Two-Story Live-Work Commercial
For Sale
$294,900
1110 Al Highway 75, Albertville, AL 35951
Two-story building with ground-level office or retail rooms and an upstairs two-bedroom apartment with living space.
Property Size2,418 SF
Price / SF$121.96
Days on Market440
Property Features for 1110 Al Highway 75
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Business Opportunity
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Stories
2
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Jeff Overstreet · License #64243
(256) 302-7722
Source:
Exprealty
Added: Jun 23, 2025
Changed: Aug 20
Last Checked: Sep 5 at 9:18AM
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 South Towne Realtors, LLC
Investment Insights
Based on property information with market context.
This two-story live-work commercial building offers flexible configuration across two levels. The ground level is suited for office or retail use and includes four functional rooms/offices and one bathroom. The upstairs apartment features two bedrooms, a full bathroom, plus a kitchen and living room for personal use or rental.
The property is located on Highway 75 and is positioned for high daily traffic exposure. The address is 1110 Al Highway 75 in Albertville, AL.
For buyers seeking a combined commercial and residential setup, the layout provides dedicated space for day-to-day work or customer-facing activity below, while maintaining separate living space above.
The property is located on Highway 75 and is positioned for high daily traffic exposure. The address is 1110 Al Highway 75 in Albertville, AL.
For buyers seeking a combined commercial and residential setup, the layout provides dedicated space for day-to-day work or customer-facing activity below, while maintaining separate living space above.
Key Highlights
- Highway 75 high‑visibility commercial property with massive daily traffic exposure
- 2,418 SF two‑story building in Albertville with ground‑level commercial space and an upstairs apartment
- Ground level features 4 functional rooms/offices and 1 bathroom, suited for office or retail use
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
$15,425
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
5.23%
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%
$308,500
$308.5K
Cap Rate 7%
$220,357
$220.4K
Cap Rate 9%
$171,389
$171.4K
Market Conditions
NOI Build-Up for 2,418 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
$24.1K $9.96/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$22.0K $9.11/SF
− OpEx
−$6.6K −$2.73/SF
NOI
$15.4K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$308,500
Cap Rate 7%
$220,357
Cap Rate 9%
$171,389
Alternative Uses
Best Use
Office B
$389.4K
$340.7K – $454.3K
NOI $27,257 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$220.4K
$192.8K – $257.1K
NOI $15,425 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$521.9K
$456.7K – $608.9K
NOI $36,532 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
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
Market
Vacancy Rate% for Office 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?
Live-work space - Two-story building with ground-level office or retail rooms and an upstairs two-bedroom apartment with living space.
Where is this live-work space located?
The property is located at 1110 Al Highway 75 Albertville, AL.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Highway 75 high‑visibility commercial property with massive daily traffic exposure; 2,418 SF two‑story building in Albertville with ground‑level commercial space and an upstairs apartment; Ground level features 4 functional rooms/offices and 1 bathroom, suited for office or retail use
