Flex Space with
2501 THIRD STREET SW, Attalla, AL 35954
For Sale
$345,000
Commercial Sale, ATTALLA, AL
Property Size3,025 SF
Lot Size1.18 Acres
Price / SF$107.81
Days on Market289
Property Features for 2501 THIRD STREET SW
General Information
Property type
Property subtype
Property condition
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Sue Holland Realty LLC
(256) 467-3555
Listed By:
Sue Holland · License AL #100473
(256) 312-1799
Added: Jan 28
Changed: Oct 30
Last Checked: Nov 12 at 6:06AM
MLS# 21908537
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.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property is under construction and was built in 2025. Its two-level plan includes a ground-floor reception area, two private offices, two restrooms, and a workshop with two 12-by-12-foot roll-up doors. A separate 9-by-9-foot roll-up door serves the front area. Upstairs, storage space and a 26-by-13-foot office overlook the workshop. Heating and cooling are provided by an electric mini-split system with three heads; natural gas is available.
The building sits on 1.18 acres along Hwy 11 in Attalla. Site features include a parking lot and metal siding, roof, and flooring.
The building sits on 1.18 acres along Hwy 11 in Attalla. Site features include a parking lot and metal siding, roof, and flooring.
Key Highlights
- 3,200 square feet on 1.18 acres
- Built in 2025; property condition listed as under construction
- Workshop measures 40 by 35 feet and has two 12‑by‑12‑foot roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,350
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,000
$527.0K
Cap Rate 7%
$376,429
$376.4K
Cap Rate 9%
$292,778
$292.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$44.2K $13.80/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$40.5K $12.67/SF
− OpEx
−$14.2K −$4.43/SF
NOI
$26.4K $8.23/SF
Area
Etowah County, AL
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,000
Cap Rate 7%
$376,429
Cap Rate 9%
$292,778
Alternative Uses
Best Use
Flex RnD
$376.4K
$329.4K – $439.2K
NOI $26,350 @ 7.0% cap · market cap 7.64%
Second Best
Industrial
$208.2K
$182.2K – $243.0K
NOI $14,577 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$523.2K
$457.8K – $610.4K
NOI $36,625 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 35954, AL
12,145
Population
5,646
Households
2.2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
106.6 sq mi
ZIP Area
114
Density / Sq Mi
$56,004
Median Household Income
$37,924
Median Earnings
$681
Median Rent
$130,600
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Etowah County, AL
Properties on Market for Flex space in Etowah County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Beatnick BBQ — 215 Gilbert Ferry Rd SE, Attalla, AL 35954
Frequently Asked Questions
What type of property is this?
Flex space - Two-level layout combines private offices, reception space, storage, and vehicle-accessible work areas.
Where is this flex space located?
The property is located at 2501 THIRD STREET SW Attalla, AL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 3,200 square feet on 1.18 acres; Built in 2025; property condition listed as under construction; Workshop measures 40 by 35 feet and has two 12‑by‑12‑foot roll‑up doors
