Two-Building Office
For Sale
$1,700,000
9010 US Highway 431, Albertville, AL 35951
Business Opportunity, Albertville, AL
Property Size11,000 SF
Lot Size0.74 Acres
Price / SF$154.55
Days on Market135
Property Features for 9010 US Highway 431
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Directions
Hwy 431 S, Go Thru Red Light At Mapco, Properties On Right With Sign
Standard status
Active
Size
11,000 SF
Lot size
0.74 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Flooring type
Carpet
Listing Agency:
The Real Estate Group · RE/MAX International
(256) 878-1000
Listed By:
Tracy Honea · License #89486
(256) 302-2590
Added: May 14
Changed: Sep 18
Last Checked: Sep 25 at 6:06AM
MLS# 21901380
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 office property includes two separate buildings totaling approximately 11,000 square feet. The larger two-story building measures approximately 7,394 square feet and contains 10 offices, a reception area and lobby, three bathrooms, and conference rooms. A second one-story building adds approximately 4,224 square feet. Carpet flooring is present, and parking is located behind the buildings.
The property occupies 0.741 acres with approximately 201 feet of frontage on US Highway 431 and rear access from Mitchell Avenue. Public water and public sewer serve the site. The address is 9010 US Highway 431 in Albertville, Alabama.
The property occupies 0.741 acres with approximately 201 feet of frontage on US Highway 431 and rear access from Mitchell Avenue. Public water and public sewer serve the site. The address is 9010 US Highway 431 in Albertville, Alabama.
Key Highlights
- Two office buildings totaling approximately 11,000 square feet
- Two‑story building with approximately 7,394 square feet
- 10 offices, reception area, lobby, 3 bathrooms, and conference rooms
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
$123,998
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
7.29%
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%
$2,479,960
$2.5M
Cap Rate 7%
$1,771,400
$1.8M
Cap Rate 9%
$1,377,756
$1.4M
Market Conditions
NOI Build-Up for 11,000 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
$198.0K $18.00/SF
− Vacancy
−$32.7K −$2.97/SF
EGI
$165.3K $15.03/SF
− OpEx
−$41.3K −$3.76/SF
NOI
$124.0K $11.27/SF
Area
Marshall County, AL
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,479,960
Cap Rate 7%
$1,771,400
Cap Rate 9%
$1,377,756
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $123,998 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,193 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 35951, AL
14,219
Population
5,778
Households
2.5
Avg Household Size
36
Median Age
14%
College-Educated
75%
High-School Grad
77.8 sq mi
ZIP Area
183
Density / Sq Mi
$51,869
Median Household Income
$30,701
Median Earnings
$688
Median Rent
$147,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Office campus with multiple offices, reception space, conference rooms, public utilities, and rear parking.
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 $1,700,000.
What are key features of this property?
This property features: Two office buildings totaling approximately 11,000 square feet; Two‑story building with approximately 7,394 square feet; 10 offices, reception area, lobby, 3 bathrooms, and conference rooms
