Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23366 Bibb Garrett Rd, Unit MEDIUM OPTION Tanner, AL 35671

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23366 Bibb Garrett Rd, Unit MEDIUM OPTION Tanner, AL 35671

    View on Map
    • Distribution centers
    • 306,096 SF
    • 25.00 lot acres
    For Lease
    View Listing →
    Industrial Facility in Greenbrier Area For Lease
    Contact for pricing

    Industrial Facility in Greenbrier Area

    Class A industrial facility for lease in Tanner, Alabama.

    23366 Bibb Garrett Road, #Medium Option, Tanner, AL 35671
    View Listing
    Property ID
    US03-3033335
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • River & Rocket Commerce Center / Warehouse & Storage
    • Sundown Rescue Commercial Tires And Road Service / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 23366 Bibb Garrett Rd

    Year built
    2022
    Lot size
    25.00 lot acres
    Property size
    306,096 SF
    Property type
    Distribution centers
    APN
    1901010000001012
    APU
    1901010000001012

    Description

    This exceptional Class A industrial warehouse facility, located at 23366 Bibb Garrett Road, Tanner, Alabama 35671, offers a prime opportunity for businesses seeking efficient and modern space. Situated in Limestone County with convenient access to Interstates 65 and 565, this property boasts a total of 305,760 square feet, with 109,000 square feet currently available for lease. The minimum divisible space is 40,000 square feet, while the maximum contiguous space available is also 109,000 square feet. The building features a desirable 32-foot ceiling height, providing ample vertical storage capacity. Loading is facilitated by 70 dock-high doors, ensuring efficient and streamlined operations. The property is zoned M-1 (Light Industrial) and benefits from robust 1000 AMP electrical service. This is an ideal location for distribution and warehouse operations, offering easy access to major transportation arteries and a strong workforce. The property is classified as a multi-tenant building. Don't miss this chance to secure your business's future in this exceptional industrial space. Inquire today for details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tanner
    County
    Limestone
    State
    Alabama
    Longitude
    -86.9072
    Latitude
    34.641
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $272,676
    $0.00
    $0.00
    $6,183,140
    -
    $625,000
    $33,584,600
    $34,209,600

    Comparable in this City

    • Value Estimation by Request
      83,160 SF

      25218 Will Mccomb Dr

      Distribution properties • 83,160 SF
      25218 Will Mccomb Dr, Tanner, AL 35671
      View Details
    • Value Estimation
      $21,430,000
      395,770 SF

      5271 Endeavor Way

      DISTRIBUTION WAREHOUSE • 395,770 SF
      5271 Endeavor Way, Tanner, AL 35671-3028
      View Details
    • Value Estimation by Request
      108,000 SF

      5059 Endeavor Way

      Distribution properties • 108,000 SF
      5059 Endeavor Way, Tanner, AL 35671
      View Details
    • Value Estimation
      $550,000
      11,724 SF

      5600 Mooresville Rd

      DISTRIBUTION WAREHOUSE • 11,724 SF
      5600 Mooresville Rd, Tanner, AL 35671
      View Details
    • Value Estimation by Request
      201,140 SF

      5860 Mooresville Rd

      DISTRIBUTION WAREHOUSE • 201,140 SF
      5860 Mooresville Rd, Tanner, AL 35671-3022
      View Details
    • Value Estimation by Request
      139,905 SF

      23275 Bibb Garrett Rd

      Distribution properties • 139,905 SF
      23275 Bibb Garrett Rd, Tanner, AL 35671
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      139,905 SF

      Park 565 Industrial Campus

      306,000 SF Industrial Space For Sale
      23275 Bibb Garrett Rd, Tanner, AL 35671
      View Details
    • Contact for pricing

      67 Acres Shovel Ready Land

      67 +/- acres of commercial land, fully entitled and shovel ready.
      22427 Huntsville Brownsferry Rd, Tanner, AL 35671
      View Details
    • Contact for pricing

      687 Acres Alabama Megasite Land

      687 acres suitable for industrial or multi-use development.
      @ I-65 Martin Line Rd, Tanner, AL 35671
      View Details
    • $15,200,000

      687 Acres Megasite Land Parcel

      687 acre megasite suitable for industrial or multi-use development.
      @ I-65 Martin Line Rd, Tanner, AL 35671
      View Details
    • Contact for pricing

      Prime Commercial Land I-65 Location

      Commercial land on I-65 near Huntsville, Decatur, and Athens.
      Bibb Garrett Ln, Decatur, AL 35671
      View Details
    • Contact for pricing

      457 Acres Development Acreage

      457.11 acres of unrestricted land near I-65.
      Fennell Rd, Tanner, AL 35671
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      108,000 SF

      Prime Tanner Warehouse Space

      44,000 SF Warehouse - I-65 Access
      5059 Endeavor Way, Tanner, AL 35671
      View Details
    • $7 SF/Yr

      Industrial Hub Leasing Opportunity

      Premier industrial space for lease in Tanner, Alabama.
      23275 Bibb Garrett Rd, Tanner, AL 35671
      View Details
    • Contact for pricing

      Industrial Facility in Greenbrier Area

      Class A industrial facility for lease in Tanner, Alabama.
      23366 Bibb Garrett Rd, Tanner, AL 35671
      View Details
    • Contact for pricing

      Available Warehouses in Convenient Location

      Multiple warehouses for rent in a centrally located area.
      24895 N Gin St, Tanner, AL 35671
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23366 Bibb Garrett Rd, Unit MEDIUM OPTION
    Tanner, AL 35671
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!