Flex Space with Loading
New
For Sale
$449,900
107 S 26th Street, Gadsden, AL 35904
COMMERCIAL - Gadsden, AL
Property Size6,883 SF
Lot Size0.38 Acres
Price / SF$65.36
Days on Market1
Property Features for 107 S 26th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
Head South On Us411 S,Turn Right On Lakewood Dr,Turn Left On Beechwood Pass,Turn Left On Us411 N,Turn Left On Walnut St,Turn Right Onto S 11th St,Turn Left At 3rd Cross Street Onto Chestnut St, Turn Right On S 25th St, Turn Left On Cansler Ave & 26th St
Standard status
Active
Size
6,883 SF
Lot size
0.38 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
men's and women's restroom
kitchen
office space
conference room
new flooring
storage upstairs
Building Details
Floors in Building
1
Flooring type
Carpet, Vinyl, Concrete
Listing Agency:
Bone Realty Company
(256) 546-5543
Listed By:
Sara McClendon · License #17152
(256) 490-0389
Added: Aug 3
Last Checked: Aug 3 at 4:06PM
MLS# 21891210
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Investment Insights
Based on property information with market context.
This 6,883-square-foot flex-space property combines work, administrative, and storage areas within a commercial building on a 0.38-acre corner lot. The layout includes a loading dock, separate men’s and women’s restrooms, a kitchen, dedicated office space, and a conference room. Upstairs storage adds additional functional capacity, while carpet, vinyl, and concrete flooring serve different areas of the building. Two new HVAC units and new flooring provide recent updates.
The property includes a parking lot and is served by public water and public sewer. Located at 107 S 26th Street in Gadsden, Alabama, the building offers a combination of operational, office, meeting, and storage space for a range of flex-space users.
The property includes a parking lot and is served by public water and public sewer. Located at 107 S 26th Street in Gadsden, Alabama, the building offers a combination of operational, office, meeting, and storage space for a range of flex-space users.
Key Highlights
- 6,883‑square‑foot commercial building on a 0.38‑acre corner lot
- One loading dock and on‑site parking lot
- Office, conference room, kitchen, and separate men’s and women’s restrooms
Financial Insights For Warehouse
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 | $47.9k | $6.96 |
| − Vacancy | −$3.4k | −$0.49 |
| EGI | $44.6k | $6.47 |
| − OpEx | −$6.7k | −$0.97 |
| NOI | $37.9k | $5.50 |
6,883 SF · lease $6.96/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$809.7K
$708.5K – $944.6K
NOI $56,678 @ 7.0% cap · market cap 12.60%
Second Best
Office B
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 9.88%
Theoretical Best
Specialty Retail
$1.13M
$984.7K – $1.31M
NOI $78,778 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35904, AL
13,559
Population
6,272
Households
2.2
Avg Household Size
41
Median Age
11%
College-Educated
80%
High-School Grad
48.8 sq mi
ZIP Area
278
Density / Sq Mi
$40,915
Median Household Income
$28,479
Median Earnings
$792
Median Rent
$100,100
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?
Flex space - Updated commercial facility with offices, meeting space, storage, parking, and public utilities.
Where is this flex space located?
The property is located at 107 S 26th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 6,883‑square‑foot commercial building on a 0.38‑acre corner lot; One loading dock and on‑site parking lot; Office, conference room, kitchen, and separate men’s and women’s restrooms
