Flex Property with
For Sale
$425,000
1308 Highway 431 S, Glencoe, AL 35905
Business Opportunity, Glencoe, AL
Property Size3,584 SF
Lot Size14.60 Acres
Price / SF$118.58
Days on Market97
Property Features for 1308 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
Subdivision
Metes And Bounds
Directions
From Green Valley Road In Glencoe, Turn Right Onto Highway 431 South. In 1.7 Miles, Property Will Be On The Right.
Standard status
Active
Size
3,584 SF
Lot size
14.60 Acres
Utilities
Sewer type
Septic Tank
Cooling system
Window Unit(s), Central Air
Water source
Public
Amenities
4 private office rooms
kitchen
full bathroom
Building Details
Year built
1886
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Era King Real Estate
(256) 442-1030
Listed By:
Stephanie Ajlouny · License #114936
(256) 676-8309
Added: May 20
Changed: Aug 24
Last Checked: Aug 24 at 4:06PM
MLS# 21918591
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Investment Insights
Based on property information with market context.
This flex property occupies 14.6 acres and includes 3,584 square feet of improvements across multiple buildings. The office building contains four private office rooms, a kitchen, and a full bathroom, creating a functional administrative area. A workshop exceeding 2,300 square feet provides substantial room for fabrication, repairs, equipment, or storage, while a separate building adds more than 800 square feet.
The property is located on Highway 431 S in Glencoe, Alabama. Improvements include concrete flooring, metal roofing, window-unit and central air cooling, public water service, and a septic tank. The site combines office, workshop, and additional building space within a single commercial property.
The property is located on Highway 431 S in Glencoe, Alabama. Improvements include concrete flooring, metal roofing, window-unit and central air cooling, public water service, and a septic tank. The site combines office, workshop, and additional building space within a single commercial property.
Key Highlights
- 14.6‑acre flex property in Glencoe, AL
- 3,584 square feet of property improvements
- Workshop with over 2,300 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$590,240
$590.2K
Cap Rate 7%
$421,600
$421.6K
Cap Rate 9%
$327,911
$327.9K
Market Conditions
NOI Build-Up for 3,584 SF
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.
Gross rent
$49.5K $13.80/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$45.4K $12.67/SF
− OpEx
−$15.9K −$4.43/SF
NOI
$29.5K $8.23/SF
Area
Etowah County, AL
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$590,240
Cap Rate 7%
$421,600
Cap Rate 9%
$327,911
Alternative Uses
Best Use
Flex RnD
$421.6K
$368.9K – $491.9K
NOI $29,512 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$281.7K
$246.5K – $328.7K
NOI $19,719 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$586.0K
$512.8K – $683.7K
NOI $41,020 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35905, AL
6,706
Population
2,862
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
41.8 sq mi
ZIP Area
160
Density / Sq Mi
$65,505
Median Household Income
$38,315
Median Earnings
$715
Median Rent
$188,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial property with private offices, kitchen, workshop, and additional space for storage or operations.
Where is this flex space located?
The property is located at 1308 Highway 431 S Glencoe, AL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 14.6‑acre flex property in Glencoe, AL; 3,584 square feet of property improvements; Workshop with over 2,300 square feet
