Remodeled Flex
12475 HIGHWAY 431 S, Boaz, AL 35956
For Sale
$524,900
Commercial Sale, BOAZ, AL
Property Size6,800 SF
Lot Size4.68 Acres
Price / SF$77.19
Days on Market186
Property Features for 12475 HIGHWAY 431 S
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Hollie Bobo · License AL #124569
(256) 302-4557
Added: May 11
Changed: Nov 3
Last Checked: Nov 12 at 6:06AM
MLS# 21917675
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Investment Insights
Based on property information with market context.
This 6,800-square-foot flex property was built in 1980 and has block construction, a metal roof, and concrete floors. Interior and exterior remodeling is reported. The building includes two bathrooms, central heating fueled by natural gas, and central air conditioning, with public water service and a parking lot.
The property is located at 12475 Highway 431 S in Boaz, Alabama.
The property is located at 12475 Highway 431 S in Boaz, Alabama.
Key Highlights
- 6,800‑square‑foot flex property on Highway 431 S in Boaz
- 4.68‑acre parcel
- Block construction with a metal roof and concrete flooring
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
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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
$170,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Marshall County, AL
Properties on Market for Flex space in Marshall County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The building combines concrete flooring, two bathrooms, central heating and cooling, and a dedicated parking lot.
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 flex property on Highway 431 S in Boaz; 4.68‑acre parcel; Block construction with a metal roof and concrete flooring
