Incomplete Warehouse Building
Lamb Dr Snead, AL 35952
New
For Sale
$175,000
LAND - Snead, AL
Property Size1,200 SF
Lot Size0.80 Acres
Price / SF$145.83
Days on Market4
Property Features for Lamb Dr
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 0507360000009.001
- Lot size
- 0.80 Acres
Listing Agency:
National Land Realty, Gulf Coast
(855) 657-5263
Listed By:
Travis Cleveland
855-NLR-LAND
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 4:06PM
MLS# 11899445
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This incomplete warehouse building shell totals 1,680 square feet under roof, including a 1,200-square-foot structure and a 480-square-foot covered porch. Interior walls are professionally framed, electrical has been installed with power available, and plumbing has been roughed in throughout. City water and sewer are available, though taps have not yet been connected. The remaining work is primarily interior finishes such as flooring, cabinetry, fixtures, paint, and trim.
The property sits on an 0.8-acre lot and is located on Lamb Dr in Snead, AL (Blount County). The lot offers room to expand or subdivide, depending on your plans.
This is a partially completed project where much of the costly, time-consuming work has already been addressed, allowing a buyer to finish the space with their own selection of interior finishes.
The property sits on an 0.8-acre lot and is located on Lamb Dr in Snead, AL (Blount County). The lot offers room to expand or subdivide, depending on your plans.
This is a partially completed project where much of the costly, time-consuming work has already been addressed, allowing a buyer to finish the space with their own selection of interior finishes.
Key Highlights
- Under‑construction 1,200‑sq‑ft building with 480‑sq‑ft covered porch for 1,680 sq ft under roof
- Interior professionally framed; electrical installed and power available; plumbing roughed in throughout
- City water and sewer available, but taps have not yet been connected
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 | $8.4k | $6.96 |
| − Vacancy | −$585 | −$0.49 |
| EGI | $7.8k | $6.47 |
| − OpEx | −$1.2k | −$0.97 |
| NOI | $6.6k | $5.50 |
1,200 SF · lease $6.96/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$94.3K
$82.5K – $110.0K
NOI $6,602 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$196.2K
$171.7K – $228.9K
NOI $13,734 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar Off Market Nearby
- WSSF Climate Control Storage LLC — 185 Richman Dr, Altoona, AL 35952
FAQs
What type of property is this?
Warehouse - 1200-square-foot building with 480-square-foot covered porch and utility work underway on an 0.8-acre lot.
Where is this warehouse located?
The property is located at Lamb Dr Snead, AL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Under‑construction 1,200‑sq‑ft building with 480‑sq‑ft covered porch for 1,680 sq ft under roof; Interior professionally framed; electrical installed and power available; plumbing roughed in throughout; City water and sewer available, but taps have not yet been connected
