Turnkey Retail or Office
15391 Highway 431 S Gadsden, AL 35905
For Sale
$299,000
Fully remodeled commercial suite with an open main area, restrooms, kitchenette, storage, and an unfinished basement.
Property Size1,260 SF
Price / SF$237.30
Days on Market107
Property Features for 15391 Highway 431 S
General Information
- Standard status
- Active
- Size
- 1,260 SF
- Property subtype
- Commercial
Listing Agency:
Keller Williams Realty Group
(256) 241-1500
Listed By:
Taylor McAllister · License #140544
Source:
Alabamaland
Added: Apr 9
Changed: Jul 21
Last Checked: Jul 23 at 7:03AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This fully remodeled, turn-key commercial space offers a flexible layout designed for retail, office, or service-based use. The unit includes an open main area along with a public restroom, private restroom, kitchenette, storage room, and an unfinished basement.
The property is located along Highway 431, a major north-south corridor, with estimated traffic counts of 18,000+ vehicles per day, providing high visibility and exposure.
Inside, the configuration supports a straightforward customer or work flow through the open main area, complemented by restrooms and utility space for day-to-day operations.
The property is located along Highway 431, a major north-south corridor, with estimated traffic counts of 18,000+ vehicles per day, providing high visibility and exposure.
Inside, the configuration supports a straightforward customer or work flow through the open main area, complemented by restrooms and utility space for day-to-day operations.
Key Highlights
- Fully remodeled commercial suite with a flexible layout for retail, office, or service‑based businesses
- Open main area plus public restroom, private restroom, and kitchenette
- Includes storage room and an unfinished basement for additional workspace or storage
Financial Insights For Retail
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 | $18.9k | $15.00 |
| − Vacancy | −$2.3k | −$1.80 |
| EGI | $16.6k | $13.20 |
| − OpEx | −$5.0k | −$3.96 |
| NOI | $11.6k | $9.24 |
1,260 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$166.3K
$145.5K – $194.0K
NOI $11,642 @ 7.0% cap · market cap 3.89%
Second Best
Office B
$116.3K
$101.7K – $135.6K
NOI $8,138 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$206.0K
$180.3K – $240.4K
NOI $14,421 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Fully remodeled commercial suite with an open main area, restrooms, kitchenette, storage, and an unfinished basement.
Where is this retail space located?
The property is located at 15391 Highway 431 S Gadsden, AL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully remodeled commercial suite with a flexible layout for retail, office, or service‑based businesses; Open main area plus public restroom, private restroom, and kitchenette; Includes storage room and an unfinished basement for additional workspace or storage
