Commercial Land with Dual
New
For Sale
$1,699,000
3267 US Highway 431, Albertville, AL 35950
Business Opportunity, Albertville, AL
Property Size10,400 SF
Lot Size2.10 Acres
Price / SF$163.37
Days on Market2
Property Features for 3267 US Highway 431
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Lot features
High Visibility
Directions
As You Head North On Us-431 Form The South Side Of Albertville, The Property Will Be On The Left. It Is 3/4 Of A Mile Pass The County Hospital. Gps Coordinates: 34.2316, -86.1641
Standard status
Active
APN
1804193000004001
Size
10,400 SF
Lot size
2.10 Acres
Utilities
Sewer type
Public Sewer, Septic Tank
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete, Vinyl, Carpet
Listing Agency:
Hardy Realty And Developmnt Co
(706) 291-4321
Listed By:
Ben Chaffin · License #169723
(706) 331-4579
Added: Aug 27
Last Checked: Aug 28 at 4:06PM
MLS# 21927429
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 commercial land offering encompasses 2.1 acres with frontage on both US-431 and Brown Street in Albertville. A 10,400-square-foot property size is reported, along with carpet, vinyl, and concrete flooring and two bathrooms. These existing physical details provide additional context for evaluating the site alongside its land component.
The property fronts US-431, where traffic is reported at approximately 34,000 vehicles per day. Public water and public sewer are listed, and a septic tank is also identified. Access from both roadways provides two documented frontage points for the parcel.
The property fronts US-431, where traffic is reported at approximately 34,000 vehicles per day. Public water and public sewer are listed, and a septic tank is also identified. Access from both roadways provides two documented frontage points for the parcel.
Key Highlights
- 2.1‑acre commercial land parcel
- Frontage on US‑431 and Brown Street
- Approximately 34,000 vehicles per day reported on US‑431
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
$66,346
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
3.91%
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%
$1,326,920
$1.3M
Cap Rate 7%
$947,800
$947.8K
Cap Rate 9%
$737,178
$737.2K
Market Conditions
NOI Build-Up for 10,400 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
$103.6K $9.96/SF
− Vacancy
−$8.8K −$0.85/SF
EGI
$94.8K $9.11/SF
− OpEx
−$28.4K −$2.73/SF
NOI
$66.3K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,326,920
Cap Rate 7%
$947,800
Cap Rate 9%
$737,178
Alternative Uses
Best Use
Retail
$947.8K
$829.3K – $1.11M
NOI $66,346 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,128 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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 Retail 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?
Commercial land - Public water and sewer service are documented, with additional septic infrastructure identified.
Where is this commercial land located?
The property is located at 3267 US Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 2.1‑acre commercial land parcel; Frontage on US‑431 and Brown Street; Approximately 34,000 vehicles per day reported on US‑431
