Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Walker St Gadsden, AL 35904

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,650,000

    2 +/- acre commercial property in prime Gadsden location.

    Lot size:
    2.54 Acres

    Property Features for 1 Walker St

    General Information

    Standard status
    Active
    Lot size
    2.54 Acres

    We can help!

    Listing Contact
    Andy Hughes
    Source: Exprealty

    Listing Agency: Realty Plus, Inc. Listing Agent: Andy Hughes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land Ready to Develop

    This commercial property offers approximately 2 acres of land ready for development in Gadsden, Alabama. Situated in a prime location just off I-59 at the Attalla Exit, the property benefits from high visibility and traffic. It is located between the Ruby Tuesday building and I-59, presenting a potential income opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.091591
    Latitude
    33.998429

    Nearby Similar for Sale

    • $450,000
      42.17 Acres

      42-Acre Multi-Use Opportunity

      Versatile property on 42 acres with diverse recreational and commercial potential.
      445 White Oak Dr, Gadsden, AL 35905
      View Details
    • $649,900
      0.57 Acres

      Office Building with Tenant

      Office property in Gadsden, AL with tenant in place.
      305 S 4Th St, Gadsden, AL 35901
      View Details
    • $1,100,000
      9,200 SF

      Gadsden Commercial Building For Sale

      Three-story commercial building with parking in Gadsden, Alabama.
      101 Broad St, Gadsden, AL 35901
      View Details
    • $149,900
      0.06 Acres

      Historic Alabama City Commercial Space

      Located in the heart of Alabama City's historic commercial district.
      218 Wall St, Gadsden, AL 35904
      View Details
    • $365,000
      2.24 Acres

      Gadsden Office Building For Sale

      Multi-use office building with high visibility and expansion potential.
      2600 E Meighan Blvd, Gadsden, AL 35903
      View Details
    • New
      $625,000
      5,700 SF

      Downtown Gadsden Retail and Apartment

      Commercial building with retail space and studio apartment in downtown.
      520 Broad St, Gadsden, AL 35901
      View Details
    • $135,000

      Gadsden Retail Building For Sale

      Corner lot with large building, parking, and easy access.
      3204 Forrest Ave, Gadsden, AL 35904
      View Details
    • $437,500
      0.33 Acres

      Gadsden Medical Office with Parking

      Duplex-style medical office near Riverview Regional Medical Center.
      427 S 4Th St, Gadsden, AL 35901
      View Details
    • $244,500
      0.26 Acres

      Downtown Gadsden Commercial Office Space

      Versatile commercial property in the heart of downtown Gadsden.
      756 Walnut St, Gadsden, AL 35901
      View Details
    • $499,900
      0.20 Acres

      Downtown Gadsden Commercial Building For Sale

      7,300 SF +/- brick building in downtown Gadsden.
      534 Walnut St, Gadsden, AL 35901
      View Details
    • $189,000
      0.52 Acres

      Downtown Gadsden Office with Expansion

      Charming office building in downtown Gadsden with room to expand.
      409 S 4Th St, Gadsden, AL 35901
      View Details
    • $569,900
      2.00 Acres

      Gadsden Warehouse with Highway Visibility

      Office warehouse facility near Highway 431, I-59, and downtown.
      1229 Malone St, Gadsden, AL 35904
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2 +/- acre commercial property in prime Gadsden location.
    Where is this commercial land located?
    The property is located at 1 Walker St Gadsden, AL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Prime commercial location off I-59 at the Attalla Exit.; - High visibility and traffic area.; - 2 +/- acres of commercial property ready to develop.
    (256) 312-5125
    Request Owner's contact information
    1 Walker St Gadsden, AL 35904
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Walker St
    Gadsden, AL 35904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Walker St Gadsden, AL 35904
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andy Hughes
    (256) 312-5125
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.