New
For Sale
$176,500
1801 S 11th Street, Gadsden, AL 35901
COMMERCIAL - Gadsden, AL
Property Size1,000 SF
Lot Size1.75 Acres
Price / SF$176.50
Days on Market4
Property Features for 1801 S 11th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Cresent Heights
Directions
South 11th Street At The End Of Black Creek Parkway
Standard status
Active
Size
1,000 SF
Lot size
1.75 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Bone Realty Company
(256) 546-5543
Listed By:
Judith Hamil · License #16980
(256) 441-5839
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 6 at 8:06AM
MLS# 21885582
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Financial Insights For Apartment 5plus
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 | $10.2k | $10.20 |
| − Vacancy | −$714 | −$0.71 |
| EGI | $9.5k | $9.49 |
| − OpEx | −$4.3k | −$4.27 |
| NOI | $5.2k | $5.22 |
1,000 SF · lease $10.20/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$74.5K
$65.2K – $87.0K
NOI $5,217 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$163.5K
$143.1K – $190.8K
NOI $11,445 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
Where is this commercial land located?
The property is located at 1801 S 11th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $176,500.
