 miles from Huntsville Airport, makes this an ideal location for logistics and distribution businesses. This multi-tenant property presents a unique opportunity for investors and businesses seeking a well-situated and versatile warehouse space in a thriving industrial area. The property is situated in Limestone County, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Big Box & Wholesale Store Auto Parts Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tanner
    County
    Limestone
    State
    Alabama
    Longitude
    -86.8818125
    Latitude
    34.6558435

    Nearby Similar for Lease

    • Contact for pricing

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      Class A industrial facility ideal for warehouse and distribution operations.
      23366 Bibb Garrett Rd, Tanner, AL 35671
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      305,760 SF

      Prime Tanner Warehouse Space

      Class A industrial space, I-65/I-565 access.
      23366 Bibb Garrett Rd, Tanner, AL 35671
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      108,000 SF

      Prime Tanner Warehouse Space

      44,000 SF Warehouse - I-65 Access
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    FAQs

    What type of property is this?
    Distribution property - 12 Warehouses, 340,000 SF Total
    Where is this distribution property located?
    The property is located at 24895 Gin St Tanner, AL.
    What is the lease rate?
    The lease rate is $4-$59 SF/Yr.
    (256) 534-8188 Call to check price and availability
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    Tanner, AL 35671
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24895 Gin St Tanner, AL 35671
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nikki Bishop
    Nikki Bishop
    Real Estate License ID: 00153043
    (256) 534-8188
    Learn more
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