Updated Flex
For Sale
$524,900
12475 Highway 431 S, Boaz, AL 35956
Business Opportunity, Boaz, AL
Property Size6,800 SF
Lot Size4.68 Acres
Price / SF$77.19
Days on Market88
Property Features for 12475 Highway 431 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Directions
Call Agent For Directions
Standard status
Active
APN
0403080001037.001
Size
6,800 SF
Lot size
4.68 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Hollie Bobo · License #124569
(256) 302-4557
Added: Jul 14
Changed: Oct 6
Last Checked: Oct 9 at 10:06PM
MLS# 21917675
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Investment Insights
Based on property information with market context.
This flex-space property includes a 6,800-square-foot commercial building on 4.68 acres. Interior and exterior improvements have been completed, with concrete flooring, a metal roof, central heating, central air conditioning, and two bathrooms. The building was constructed in 1980 and includes a parking lot.
Located at 12475 Highway 431 S in Boaz, the property has public water and a septic tank sewer system. The acreage provides additional outdoor area alongside the existing building and parking improvements.
Located at 12475 Highway 431 S in Boaz, the property has public water and a septic tank sewer system. The acreage provides additional outdoor area alongside the existing building and parking improvements.
Key Highlights
- 6,800‑square‑foot building on 4.68 acres
- Remodeled interior and exterior improvements
- Concrete flooring and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,037
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,740
$780.7K
Cap Rate 7%
$557,671
$557.7K
Cap Rate 9%
$433,744
$433.7K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$65.3K $9.60/SF
− Vacancy
−$5.2K −$0.77/SF
EGI
$60.1K $8.83/SF
− OpEx
−$21.0K −$3.09/SF
NOI
$39.0K $5.74/SF
Area
Marshall County, AL
Vacancy
8.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,740
Cap Rate 7%
$557,671
Cap Rate 9%
$433,744
Alternative Uses
Best Use
Flex RnD
$557.7K
$488.0K – $650.6K
NOI $39,037 @ 7.0% cap · market cap 7.44%
Second Best
Industrial
$385.6K
$337.4K – $449.8K
NOI $26,989 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,738 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35956, AL
9,109
Population
3,892
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
87%
High-School Grad
74.3 sq mi
ZIP Area
123
Density / Sq Mi
$57,598
Median Household Income
$36,569
Median Earnings
$816
Median Rent
$170,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building offers central heating and air conditioning with on-site parking.
Where is this flex space located?
The property is located at 12475 Highway 431 S Boaz, AL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 6,800‑square‑foot building on 4.68 acres; Remodeled interior and exterior improvements; Concrete flooring and metal roof
