Auto Shop on Nearly Two
For Sale
$399,900
2445 East Broad Street, Gadsden, AL 35903
The building offers space for body shop or light industrial operations.
Property Size6,000 SF
Price / SF$66.65
Days on Market96
Property Features for 2445 East Broad Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
COMMERCIAL
Additional Details
Automotive Uses
collision/body shop
Real Estate Included
Yes
Property Use
Body Shop / Light Industrial
Building Details
Building Size
6,000 SF
Buildings
1
Listing Agency:
Impact Realty, LLC
Listed By:
Lesa Young · License #158059
(256) 328-9548
Source:
Intownpartners
Added: Jul 27
Changed: Oct 27
Last Checked: Oct 27 at 4:31AM
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 Impact Realty, LLC
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Investment Insights
Based on property information with market context.
This auto shop property includes a 6,000-square-foot building on almost 2 acres. The property is presented for body shop or light industrial use.
Located at 2445 East Broad Street in Gadsden, Alabama, the site combines an existing automotive-oriented building with a substantial land area.
Located at 2445 East Broad Street in Gadsden, Alabama, the site combines an existing automotive-oriented building with a substantial land area.
Key Highlights
- 6,000‑square‑foot building
- Almost 2 acres of land
- Suitable for body shop or light industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,332
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,640
$546.6K
Cap Rate 7%
$390,457
$390.5K
Cap Rate 9%
$303,689
$303.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$41.8K $6.96/SF
− Vacancy
−$2.7K −$0.45/SF
EGI
$39.0K $6.51/SF
− OpEx
−$11.7K −$1.95/SF
NOI
$27.3K $4.56/SF
Area
Etowah County, AL
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,640
Cap Rate 7%
$390,457
Cap Rate 9%
$303,689
Alternative Uses
Best Use
Retail
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 13.86%
Second Best
Industrial
$390.5K
$341.7K – $455.5K
NOI $27,332 @ 7.0% cap · market cap 6.83%
Theoretical Best
Specialty Retail
$981.0K
$858.4K – $1.14M
NOI $68,672 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Clowdus Garage — E Meighan Blvd, Gadsden, AL 35903
- Multiple Viscosity MotorSports LLC — 2820 Fields Ave, Gadsden, AL 35903
- Luther Front End — 2825 E Meighan Blvd, Gadsden, AL 35903
- Vann's Diesel & Fleet Service — 2817 E Meighan Blvd, East Gadsden, AL 35903
- Johnson's Hot Rod Shop — 2439 E Meighan Blvd, Gadsden, AL 35903
Frequently Asked Questions
What type of property is this?
Auto shop - The building offers space for body shop or light industrial operations.
Where is this auto shop located?
The property is located at 2445 East Broad Street Gadsden, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 6,000‑square‑foot building; Almost 2 acres of land; Suitable for body shop or light industrial use
