Flex Space with Fenced
1229 MALONE STREET, Gadsden, AL 35901
For Sale
$499,900
Commercial Sale, GADSDEN, AL
Property Size9,696 SF
Lot Size2.00 Acres
Price / SF$51.56
Days on Market642
Property Features for 1229 MALONE STREET
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Water source
Building Details
Year built
Floors in Building
Flooring type
Roof type
Buildings
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License AL #78909
(256) 504-7665
Added: Feb 8, 2025
Changed: Oct 29
Last Checked: Nov 11 at 1:06PM
MLS# 21880599
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property combines an open warehouse and work area with office space positioned to overlook activity on the floor. A separate metal building measures approximately 1,380 square feet, and the main building has a 12-by-12-foot roll-up door. Concrete flooring, a metal roof, and public water are also part of the property. The main building’s reported area is not consistent across the listing details, so no building area is stated here.
The approximately 2-acre site is near Highway 431, I-59, and downtown Gadsden. Fenced yard space accommodates truck maneuvering, equipment storage, or parking.
The approximately 2-acre site is near Highway 431, I-59, and downtown Gadsden. Fenced yard space accommodates truck maneuvering, equipment storage, or parking.
Key Highlights
- Approximately 2‑acre property near Highway 431, I‑59, and downtown Gadsden
- Separate metal building of approximately 1,380 square feet
- 12‑by‑12‑foot roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,168
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,360
$883.4K
Cap Rate 7%
$630,971
$631.0K
Cap Rate 9%
$490,756
$490.8K
Market Conditions
NOI Build-Up for 9,696 SF
Gross rent
$67.5K $6.96/SF
− Vacancy
−$4.4K −$0.45/SF
EGI
$63.1K $6.51/SF
− OpEx
−$18.9K −$1.95/SF
NOI
$44.2K $4.56/SF
Area
Etowah County, AL
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,360
Cap Rate 7%
$630,971
Cap Rate 9%
$490,756
Alternative Uses
Best Use
Flex RnD
$1.14M
$998.0K – $1.33M
NOI $79,841 @ 7.0% cap · market cap 15.97%
Second Best
Warehouse
$762.1K
$666.8K – $889.1K
NOI $53,346 @ 7.0% cap · market cap 10.67%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $110,974 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Under-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
$174,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Etowah County, AL
Properties on Market for Flex space in Etowah County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Jenarda's Catering & Event — 620 Broad St, Gadsden, AL 35901
Frequently Asked Questions
What type of property is this?
Flex space - A detached metal building and open yard area add useful support space to the office and warehouse facility.
Where is this flex space located?
The property is located at 1229 MALONE STREET Gadsden, AL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Approximately 2‑acre property near Highway 431, I‑59, and downtown Gadsden; Separate metal building of approximately 1,380 square feet; 12‑by‑12‑foot roll‑up door
