Remodeled Retail
For Sale
$269,900
15391 Highway 431 S, Gadsden, AL 35905
Business Opportunity, Gadsden, AL
Property Size1,260 SF
Lot Size0.49 Acres
Price / SF$214.21
Days on Market72
Property Features for 15391 Highway 431 S
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Business, Commercial
Subdivision
Metes And Bounds
Directions
From Anniston - Take Hwy 431 N To Wellington Area. Property Will Be On The Left.
Standard status
Active
APN
0604170001047001
Size
1,260 SF
Lot size
0.49 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
open main area
public restroom
kitchenette
private restroom
storage room
unfinished basement
Building Details
Floors in Building
1
Flooring type
Vinyl, Tile
Listing Agency:
Keller Williams Realty Group
(256) 241-1500
Listed By:
Taylor McAllister · License #140544
(256) 419-3983
Added: Jul 18
Changed: Sep 17
Last Checked: Sep 27 at 8:06AM
MLS# 21914645
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully remodeled retail space offers 1,260 square feet with a practical layout for retail, office, or service-oriented use. The interior includes an open main area, public and private restrooms, a kitchenette, storage room, and an unfinished basement. Tile and vinyl flooring are installed throughout the space.
Positioned along Highway 431, the property benefits from visibility on a north-south corridor reporting estimated traffic counts of 18,000+ vehicles per day. Public water and a septic tank serve the property, providing the core utility infrastructure for its current commercial configuration.
Positioned along Highway 431, the property benefits from visibility on a north-south corridor reporting estimated traffic counts of 18,000+ vehicles per day. Public water and a septic tank serve the property, providing the core utility infrastructure for its current commercial configuration.
Key Highlights
- 1,260 square feet of remodeled commercial space
- Estimated traffic counts of 18,000+ vehicles per day along Highway 431
- Open main area with public and private restrooms
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
$11,642
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
4.31%
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%
$232,840
$232.8K
Cap Rate 7%
$166,314
$166.3K
Cap Rate 9%
$129,356
$129.4K
Market Conditions
NOI Build-Up for 1,260 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
$18.9K $15.00/SF
− Vacancy
−$2.3K −$1.80/SF
EGI
$16.6K $13.20/SF
− OpEx
−$5.0K −$3.96/SF
NOI
$11.6K $9.24/SF
Area
Etowah County, AL
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$232,840
Cap Rate 7%
$166,314
Cap Rate 9%
$129,356
Alternative Uses
Best Use
Retail
$166.3K
$145.5K – $194.0K
NOI $11,642 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$206.0K
$180.3K – $240.4K
NOI $14,421 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
359
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Fitzgerald Peterbilt
Shops & Services
359 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with an open interior, restrooms, kitchenette, storage, and basement area.
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 $269,900.
What are key features of this property?
This property features: 1,260 square feet of remodeled commercial space; Estimated traffic counts of 18,000+ vehicles per day along Highway 431; Open main area with public and private restrooms
