Fort Payne Commercial
5028 County Road 27 Fort Payne, AL 35968
5028 County Road 27, Fort Payne, AL, 35968
$159,900
For Sale
$159,900
COMMERCIAL - Fort Payne, AL
Property Size1,429 SF
Lot Size0.76 Acres
Price / SF$111.90
Days on Market308
Property Features for 5028 County Road 27
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Sidewalks
- Standard status
- Active
- Size
- 1,429 SF
- Lot size
- 0.76 Acres
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Carpet
- Roof type
- Metal
Listing Agency
Ole Heritage Realty, Inc.
(256) 997-0008
217 Gault Avenue N, Fort Payne, AL
Listed by
Sabrena Brasher · License #126780
(256) 404-1508
Added: Sep 13, 2025 Checked: Jul 17 at 5:06 am
MLS# 21899074
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Investment Insights
Based on property information with market context.
Located in Fort Payne, Alabama, this property on Sand Mountain has served as a church and parsonage. Situated on a 0.76-acre lot, the 1,429 square foot building presents various opportunities. While it could continue functioning as a church with parsonage housing, alternative uses include rental properties, a warehouse, or a small factory. The property also offers the potential for adding storage units.
Key Highlights
- Versatile property suitable for various uses: church, rental properties, warehouse, factory, or storage units.
- Includes both a church and parsonage.
- Features a parking lot.
Local Financial Insights For Apartment 5plus
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 | $15.1k | $10.56 |
| − Vacancy | −$905 | −$0.63 |
| EGI | $14.2k | $9.93 |
| − OpEx | −$6.4k | −$4.47 |
| NOI | $7.8k | $5.46 |
1,429 SF · lease $10.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$111.5K
$97.5K – $130.0K
NOI $7,802 @ 7.0% cap · market cap 4.88%
Second Best
Warehouse
$78.3K
$68.5K – $91.4K
NOI $5,481 @ 7.0% cap · market cap 3.43%
Theoretical Best
Healthcare Medical
$230.2K
$201.4K – $268.6K
NOI $16,115 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - Church and parsonage with multiple potential uses on Sand Mountain.
Where is this church & religious facility located?
The property is located at 5028 County Road 27 Fort Payne, AL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Versatile property suitable for various uses: church, rental properties, warehouse, factory, or storage units.; Includes both a church and parsonage.; Features a parking lot.
