15391 Highway 431 S Gadsden, AL 35905
SINGLE_FAMILY - Gadsden, AL
Property Features for 15391 Highway 431 S
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 0604170001047001
- Size
- 1,260 SF
- Lot size
- 0.49 Acres
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl, Tile
Listing agent Taylor McAllister License #140544 (256) 419-3983
Listing office Keller Williams Realty Group 1805 Hillyer Robinson Pkwy, AL (256) 241-1500
Listing date Jun 29, 2026
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Investment Insights
Based on property information with market context.
The building is located along Highway 431 S in Gadsden, Alabama, a major north-south corridor with estimated traffic counts of 18,000+ vehicles per day. With frontage on this high-visibility roadway, the property is positioned for strong exposure to passersby.
The layout and improvements make the space practical for a variety of tenants, including retail, office, or service-based businesses seeking move-in-ready condition. The combination of public and private restroom facilities, along with a kitchenette and dedicated storage room, helps support both customer service functions and internal workflow. An unfinished basement adds further storage or flexibility for an operator who wants extra usable space beyond the primary level.
Key Highlights
- Fully remodeled commercial space with open main area plus public restroom and private restroom
- Kitchenette, storage room, and unfinished basement provide additional usable space
- Versatile layout suitable for retail, office, or service‑based businesses
Local Financial Insights For Retail
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 | $18.9k | $15.00 |
| − Vacancy | −$2.3k | −$1.80 |
| EGI | $16.6k | $13.20 |
| − OpEx | −$5.0k | −$3.96 |
| NOI | $11.6k | $9.24 |
