Remodeled Flex
For Sale
$269,900
15391 Highway 431, Gadsden, AL 35905
Open commercial layout includes two restrooms, a kitchenette, storage, and unfinished basement space.
Property Size1,260 SF
Price / SF$214.21
Days on Market59
Property Features for 15391 Highway 431
General Information
Standard status
Active
Size
1,260 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
public restroom
kitchenette
private restroom
Building Details
Year Built
1960
Listing Agency:
KW Realty Group
Listed By:
Taylor McAllister · License #140544
(256) 419-3983
Source:
Alrealtorgroup
Added: Aug 17
Changed: Oct 9
Last Checked: Oct 7 at 2:47PM
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 KW Realty Group
Investment Insights
Based on property information with market context.
This 1,260-square-foot flex property was built in 1960 and has undergone a full remodel. The interior provides an open main area supported by a public restroom, private restroom, kitchenette, storage room, and unfinished basement. The layout can accommodate retail, office, or service-oriented operations, with room for future customization.
The property is positioned along Highway 431 at 15391 Highway 431 in Gadsden, Alabama. Highway 431 functions as a north-south corridor with estimated traffic of more than 18,000 vehicles per day, providing a prominent setting for commercial activity. The configuration is suited to an owner-user or investor seeking a remodeled commercial building with multiple functional areas.
The property is positioned along Highway 431 at 15391 Highway 431 in Gadsden, Alabama. Highway 431 functions as a north-south corridor with estimated traffic of more than 18,000 vehicles per day, providing a prominent setting for commercial activity. The configuration is suited to an owner-user or investor seeking a remodeled commercial building with multiple functional areas.
Key Highlights
- 1,260 SF flex property along Highway 431
- Estimated traffic counts exceed 18,000 vehicles per day
- Fully remodeled commercial building originally built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,642
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
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
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 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
Flex RnD
$148.2K
$129.7K – $172.9K
NOI $10,375 @ 7.0% cap · market cap 3.84%
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.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout includes two restrooms, a kitchenette, storage, and unfinished basement space.
Where is this flex space located?
The property is located at 15391 Highway 431 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 SF flex property along Highway 431; Estimated traffic counts exceed 18,000 vehicles per day; Fully remodeled commercial building originally built in 1960
