Professional Office Building For
1105 Cedarwood Drive SW Fort Payne, AL 35968
1105 Cedarwood Drive SW, Fort Payne, AL, 35968
$250,000
For Sale
$250,000
SINGLE_FAMILY - Fort Payne, AL
Property Size1,927 SF
Lot Size0.11 Acres
Price / SF$129.74
Days on Market53
Property Features for 1105 Cedarwood Drive SW
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 2201123001023.001
- Size
- 1,927 SF
- Lot size
- 0.11 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Carpet, Vinyl
Listing Agency
Southern Properties Agency Inc
(256) 845-6000
311 Gault Avenue N, Fort Payne, AL
Listed by
Kevin Burt · License #66758
(256) 996-0003
Added: May 26 Checked: Jul 17 at 3:06 am
MLS# 21881576
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Investment Insights
Based on property information with market context.
This professional office building, situated in an established business area, offers a versatile space suitable for various professional endeavors. The building encompasses 1,927 square feet and is located in Fort Payne, AL. The property is situated on a 0.11-acre lot. The layout includes a waiting room, a reception area, multiple offices, two restrooms, and a kitchenette/break room. The property is located in DEKALB County.
Key Highlights
- Prime location
- Professional office building
- Multiple offices
Local Financial Insights For Office B
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 | $22.0k | $11.40 |
| − Vacancy | −$4.8k | −$2.51 |
| EGI | $17.1k | $8.89 |
| − OpEx | −$4.3k | −$2.22 |
| NOI | $12.9k | $6.67 |
1,927 SF · lease $11.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$183.6K
$160.6K – $214.2K
NOI $12,851 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$310.4K
$271.6K – $362.2K
NOI $21,731 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tomas Q Pineda ...
Pediatrician
Pineda Arma
Employment Agency
Tomas Pinedajr.
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Professional office building with multiple offices, waiting room, and more.
Where is this office building located?
The property is located at 1105 Cedarwood Drive SW Fort Payne, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location; Professional office building; Multiple offices
