Flex Space with Roll-Up
New
For Sale
$495,000
305 N Carlisle Street, Albertville, AL 35950
Business Opportunity, Albertville, AL
Property Size6,000 SF
Lot Size0.21 Acres
Price / SF$82.50
Days on Market3
Property Features for 305 N Carlisle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Subdivision
Metes And Bounds
Directions
From 431, Take Hwy 75 South. At The First Traffic Light Veer Left Onto N Carlisle Street.
Standard status
Active
APN
1902101002044.000
Size
6,000 SF
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Mike Gentry · License #102410
(256) 506-3319
Added: Aug 26
Last Checked: Aug 28 at 4:06PM
MLS# 21927445
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.
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property includes two large open areas, two office areas, and two bathrooms. Concrete flooring runs through the building, while a large roll-up door accommodates deliveries and material movement. On-site parking is provided in a dedicated parking lot.
The property sits on 0.2057 acres at 305 N Carlisle Street in Albertville, Alabama. It is within walking distance of Main Street and located seconds from both Hwy 431 and Hwy 75. Public water and public sewer serve the site, supporting its existing commercial configuration.
The property sits on 0.2057 acres at 305 N Carlisle Street in Albertville, Alabama. It is within walking distance of Main Street and located seconds from both Hwy 431 and Hwy 75. Public water and public sewer serve the site, supporting its existing commercial configuration.
Key Highlights
- 6,000 square feet of flex space on a 0.2057‑acre site
- Two large areas plus two office areas and two bathrooms
- Large roll‑up door for deliveries and material handling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,445
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,900
$688.9K
Cap Rate 7%
$492,071
$492.1K
Cap Rate 9%
$382,722
$382.7K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$57.6K $9.60/SF
− Vacancy
−$4.6K −$0.77/SF
EGI
$53.0K $8.83/SF
− OpEx
−$18.5K −$3.09/SF
NOI
$34.4K $5.74/SF
Area
Marshall County, AL
Vacancy
8.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,900
Cap Rate 7%
$492,071
Cap Rate 9%
$382,722
Alternative Uses
Best Use
Flex RnD
$492.1K
$430.6K – $574.1K
NOI $34,445 @ 7.0% cap · market cap 6.96%
Second Best
Warehouse
$369.8K
$323.6K – $431.5K
NOI $25,888 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,651 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35950, AL
22,239
Population
7,762
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
79%
High-School Grad
43.2 sq mi
ZIP Area
515
Density / Sq Mi
$56,457
Median Household Income
$35,450
Median Earnings
$808
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two office areas, two bathrooms, concrete flooring, and on-site parking support a range of commercial operations.
Where is this flex space located?
The property is located at 305 N Carlisle Street Albertville, AL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 6,000 square feet of flex space on a 0.2057‑acre site; Two large areas plus two office areas and two bathrooms; Large roll‑up door for deliveries and material handling
