Duplex Medical Office
427 S 4th Street Gadsden, AL 35901
427 S 4th Street, Gadsden, AL, 35901
$419,900
For Sale
$419,900
Duplex-style medical office features two waiting/reception areas, exam rooms, and labs with ample on-site parking.
Property Size2,574 SF
Price / SF$163.13
Days on Market464
Property Features for 427 S 4th Street
General Information
- Standard status
- Active
- Size
- 2,574 SF
- Property subtype
- Commercial
Listing agency
Corporate South Realty, Inc
(256) 543-1292
Listed by
Wesley Sutton · License #78909
(256) 543-1292
Source
Alabamaland
Added: Apr 15, 2025 Updated: Jul 22 at 12:44AM Checked: Jul 22 at 12:44AM
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 Corporate South Realty, Inc
Investment Insights
Based on property information with market context.
Duplex-style medical office building offering two distinct office halves. The right side includes a waiting/reception area, an executive office with a private bath, three exam rooms, a lab, an additional office, and a patient bath. The left side also has a waiting/reception area, three exam rooms, an office, a kitchenette, and a lab. The building is constructed with brick and has a metal roof and metal siding designed for low maintenance.
Located downtown on a main thoroughfare from Rainbow Drive toward Downtown, near Riverview Regional Medical Center. The property is described as having high visibility along STH 4th St and ample parking on-site.
The layout supports a medical office configuration with multiple exam rooms and lab space on both sides, along with patient-facing waiting areas and office support rooms.
Located downtown on a main thoroughfare from Rainbow Drive toward Downtown, near Riverview Regional Medical Center. The property is described as having high visibility along STH 4th St and ample parking on-site.
The layout supports a medical office configuration with multiple exam rooms and lab space on both sides, along with patient-facing waiting areas and office support rooms.
Key Highlights
- Duplex‑style medical office with two waiting/reception areas, exam rooms, and labs
- Right side includes waiting/reception, executive office with private bath, 3 exam rooms, lab, office, and patient bath
- Left side includes waiting/reception, 3 exam rooms, office, kitchenette, and lab
Local Financial Insights For Healthcare Medical
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 | $51.0k | $19.80 |
| − Vacancy | −$5.4k | −$2.08 |
| EGI | $45.6k | $17.72 |
| − OpEx | −$18.2k | −$7.09 |
| NOI | $27.4k | $10.63 |
2,574 SF · lease $19.80/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$391.0K
$342.1K – $456.1K
NOI $27,368 @ 7.0% cap · market cap 6.52%
Second Best
Office B
$237.5K
$207.8K – $277.1K
NOI $16,624 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Donald K. ...
Dental Office
Norris Jr S ...
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Duplex-style medical office features two waiting/reception areas, exam rooms, and labs with ample on-site parking.
Where is this medical office space located?
The property is located at 427 S 4th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Duplex‑style medical office with two waiting/reception areas, exam rooms, and labs; Right side includes waiting/reception, executive office with private bath, 3 exam rooms, lab, office, and patient bath; Left side includes waiting/reception, 3 exam rooms, office, kitchenette, and lab
