Sheffield Commercial Property For
1409 E 2nd St Sheffield, AL 35660
1409 E 2nd St, Sheffield, AL, 35660
$164,900
For Sale
$164,900
900 sq ft commercial property on busy 2nd Street.
Property Size900 SF
Price / SF$183.22
Days on Market124
Property Features for 1409 E 2nd St
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1918
Listing Agency
MarMac Real Estate - Elite Pro
(256) 366-3957
Listed by
Jennifer Bragwell · License #000118860
(256) 366-3957
Source
Exitrealty
Added: Mar 16 Checked: Jul 16 at 7:34 am
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 MarMac Real Estate - Elite Pro
Investment Insights
Based on property information with market context.
This 900 sq ft commercial property is located on 2nd Street in Sheffield, a high-traffic visibility area. The property is situated on two parcels and is adjacent to Southern Grocery. It is suitable for use as a small office, with room for expansion.
Key Highlights
- High traffic visibility on 2nd Street
- Located next to Southern Grocery
- Opportunity for expansion
Local Financial Insights For Office B
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 | $12.6k | $14.04 |
| − Vacancy | −$2.8k | −$3.09 |
| EGI | $9.9k | $10.95 |
| − OpEx | −$2.5k | −$2.74 |
| NOI | $7.4k | $8.21 |
900 SF · lease $14.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$105.6K
$92.4K – $123.2K
NOI $7,392 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.7K
$125.8K – $167.7K
NOI $10,060 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LaborSource/Epsco
Employment Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 900 sq ft commercial property on busy 2nd Street.
Where is this office units located?
The property is located at 1409 E 2nd St Sheffield, AL.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: High traffic visibility on 2nd Street; Located next to Southern Grocery; Opportunity for expansion
