Historic Mixed-Use
New
For Sale
$324,900
323 5th Ave Nw, Attalla, AL 35954
Residential accommodations and retail space share a property listed on the National Register of Historic Places.
Property Size3,544 SF
Price / SF$91.68
Days on Market6
Property Features for 323 5th Ave Nw
General Information
Standard status
Active
Size
3,544 SF
Total Parking Spaces
2
Property subtype
Business Opportunity
Additional Details
Mixed-Use Components
residential, retail
Building Details
Year Built
1895
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Renee Chambers · License #41465
(256) 490-1943
Source:
Exprealty
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 3:26PM
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 Impact Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1895, this 3,544-square-foot mixed-use property combines residential space with an area for retail use. The living quarters include two bedrooms and two bathrooms, a kitchen, pantry, family room with a wood-burning fireplace, and a second-floor living area with a breakfast bar. Interior details include pine flooring, 14-foot beaded-board ceilings, and custom finishes. The layout has potential for two rental units.
The property is at 323 5th Ave NW in Attalla, Alabama, and is listed on the National Register of Historic Places. An 8-by-12-foot outbuilding and two parking spaces are also included.
The property is at 323 5th Ave NW in Attalla, Alabama, and is listed on the National Register of Historic Places. An 8-by-12-foot outbuilding and two parking spaces are also included.
Key Highlights
- Built in 1895; listed on the National Register of Historic Places
- 3,544 square feet with residential and retail areas
- Layout has potential for 2 rental units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,989
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
$559.8K
Cap Rate 7%
$399,843
$399.8K
Cap Rate 9%
$310,989
$311.0K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$49.8K $14.04/SF
− Vacancy
−$5.0K −$1.40/SF
EGI
$44.8K $12.64/SF
− OpEx
−$16.8K −$4.74/SF
NOI
$28.0K $7.90/SF
Area
Etowah County, AL
Vacancy
10.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
Cap Rate 7%
$399,843
Cap Rate 9%
$310,989
Alternative Uses
Best Use
Retail
$467.8K
$409.3K – $545.8K
NOI $32,747 @ 7.0% cap · market cap 10.08%
Second Best
Mixed Use
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 8.61%
Theoretical Best
Specialty Retail
$579.5K
$507.0K – $676.0K
NOI $40,562 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Jack's Family Restaurants
Dining
14,617 visits/mo
0.2 miles
Dollar General
Shops & Services
9,320 visits/mo
0.2 miles
SONIC Drive In
Dining
7,824 visits/mo
0.1 miles
Citgo
Shops & Services
6,614 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential accommodations and retail space share a property listed on the National Register of Historic Places.
Where is this mixed-use property located?
The property is located at 323 5th Ave Nw Attalla, AL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Built in 1895; listed on the National Register of Historic Places; 3,544 square feet with residential and retail areas; Layout has potential for 2 rental units
