Highway 431 Commercial
5261 Us Highway 431 Albertville, AL 35950
For Sale
$450,000
Commercial property featuring office space and workshop bays on Highway 431.
Property Size1,500 SF
Lot Size0.34 Acres
Price / SF$300
Days on Market549
Property Features for 5261 Us Highway 431
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.34 Acres
- Property subtype
- Business Opportunity
Listing Agency:
South Towne Realtors, LLC
(256) 302-7722
Listed By:
Jeff Overstreet · License #64243
(256) 302-7722
Source:
Exprealty
Added: Jan 24, 2025
Changed: Jul 6
Last Checked: Jul 26 at 7:29PM
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 commercial property, situated on Highway 431, offers a total gross space of 1,500 square feet. It features a front office area suitable for client meetings and administrative tasks. The property also includes a three-bay workshop in the back, which is ideal for manufacturing, storage, or service-oriented businesses. Convenient parking is available for both employees and customers.
Key Highlights
- High‑traffic location on Highway 431.
- 1,500 sq ft total gross space suitable for various business needs.
- Includes a bright, professional front office area and a 3‑bay workshop.
Financial Insights For Office B
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 | $27.0k | $18.00 |
| − Vacancy | −$4.5k | −$2.97 |
| EGI | $22.5k | $15.03 |
| − OpEx | −$5.6k | −$3.76 |
| NOI | $16.9k | $11.27 |
1,500 SF · lease $18.00/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 3.76%
Second Best
Flex RnD
$123.0K
$107.6K – $143.5K
NOI $8,611 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$323.8K
$283.3K – $377.7K
NOI $22,663 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Commercial property featuring office space and workshop bays on Highway 431.
Where is this flex space located?
The property is located at 5261 Us Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High‑traffic location on Highway 431.; 1,500 sq ft total gross space suitable for various business needs.; Includes a bright, professional front office area and a 3‑bay workshop.
