308 Alabama Avenue SW, Fort Payne, AL 35967
SINGLE_FAMILY - Fort Payne, AL
- Added:
- Mar 17, 2026
- Days on Market:
- 104
- Last Refresh:
- Jun 28 at 8:06 am
Property Features for 308 Alabama Avenue SW
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 2303074001023.000
- Size
- 1,709 SF
- Lot size
- 0.22 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood
Listing agent Kevin Burt License #66758 (256) 996-0003
Listing office Southern Properties Agency Inc 311 Gault Avenue N, Fort Payne, AL (256) 845-6000
Listing date Mar 17, 2026
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HighLights
- Attractive brick exterior on Attorney Row
- Original hardwood floors throughout
- Six rooms including a conference room
- Reception area with fireplace
- Two restrooms and kitchenette
- Single car detached garage
Overview
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 | $19.5k | $11.40 |
| − Vacancy | −$4.3k | −$2.51 |
| EGI | $15.2k | $8.89 |
| − OpEx | −$3.8k | −$2.22 |
| NOI | $11.4k | $6.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Payne
- County
- DeKalb
- State
- Alabama
- Longitude
- -85.7264277
- Latitude
- 34.4400977
