Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    409 S 4Th St Gadsden, AL 35901

    Sponsored
    For Sale
    $189,000

    Office - Gadsden, AL

    Type:Office
    Lot size:
    0.52 Acres
    Days on Market:
    184
    Last Refresh:
    Jan 23 at 2:06 am

    Property Features for 409 S 4Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    1502091000144.000
    Lot size
    0.52 Acres

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Wesley Sutton

    CORPORATE SOUTH REALTY,INC (256) 543-1292

    Listing agent Wesley Sutton (256) 543-1292

    Listing date Jul 24, 2025

    MLS# 21894952 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Gadsden Office with Expansion

    This charming office building is strategically located on the main vein from Rainbow Drive to downtown Gadsden. The office is set up with a waiting/reception area, conference room, and three executive offices. It also includes a bathroom and an ideal spot for a break room/kitchenette. There is plenty of room to park next to and behind the building. A detached garage is ideal for storing items for your business. The lot size is 0.52 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.005838
    Latitude
    34.007976

    Nearby Similar for Sale

    • New
      $450,000
      42.17 Acres

      42-Acre Multi-Use Opportunity

      Versatile property on 42 acres with diverse recreational and commercial potential.
      445 White Oak Dr, Gadsden, AL 35905
      View Details
    • $649,900
      0.57 Acres

      Office Building with Tenant

      Office property in Gadsden, AL with tenant in place.
      305 S 4Th St, Gadsden, AL 35901
      View Details
    • $1,100,000
      9,200 SF

      Gadsden Commercial Building For Sale

      Three-story commercial building with parking in Gadsden, Alabama.
      101 Broad St, Gadsden, AL 35901
      View Details
    • $149,900
      0.06 Acres

      Historic Alabama City Commercial Space

      Located in the heart of Alabama City's historic commercial district.
      218 Wall St, Gadsden, AL 35904
      View Details
    • $365,000
      2.24 Acres

      Gadsden Office Building For Sale

      Multi-use office building with high visibility and expansion potential.
      2600 E Meighan Blvd, Gadsden, AL 35903
      View Details
    • $135,000

      Gadsden Retail Building For Sale

      Corner lot with large building, parking, and easy access.
      3204 Forrest Ave, Gadsden, AL 35904
      View Details
    • $437,500
      0.33 Acres

      Gadsden Medical Office with Parking

      Duplex-style medical office near Riverview Regional Medical Center.
      427 S 4Th St, Gadsden, AL 35901
      View Details
    • $244,500
      0.26 Acres

      Downtown Gadsden Commercial Office Space

      Versatile commercial property in the heart of downtown Gadsden.
      756 Walnut St, Gadsden, AL 35901
      View Details
    • $499,900
      0.20 Acres

      Downtown Gadsden Commercial Building For Sale

      7,300 SF +/- brick building in downtown Gadsden.
      534 Walnut St, Gadsden, AL 35901
      View Details
    • $569,900
      2.00 Acres

      Gadsden Warehouse with Highway Visibility

      Office warehouse facility near Highway 431, I-59, and downtown.
      1229 Malone St, Gadsden, AL 35904
      View Details
    • $129,000

      Gadsden, AL Investment Opportunity

      High-visibility lot with multiple buildings, ideal for small business.
      224 Princeton Ave, Gadsden, AL 35904
      View Details
    • $399,900
      0.42 Acres

      Gadsden Office Space For Sale

      Timeless office space near Riverview Regional Medical Center.
      704 S 4Th St, Gadsden, AL 35901
      View Details

    FAQs

    What type of property is this?
    Office building - Charming office building in downtown Gadsden with room to expand.
    Where is this office building located?
    The property is located at 409 S 4Th St Gadsden, AL.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - Prime downtown Gadsden location on a main thoroughfare.; - Includes a conference room, 3 executive offices, reception area, and bathroom.; - Space for a break room/kitchenette.
    (256) 543-1292
    Request Owner's contact information
    409 S 4Th St Gadsden, AL 35901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409 S 4Th St
    Gadsden, AL 35901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409 S 4Th St Gadsden, AL 35901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Wesley Sutton
    (256) 543-1292
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.