Building Details

Year built 1990

Number of units 1

Flooring type Wood, Hardwood, Concrete

Building materials MetalSiding

Architectural style Other

Buildings 1

Listing Agency: Abston Real Estate Services

Listed By: LEWIS ABSTON Jr Show Phone

Added: Oct 21 Changed: Oct 27 Last Checked: Oct 30 at 2:06AM

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MLS# 178188

Copyright © 2026 West Alabama Multiple Listing Service. 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 metal-sided flex property was built in 1990 and includes office or living space, a warehouse shop, and 1.5 bathrooms. The shop is insulated and heated, with a reinforced 6,000-pound slab; a propane tank is needed. The building has central electric heating and central air conditioning, and its HVAC system was installed three years ago.

The 2.96-acre parcel fronts Hwy 482, formerly Old Hwy 82, and Pickens County Road 30. Approximately 1.25 acres are high-fenced, with gated entry from both roads.

Key Highlights

• 2.96‑acre parcel with frontage on Hwy 482 and Pickens County Road 30
• Approximately 1.25 acres of high‑fenced site area
• Insulated, heated shop with a reinforced 6,000‑pound slab; propane tank needed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,659

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,180 $433.2K

Cap Rate 7%

$309,414 $309.4K

Cap Rate 9%

$240,656 $240.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$32.4K $7.20/SF

− Vacancy

−$1.5K −$0.32/SF

EGI

$30.9K $6.88/SF

− OpEx

−$9.3K −$2.06/SF

NOI

$21.7K $4.81/SF

Area

Pickens County, AL

Vacancy

4.50%

Lease Rate

$7.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,180

Cap Rate 7%

$309,414

Cap Rate 9%

$240,656

Alternative Uses

Best Use

Flex RnD

$497.5K

$435.4K – $580.5K (±1% cap)

NOI $34,828 @ 7.0% cap · market cap 12.22%

Second Best

Warehouse

$389.5K

$340.8K – $454.4K (±1% cap)

NOI $27,263 @ 7.0% cap · market cap 9.57%

Theoretical Best

Office A

$1.08M

$946.2K – $1.26M (±1% cap)

NOI $75,697 @ 7.0% cap · market cap 26.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Butcher Big Box & Wholesale Store Gym & Fitness Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35466, AL

5,678

Population

2,432

Households

2.3

Avg Household Size

43

Median Age

17%

College-Educated

86%

High-School Grad

269.6 sq mi

ZIP Area

21

Density / Sq Mi

$52,769

Median Household Income

$43,284

Median Earnings

$623

Median Rent

$119,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - A 2.96-acre property has gated access from two roads, a fenced site area, and a heated shop with a reinforced slab.

Where is this flex space located?

The property is located at 27291 HWY 82 Gordo, AL.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: 2.96‑acre parcel with frontage on Hwy 482 and Pickens County Road 30; Approximately 1.25 acres of high‑fenced site area; Insulated, heated shop with a reinforced 6,000‑pound slab; propane tank needed