Auto Shop
For Sale
$459,900
2445 E Broad Street, Gadsden, AL 35903
Business Opportunity, Gadsden, AL
Property Size6,000 SF
Lot Size2.00 Acres
Price / SF$76.65
Days on Market50
Property Features for 2445 E Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
Metes And Bounds
Directions
Use Gps
Standard status
Active
Size
6,000 SF
Lot size
2.00 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Concrete
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Lesa Young · License #158059
(256) 328-9548
Added: Jul 27
Changed: Sep 13
Last Checked: Sep 14 at 9:06AM
MLS# 21924859
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.
Investment Insights
Based on property information with market context.
This auto shop property includes a 6,000-square-foot building with tile and concrete flooring, two bathrooms, public water, and public sewer service. The source information identifies the building as suitable for body shop or light industrial use.
Located at 2445 E Broad Street in Gadsden, Alabama, the property is positioned within Etowah County and carries a 35903 ZIP code. The building’s existing configuration and utility connections provide a straightforward starting point for automotive or light industrial operations.
Located at 2445 E Broad Street in Gadsden, Alabama, the property is positioned within Etowah County and carries a 35903 ZIP code. The building’s existing configuration and utility connections provide a straightforward starting point for automotive or light industrial operations.
Key Highlights
- 6,000‑square‑foot building
- Identified for body shop or light industrial use
- Tile and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,332
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,640
$546.6K
Cap Rate 7%
$390,457
$390.5K
Cap Rate 9%
$303,689
$303.7K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$41.8K $6.96/SF
− Vacancy
−$2.7K −$0.45/SF
EGI
$39.0K $6.51/SF
− OpEx
−$11.7K −$1.95/SF
NOI
$27.3K $4.56/SF
Area
Etowah County, AL
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,640
Cap Rate 7%
$390,457
Cap Rate 9%
$303,689
Alternative Uses
Best Use
Retail
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 12.05%
Second Best
Industrial
$390.5K
$341.7K – $455.5K
NOI $27,332 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$981.0K
$858.4K – $1.14M
NOI $68,672 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Building offers a substantial footprint with public water and public sewer service.
Where is this auto shop located?
The property is located at 2445 E Broad Street Gadsden, AL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 6,000‑square‑foot building; Identified for body shop or light industrial use; Tile and concrete flooring
