Office Building with
305 S 4th Street Gadsden, AL 35901
305 S 4th Street, Gadsden, AL, 35901
$649,900
For Sale
$649,900
Office building with tenant and renewed lease, perfect for investors.
Property Size6,856 SF
Lot Size0.57 Acres
Price / SF$94.79
Days on Market1724
Property Features for 305 S 4th Street
General Information
- Standard status
- Active
- Size
- 6,856 SF
- Lot size
- 0.57 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1965
Listing Agency
Webb & Company Realty
(205) 368-7520
Listed by
Billy Shute · License #107244
(205) 368-7520
Source
Exitrealty
Added: Oct 28, 2021 Checked: Jul 16 at 7:32 am
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 Webb & Company Realty
Investment Insights
Based on property information with market context.
This property features a 4,456 square foot brick veneer building constructed in 1965, accompanied by an additional 2,400 square foot pre-fabricated metal building built in 2008, totaling 6,856 square feet. The property is currently tenant-occupied with a renewed 5-year lease as of August 2023, making it suitable for investors. The property is located in Gadsden, Alabama.
Key Highlights
- Tenant Occupied with Renewed 5‑Year Lease (08/2023)
- 4,456 Sq Ft Brick Veneer Building
- Additional 2,400 Sq Ft Pre‑Fab Metal Building (Built 2008)
Local Financial Insights For Office B
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 | $75.7k | $11.04 |
| − Vacancy | −$16.7k | −$2.43 |
| EGI | $59.0k | $8.61 |
| − OpEx | −$14.8k | −$2.15 |
| NOI | $44.3k | $6.46 |
6,856 SF · lease $11.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$632.6K
$553.5K – $738.0K
NOI $44,279 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$980.9K – $1.31M
NOI $78,469 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hanger Clinic: Prosthetics ...
Orthotics & Prosthetics Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with tenant and renewed lease, perfect for investors.
Where is this office building located?
The property is located at 305 S 4th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Tenant Occupied with Renewed 5‑Year Lease (08/2023); 4,456 Sq Ft Brick Veneer Building; Additional 2,400 Sq Ft Pre‑Fab Metal Building (Built 2008)
