Storefront Property With
For Sale
Contact for pricing
1011 Forrest Ave, Gadsden, AL 35901
Two-story commercial building with dedicated upper-level office space and an existing drive-through configuration.
Property Size8,400 SF
Price / SF$92.26
Days on Market189
Property Features for 1011 Forrest Ave
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Office, Retail
Additional Details
Drive-Thru
Yes
Building Details
Year Built
2009
Buildings
1
Stories
2
Listing Agency:
The Retail Companies
Listed By:
Bill Clements · License #AL 75945
(205) 823-3070
Source:
Crexi
Added: Apr 10
Changed: Oct 12
Last Checked: Oct 14 at 10:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Retail Companies
Investment Insights
Based on property information with market context.
This two-story storefront property contains 8,400 SF of commercial building area, with a dedicated office component on the upper level. Constructed in 2009, the building offers an established layout combining customer-facing space with separate administrative space. An existing drive-through configuration is incorporated into the property, supporting consideration for quick-service food, coffee, pharmacy, or service retail operations.
The property is located at 1011 Forrest Ave in Gadsden, Alabama, along Forrest Avenue’s primary commercial corridor. Its position provides visibility from the avenue and places the building within an established commercial setting. The combination of storefront space, upper-floor offices, and drive-through infrastructure creates a flexible physical configuration for an owner-user or commercial operator.
The property is located at 1011 Forrest Ave in Gadsden, Alabama, along Forrest Avenue’s primary commercial corridor. Its position provides visibility from the avenue and places the building within an established commercial setting. The combination of storefront space, upper-floor offices, and drive-through infrastructure creates a flexible physical configuration for an owner-user or commercial operator.
Key Highlights
- 8,400 SF two‑story storefront building
- Existing drive‑through configuration
- Dedicated office space on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,251
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,020
$1.1M
Cap Rate 7%
$775,014
$775.0K
Cap Rate 9%
$602,789
$602.8K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$92.7K $11.04/SF
− Vacancy
−$20.4K −$2.43/SF
EGI
$72.3K $8.61/SF
− OpEx
−$18.1K −$2.15/SF
NOI
$54.3K $6.46/SF
Area
Etowah County, AL
Vacancy
22.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,020
Cap Rate 7%
$775,014
Cap Rate 9%
$602,789
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,141 @ 7.0% cap · market cap 12.41%
Second Best
Retail
$1.11M
$970.2K – $1.29M
NOI $77,616 @ 7.0% cap · market cap 10.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story commercial building with dedicated upper-level office space and an existing drive-through configuration.
Where is this storefront property located?
The property is located at 1011 Forrest Ave Gadsden, AL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 8,400 SF two‑story storefront building; Existing drive‑through configuration; Dedicated office space on the upper level
