Gadsden Commercial Building For
101 Broad St., Gadsden, AL 35901
Commercial Building - Gadsden, AL
Property size:
9,200 SFLot size:
0.41 AcresPrice / SF:
$119/SF- Added:
- Apr 12, 2025
- Days on Market:
- 407
- Last Refresh:
- May 23 at 8:06 am
Property Features for 101 Broad St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 200
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Kitchen
- Parking features
- Garage, Garage - Attached
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 15-02-04-4-000-333,335,336
- Size
- 9,200 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Electric (Heating), Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Year renovated
- 1950
- Floors in Building
- 3
- Flooring type
- Carpet, Tile, Vinyl
- Roof type
- Flat
- Architectural style
- Other
Listing agent Amanda Israel (256) 203-9090
Listing office Amanda Real Estate Group 712 Chastain Blvd. W, Glencoe, AL (256) 203-9090
Listing date Apr 12, 2025
MLS# 11472570
Listing URL
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.
HighLights
- Prime corner lot location at 101 Broad Street and N. 1st Street.
- Valuable and hard‑to‑find parking, including garage and attached garage.
- Large, three‑story building including a basement.
- Great storefront location with offices and conference room.
- Heating: Electric, Forced Air, and Heat Pump; Cooling: Central Air.
- Available for the first time in many years.
Overview
This commercial building, constructed in 1950, is available for sale. The three-story building includes a basement and features street frontage and parking. Located on the corner of Broad Street and N. 1st Street, the property offers a storefront location with offices and a conference room. The building has a total area of 9,200 square feet and is situated on a 0.41-acre lot. The property includes garage parking and remnants of a car lift from its original use as a tire company. The zoning is 200. The property is currently occupied and shown by appointment only.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$944.5K
NOI $85,008 @ 9.00% cap · cautious / downside scenario
Moderate
$1.21M
NOI $85,008 @ 7.00% cap · market / base-case scenario
Aggressive
$1.70M
NOI $85,008 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.0k | $15.00 |
| − Vacancy | −$16.6k | −$1.80 |
| EGI | $121.4k | $13.20 |
| − OpEx | −$36.4k | −$3.96 |
| NOI | $85.0k | $9.24 |
9,200 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $85,008 @ 7.0% cap · market cap 7.73%
Second Best
Office B
$848.8K
$742.7K – $990.3K
NOI $59,417 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$1.50M
$1.32M – $1.75M
NOI $105,297 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Micro Excell Computers
Electronics & Wireless Store
Burger 101
Restaurant
Similar Places Nearby
- The Lilypad florist of Gadsden — 825 W Meighan Blvd, Gadsden, AL 35901
- The Lily Pad Florist — 825 W Meighan Blvd, Gadsden, AL 35901
- Gadsden Flowers & Gifts — gadsden, al 35901
- Rococo Floral Studio — 215 N 4th St, Gadsden, AL 35901
- Blooms On Broad — 428 Broad St, Gadsden, AL 35901
Location Insight
- Map
- Local Demand
- City
- Gadsden
- County
- Etowah
- State
- Alabama
- Longitude
- -85.999951
- Latitude
- 34.01157
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Three-story commercial building with parking in Gadsden, Alabama.
Where is this storefront property located?
The property is located at 101 Broad St. Gadsden, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime corner lot location at 101 Broad Street and N. 1st Street.; Valuable and hard‑to‑find parking, including garage and attached garage.; Large, three‑story building including a basement.
