Warehouse Property with Overhead
For Sale
$118,000
224 Princeton Avenue, Gadsden, AL 35904
A level, dual-frontage parcel contains three buildings with varied door configurations.
Property Size900 SF
Price / SF$131.11
Days on Market609
Property Features for 224 Princeton Avenue
General Information
Standard status
Active
Size
900 SF
Property subtype
INVESTMENT
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
900 SF
Buildings
3
Abandoned
No
Listing Agency:
Swafford Auction Group LLC
Listed By:
Shane Swafford · License #58627
(256) 509-5172
Source:
Intownpartners
Added: Feb 27, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:32AM
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 Swafford Auction Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The level warehouse property has frontage on two roads and includes three separate structures. The primary block building measures 30' x 30' and has a metal roof, two 8' x 9' overhead doors, and a 32-inch side entrance. A second metal building measures 17' x 20' and has a 6.5' door; an 8' x 10' portable building is also on the lot.
The property is next to Dollar General and lies between US HWY 411 and Princeton Avenue. The buildings and multiple entrances offer a range of enclosed space and access points on the site.
The property is next to Dollar General and lies between US HWY 411 and Princeton Avenue. The buildings and multiple entrances offer a range of enclosed space and access points on the site.
Key Highlights
- 30' x 30' block building with metal roof
- Two 8' x 9' overhead doors and one 32‑inch side entrance
- Additional 17' x 20' metal building with a 6.5' door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,952
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,040
$99.0K
Cap Rate 7%
$70,743
$70.7K
Cap Rate 9%
$55,022
$55.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$6.3K $6.96/SF
− Vacancy
−$438 −$0.49/SF
EGI
$5.8K $6.47/SF
− OpEx
−$874 −$0.97/SF
NOI
$5.0K $5.50/SF
Area
Etowah County, AL
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,040
Cap Rate 7%
$70,743
Cap Rate 9%
$55,022
Alternative Uses
Best Use
Warehouse
$70.7K
$61.9K – $82.5K
NOI $4,952 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$147.2K
$128.8K – $171.7K
NOI $10,301 @ 7.0% cap · market cap 8.73%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35904, AL
13,559
Population
6,272
Households
2.2
Avg Household Size
41
Median Age
11%
College-Educated
80%
High-School Grad
48.8 sq mi
ZIP Area
278
Density / Sq Mi
$40,915
Median Household Income
$28,479
Median Earnings
$792
Median Rent
$100,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - A level, dual-frontage parcel contains three buildings with varied door configurations.
Where is this warehouse located?
The property is located at 224 Princeton Avenue Gadsden, AL.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: 30' x 30' block building with metal roof; Two 8' x 9' overhead doors and one 32‑inch side entrance; Additional 17' x 20' metal building with a 6.5' door
