Mixed-Use Property with Event
354 BULLDOG ROAD, Altoona, AL 35952
For Sale
$450,000
Commercial Sale, ALTOONA, AL
Property Size4,224 SF
Lot Size3.18 Acres
Price / SF$106.53
Days on Market119
Property Features for 354 BULLDOG ROAD
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Exterior features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Floors in Building
Flooring type
Building materials
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Additional Structures
Buildings
Listing Agency:
Re/Max Guntersville
(256) 582-5585
Listed By:
Maximus Brandon · License AL #157893
(256) 706-6591
Added: Jul 16
Changed: Oct 31
Last Checked: Nov 11 at 2:06PM
MLS# 21923968
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Investment Insights
Based on property information with market context.
This 3.18-acre mixed-use property includes an event stage with a VIP and backstage area, plus a 3,200-square-foot warehouse. The warehouse has spray foam insulation, high ceilings, a bar area with air conditioning, multiple restrooms, and mezzanine storage. An additional steel arch building provides storage. A 520-square-foot house with three bedrooms and one bathroom is also on the property.
The site has 400-amp underground electric available and four RV water and power hookups. The main building features concrete flooring, central heating and air conditioning, and a metal roof. Public water serves the property.
The site has 400-amp underground electric available and four RV water and power hookups. The main building features concrete flooring, central heating and air conditioning, and a metal roof. Public water serves the property.
Key Highlights
- 3.18‑acre property with a warehouse, event space, and residence
- 3,200‑square‑foot warehouse with spray foam insulation and high ceilings
- Stage with VIP/backstage area and multiple bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,359
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,180
$667.2K
Cap Rate 7%
$476,557
$476.6K
Cap Rate 9%
$370,656
$370.7K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$59.3K $14.04/SF
− Vacancy
−$5.9K −$1.40/SF
EGI
$53.4K $12.64/SF
− OpEx
−$20.0K −$4.74/SF
NOI
$33.4K $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%
$667,180
Cap Rate 7%
$476,557
Cap Rate 9%
$370,656
Alternative Uses
Best Use
Mixed Use
$476.6K
$417.0K – $556.0K
NOI $33,359 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$332.0K
$290.5K – $387.3K
NOI $23,240 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$690.6K
$604.3K – $805.8K
NOI $48,345 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 35952, AL
7,847
Population
3,914
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
77%
High-School Grad
109.4 sq mi
ZIP Area
72
Density / Sq Mi
$44,973
Median Household Income
$29,460
Median Earnings
$661
Median Rent
$120,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A warehouse, event venue features, a small residence, and RV hookups occupy a single acreage property.
Where is this mixed-use property located?
The property is located at 354 BULLDOG ROAD Altoona, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3.18‑acre property with a warehouse, event space, and residence; 3,200‑square‑foot warehouse with spray foam insulation and high ceilings; Stage with VIP/backstage area and multiple bathrooms
