Flex/Industrial Property with Multiple
For Sale
$118,000
224 Princeton Avenue, Gadsden, AL 35904
MULTI_FAMILY - Gadsden, AL
Property Size900 SF
Lot Size0.31 Acres
Price / SF$131.11
Days on Market101
Property Features for 224 Princeton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Subdivision
North Highland
Lot features
High Visibility
Directions
From Gadsden Take Us Hwy 411 North To Princeton Avenue And Turn Right At The Light. Property Is On The Left Past Dollar General.
Standard status
Active
APN
1007352000083 and 084
Size
900 SF
Lot size
0.31 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Swafford Auction Group LLC
(256) 927-8900
Listed By:
Shane Swafford · License #58627
(256) 509-5172
Added: Apr 21
Changed: Jul 28
Last Checked: Jul 30 at 8:06PM
MLS# 21882030
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Investment Insights
Based on property information with market context.
This flex/industrial property includes a level parcel with a 30' x 30' block building with a metal roof. The main building has two 8' x 9' overhead doors and one 32" side entrance door, along with additional outbuildings on-site, including a 17' x 20' metal building with a 6.5' door and an 8' x 10' portable building.
The property offers high visibility with double road frontage and is located next to Dollar General between US Highway 411 and Princeton Avenue in Gadsden, AL.
The site is configured for practical on-site operations with multiple structures and straightforward loading access via the overhead doors.
The property offers high visibility with double road frontage and is located next to Dollar General between US Highway 411 and Princeton Avenue in Gadsden, AL.
The site is configured for practical on-site operations with multiple structures and straightforward loading access via the overhead doors.
Key Highlights
- High visibility location with double road frontage.
- Ideal for business due to access and location between US HWY 411 and Princeton Avenue.
- Includes a 30' x 30' block building with metal roof.
Financial Insights For Specialty 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 | $14.6k | $16.20 |
| − Vacancy | −$846 | −$0.94 |
| EGI | $13.7k | $15.26 |
| − OpEx | −$3.4k | −$3.82 |
| NOI | $10.3k | $11.45 |
900 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$147.2K
$128.8K – $171.7K
NOI $10,301 @ 7.0% cap · market cap 8.73%
Second Best
Flex RnD
$105.9K
$92.6K – $123.5K
NOI $7,411 @ 7.0% cap · market cap 6.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35904, AL
13,559
Population
6,272
Households
2.2
Avg Household Size
41
Median Age
11%
College-Educated
80%
High-School Grad
48.8 sq mi
ZIP Area
278
Density / Sq Mi
$40,915
Median Household Income
$28,479
Median Earnings
$792
Median Rent
$100,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Level lot with metal-roof block building and multiple accessory metal structures, featuring two overhead doors.
Where is this flex space located?
The property is located at 224 Princeton Avenue Gadsden, AL.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: High visibility location with double road frontage.; Ideal for business due to access and location between US HWY 411 and Princeton Avenue.; Includes a 30' x 30' block building with metal roof.
