Five-Bay Flex
For Sale
$275,000
1590 MCCLUNEY STREET, Gadsden, AL 35903
Land, GADSDEN, AL
Property Size2,600 SF
Lot Size3.10 Acres
Price / SF$105.77
Days on Market204
Property Features for 1590 MCCLUNEY STREET
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Subdivision
METES AND BOUNDS
Lot features
Level
Elementary school
GLENCOE ELEMENTARY
Middle school
GLENCOE
High school
GLENCOE
Directions
278, L on goodyear ave, R on Phillips street, L on McCluney
Standard status
Active
APN
1403070001069001
Lot size
3.10 Acres
Additional Details
Property Use
Shop
Utilities
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Katie Mckenzie · License #105125
(256) 613-6516
Added: Apr 9
Changed: Oct 29
Last Checked: Oct 29 at 2:06PM
MLS# 21914673
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 65-by-40-foot shop sits on a fenced 3.1-acre parcel at 1590 McCluney Street in Gadsden. Its garage configuration includes five 10-by-10-foot doors and one 14-by-14-foot door. Spray foam insulation and electricity are in place, and plumbing has been roughed in for a two-bedroom, one-bath living space.
A circular driveway and parking pad serve the property. Public water and a septic tank are present, with power hookups also noted.
A circular driveway and parking pad serve the property. Public water and a septic tank are present, with power hookups also noted.
Key Highlights
- 65‑by‑40‑foot shop on 3.1 acres
- Five 10‑by‑10‑foot garage doors and one 14‑by‑14‑foot door
- Plumbing roughed in for a two‑bedroom, one‑bath living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$35.9K $13.80/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$32.9K $12.67/SF
− OpEx
−$11.5K −$4.43/SF
NOI
$21.4K $8.23/SF
Area
Etowah County, AL
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Flex RnD
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 7.79%
Second Best
Warehouse
$204.4K
$178.8K – $238.4K
NOI $14,305 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$425.1K
$372.0K – $496.0K
NOI $29,758 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fenced acreage surrounds a shop with electrical service and plumbing for a two-bedroom, one-bath living area.
Where is this flex space located?
The property is located at 1590 MCCLUNEY STREET Gadsden, AL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 65‑by‑40‑foot shop on 3.1 acres; Five 10‑by‑10‑foot garage doors and one 14‑by‑14‑foot door; Plumbing roughed in for a two‑bedroom, one‑bath living area
