Flex Space with
For Sale
$365,000
2501 Third Street SW, Attalla, AL 35954
Business Opportunity, Attalla, AL
Property Size3,025 SF
Lot Size1.18 Acres
Price / SF$114.06
Days on Market58
Property Features for 2501 Third Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Driveway, Parking Lot, RV
Subdivision
Cloverdale
Lot features
High Visibility, Corner Lot
Directions
Take Hwy 11 South. Property Is On The Left About 1 Mile Past The Crossing Of Hwy 77 And Hwy 11.
Standard status
Active
APN
1605160001006.001
Size
3,200 SF
Lot size
1.18 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
2025
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Sue Holland Realty LLC
(256) 467-3555
Listed By:
Sue Holland · License #100473
(256) 312-1799
Added: Jul 12
Changed: Sep 7
Last Checked: Sep 7 at 12:06PM
MLS# 21908537
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.
Completed in 2025, this two-story flex facility combines customer-facing space, private offices, workshop area, storage, and parking on a 1.18-acre tract. The ground level includes a 40-by-20-foot front service and reception area, two 13-by-13-foot offices, two restrooms, and a 40-by-35-foot workshop. A 9-by-9-foot roll-up door serves the front area, while two 12-by-12-foot roll-up doors provide workshop access. The upper level adds storage and a 26-by-13-foot office with visibility into the work area.
The property fronts Hwy 11 in Attalla, Alabama, with a large parking lot, driveway, RV parking, and room for business signage and trucks. Building features include concrete flooring, a metal roof, public water, public sewer, and electric heating through a mini-split system with three heads. Natural gas is available at the property.
The property fronts Hwy 11 in Attalla, Alabama, with a large parking lot, driveway, RV parking, and room for business signage and trucks. Building features include concrete flooring, a metal roof, public water, public sewer, and electric heating through a mini-split system with three heads. Natural gas is available at the property.
Key Highlights
- Two‑story flex facility completed in 2025
- 1.18‑acre tract with frontage on Hwy 11 in Attalla, AL
- 40‑by‑35‑foot workshop with two 12‑by‑12‑foot roll‑up doors
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
$26,350
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
7.22%
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%
$527,000
$527.0K
Cap Rate 7%
$376,429
$376.4K
Cap Rate 9%
$292,778
$292.8K
Market Conditions
NOI Build-Up for 3,200 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
$44.2K $13.80/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$40.5K $12.67/SF
− OpEx
−$14.2K −$4.43/SF
NOI
$26.4K $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 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%
$527,000
Cap Rate 7%
$376,429
Cap Rate 9%
$292,778
Alternative Uses
Best Use
Flex RnD
$376.4K
$329.4K – $439.2K
NOI $26,350 @ 7.0% cap · market cap 7.22%
Second Best
Office B
$295.2K
$258.3K – $344.5K
NOI $20,667 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$523.2K
$457.8K – $610.4K
NOI $36,625 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35954, AL
12,145
Population
5,646
Households
2.2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
106.6 sq mi
ZIP Area
114
Density / Sq Mi
$56,004
Median Household Income
$37,924
Median Earnings
$681
Median Rent
$130,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Beatnick BBQ — 215 Gilbert Ferry Rd SE, Attalla, AL 35954
Frequently Asked Questions
What type of property is this?
Flex space - Two-story commercial facility with offices, service space, workshop capacity, truck parking, and highway frontage.
Where is this flex space located?
The property is located at 2501 Third Street SW Attalla, AL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑story flex facility completed in 2025; 1.18‑acre tract with frontage on Hwy 11 in Attalla, AL; 40‑by‑35‑foot workshop with two 12‑by‑12‑foot roll‑up doors
