Spacious Multi-Purpose Commercial
9010 US Highway 431 Albertville, AL 35951
9010 US Highway 431, Albertville, AL, 35951
$1,900,000
For Sale
$1,900,000
COMMERCIAL - Albertville, AL
Property Size11,000 SF
Price / SF$172.73
Days on Market141
Property Features for 9010 US Highway 431
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 11,000 SF
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Flooring type
- Carpet
Listing agency
The Real Estate Group
(256) 878-1000
Listed by
Tracy Honea · License #89486
(256) 302-2590
Added: Mar 4 Updated: May 14 at 2:25AM Checked: Jul 23 at 6:06AM
MLS# 21901380
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Investment Insights
Based on property information with market context.
These spacious multi-purpose commercial properties are located in Albertville, Alabama. The property offers high visibility with approximately 201 feet of road frontage on HWY 431, as well as rear access from Mitchell Avenue. There are two buildings on the property. One is a two-story building with approximately 7394 square feet, featuring 10 offices, a reception area/lobby, 3 bathrooms, and conference rooms. The other is a one-story building with approximately 4224 square feet. Parking is available at the rear of the buildings. The total property size is approximately 11000 square feet.
Key Highlights
- High visibility location with approximately 201 feet of road frontage on HWY 431.
- Two buildings included: a 2‑story building (approx. 7394 sq.ft.) and a 1‑story building (approx. 4224 sq.ft.).
- The 2‑story building features 10 offices, reception area/lobby, and conference rooms, plus 3 bathrooms.
Local Financial Insights For Office B
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 | $198.0k | $18.00 |
| − Vacancy | −$32.7k | −$2.97 |
| EGI | $165.3k | $15.03 |
| − OpEx | −$41.3k | −$3.76 |
| NOI | $124.0k | $11.27 |
11,000 SF · lease $18.00/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $123,998 @ 7.0% cap · market cap 6.53%
Second Best
Retail
$1.00M
$877.2K – $1.17M
NOI $70,173 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,193 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two buildings with high visibility and road frontage on HWY 431.
Where is this office building located?
The property is located at 9010 US Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High visibility location with approximately 201 feet of road frontage on HWY 431.; Two buildings included: a 2‑story building (approx. 7394 sq.ft.) and a 1‑story building (approx. 4224 sq.ft.).; The 2‑story building features **10 offices, reception area/lobby, and conference rooms**, plus 3 bathrooms.
