Two-Entrance Flex
New
For Sale
$199,000
223 North W Street, Talladega, AL 35160
Multi-room commercial space includes offices, storage areas, retail potential, and a kitchen area without appliances.
Property Size3,200 SF
Price / SF$61.42
Days on Market3
Property Features for 223 North W Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial/Industrial
Building Details
Buildings
1
Building Size
3,200 SF
Listing Agency:
EXIT Realty - Cheaha
(205) 677-8660
Listed By:
Julie Watson
(205) 677-8660
Source:
Exitrealty
Added: Aug 2
Changed: Aug 4
Last Checked: Aug 4 at 5:58AM
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 EXIT Realty - Cheaha
Investment Insights
Based on property information with market context.
This 3,240-square-foot flex property combines two buildings with a multi-room interior suited to office, storage, retail, or blended commercial use. Two separate entrances provide distinct access points for dividing the space between users. Several office areas feature built-in shelving, while a kitchen area is present without appliances.
The property sits one block from the courthouse square at 223 North W Street in Talladega, Alabama. Its existing room configuration and separate entrances offer flexibility for an owner-occupant, multiple users, or a combination of business functions, subject to confirmation of permitted uses and local ordinances with the City of Talladega.
The property sits one block from the courthouse square at 223 North W Street in Talladega, Alabama. Its existing room configuration and separate entrances offer flexibility for an owner-occupant, multiple users, or a combination of business functions, subject to confirmation of permitted uses and local ordinances with the City of Talladega.
Key Highlights
- 3,240 SF flex property comprising two buildings
- Two entrances provide separate access points
- Multiple office rooms with built‑in shelving
Financial Insights For Flex RnD
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 | $29.2k | $9.00 |
| − Vacancy | −$2.5k | −$0.77 |
| EGI | $26.7k | $8.24 |
| − OpEx | −$9.3k | −$2.88 |
| NOI | $17.3k | $5.35 |
3,240 SF · lease $9.00/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$432.2K
$378.1K – $504.2K
NOI $30,251 @ 7.0% cap · market cap 15.20%
Second Best
Retail
$327.3K
$286.4K – $381.8K
NOI $22,910 @ 7.0% cap · market cap 11.51%
Theoretical Best
Office A
$662.7K
$579.9K – $773.2K
NOI $46,390 @ 7.0% cap · market cap 23.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35160, AL
27,074
Population
13,147
Households
2.1
Avg Household Size
42
Median Age
16%
College-Educated
81%
High-School Grad
332.7 sq mi
ZIP Area
81
Density / Sq Mi
$50,007
Median Household Income
$32,821
Median Earnings
$772
Median Rent
$129,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sodexo — 627 W Battle St, Talladega, AL 35160
Frequently Asked Questions
What type of property is this?
Flex space - Multi-room commercial space includes offices, storage areas, retail potential, and a kitchen area without appliances.
Where is this flex space located?
The property is located at 223 North W Street Talladega, AL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 3,240 SF flex property comprising two buildings; Two entrances provide separate access points; Multiple office rooms with built‑in shelving
