Three-Building Flex
New
For Sale
$650,000
100 Carroll Street, Albertville, AL 35950
Business Opportunity, Albertville, AL
Property Size11,830 SF
Lot Size2.24 Acres
Price / SF$54.95
Days on Market1
Property Features for 100 Carroll Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 8, Bathroom 7, Bathroom 3
Parking features
Parking Lot
Subdivision
Metes And Bounds
Lot features
High Visibility
Directions
From 431 S, Turn Right Onto Hwy 75, Go To 5 Points Red Light And Take A Slight Left Onto South Broad St. Property Will Be On Your Left. 5 Star Sports Complex
Standard status
Active
APN
1902103002083.001
Size
11,830 SF
Lot size
2.24 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1995
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Anna Weathers Smith · License #123879
(256) 302-0110
Added: Sep 4
Last Checked: Sep 4 at 11:06PM
MLS# 21928429
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Investment Insights
Based on property information with market context.
This flex property includes three separate buildings on a 2.24-acre site. The primary building contains approximately 11,830 square feet with roll-up doors, loading docks, an office, reception area, and bathrooms. A second building measures 1,090 square feet and has power, while the third provides 1,566 square feet for storage or additional workspace. Total improvements exceed 14,000 square feet.
Built in 1995, the property features concrete flooring, a metal roof, and a parking lot. Public water and public sewer serve the site. The property is located at 100 Carroll Street in Albertville, near downtown and just off Highway 75.
Built in 1995, the property features concrete flooring, a metal roof, and a parking lot. Public water and public sewer serve the site. The property is located at 100 Carroll Street in Albertville, near downtown and just off Highway 75.
Key Highlights
- Three‑building flex property with more than 14,000 total square feet
- 2.24‑acre site at 100 Carroll Street, Albertville, AL 35950
- Main building offers approximately 11,830 square feet
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
$51,042
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
7.85%
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%
$1,020,840
$1.0M
Cap Rate 7%
$729,171
$729.2K
Cap Rate 9%
$567,133
$567.1K
Market Conditions
NOI Build-Up for 11,830 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
$63.9K $5.40/SF
− Vacancy
−$3.8K −$0.32/SF
EGI
$60.0K $5.08/SF
− OpEx
−$9.0K −$0.76/SF
NOI
$51.0K $4.31/SF
Area
Marshall County, AL
Vacancy
6.00%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,020,840
Cap Rate 7%
$729,171
Cap Rate 9%
$567,133
Alternative Uses
Best Use
Flex RnD
$970.2K
$848.9K – $1.13M
NOI $67,914 @ 7.0% cap · market cap 10.45%
Second Best
Warehouse
$729.2K
$638.0K – $850.7K
NOI $51,042 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,733 @ 7.0% cap · market cap 27.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office, storage, and workspace functions across three buildings.
Where is this flex space located?
The property is located at 100 Carroll Street Albertville, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑building flex property with more than 14,000 total square feet; 2.24‑acre site at 100 Carroll Street, Albertville, AL 35950; Main building offers approximately 11,830 square feet
