Office Space with Detached
For Sale
$449,500
8523 US Highway 431, Albertville, AL 35950
COMMERCIAL - Albertville, AL
Property Size2,343 SF
Lot Size0.57 Acres
Price / SF$191.85
Days on Market91
Property Features for 8523 US Highway 431
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot, Driveway
Exterior features
Storage
Subdivision
Atwell Motley
Lot features
High Visibility
Directions
Highway 431 Directly Across From Slim Chickens In Albertville
Standard status
Active
APN
1902042004003.000
Size
2,343 SF
Lot size
0.57 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
multiple offices
reception area
kitchen
conference room
storage
detached space
signage
Building Details
Year built
1970
Floors in Building
1
Flooring type
Carpet
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Trenten Hammond · License #126012
(256) 841-5982
Added: May 14
Changed: Aug 5
Last Checked: Aug 12 at 2:06PM
MLS# 21917964
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 commercial office property offers a practical interior layout with multiple offices, a reception area, a kitchen, a conference room, storage, and an additional detached space for added flexibility. The building is supported by ample parking and includes signage for visibility along US Highway 431.
The property is located at 8523 US Highway 431 in Albertville, Alabama, on a 0.57-acre lot in a high-traffic setting. Public remarks note the area is surrounded by new development and is minutes from Sand Mountain Park.
With the combination of private office space, common reception and conference areas, and dedicated storage, the configuration is suitable for professional use within a single property footprint.
The property is located at 8523 US Highway 431 in Albertville, Alabama, on a 0.57-acre lot in a high-traffic setting. Public remarks note the area is surrounded by new development and is minutes from Sand Mountain Park.
With the combination of private office space, common reception and conference areas, and dedicated storage, the configuration is suitable for professional use within a single property footprint.
Key Highlights
- Commercial office space on Hwy 431 with multiple offices, reception area, kitchen, and conference room
- Includes storage and a detached space for added flexibility
- Central heating and central air conditioning
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
$27,177
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
6.05%
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%
$543,540
$543.5K
Cap Rate 7%
$388,243
$388.2K
Cap Rate 9%
$301,967
$302.0K
Market Conditions
NOI Build-Up for 2,343 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
$50.6K $21.60/SF
− Vacancy
−$5.3K −$2.27/SF
EGI
$45.3K $19.33/SF
− OpEx
−$18.1K −$7.73/SF
NOI
$27.2K $11.60/SF
Area
Marshall County, AL
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$543,540
Cap Rate 7%
$388,243
Cap Rate 9%
$301,967
Alternative Uses
Best Use
Healthcare Medical
$388.2K
$339.7K – $453.0K
NOI $27,177 @ 7.0% cap · market cap 6.05%
Second Best
Office B
$377.3K
$330.1K – $440.2K
NOI $26,411 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$505.7K
$442.5K – $590.0K
NOI $35,399 @ 7.0% cap · market cap 7.88%
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
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 35950, AL
22,239
Population
7,762
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
79%
High-School Grad
43.2 sq mi
ZIP Area
515
Density / Sq Mi
$56,457
Median Household Income
$35,450
Median Earnings
$808
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office suite on US Highway 431 with multiple offices, reception, and conference room, plus a detached space.
Where is this office building located?
The property is located at 8523 US Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: Commercial office space on Hwy 431 with multiple offices, reception area, kitchen, and conference room; Includes storage and a detached space for added flexibility; Central heating and central air conditioning
