Office Building with Central
For Sale
$205,999
395 McCurdy Avenue S, Rainsville, AL 35986
SINGLE_FAMILY - Rainsville, AL
Property Size1,200 SF
Lot Size0.23 Acres
Price / SF$171.67
Days on Market41
Property Features for 395 McCurdy Avenue S
General Information
Property type
Residential
Property subtype
Office
Zoning description
Business, Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Exterior features
Curb/Gutters, Lighting
Directions
From Rainsville Red Light Head Southwest On Mccurdy Ave. The Property Is On The Left.
Standard status
Active
APN
1607250001008.000
Size
1,200 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
kitchen
bathroom
Building Details
Year built
2018
Floors in Building
1
Listing Agency:
Re/Max Property Center
(256) 997-9400
Listed By:
Faith Pennington · License #112086
(256) 899-9784
Added: Jul 3
Changed: Jul 28
Last Checked: Aug 12 at 9:06AM
MLS# 21901001
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office building was constructed in 2018 and provides a compact commercial setting with a kitchen and bathroom. Central air supports the interior, while lighting and curb-and-gutter improvements contribute to the property’s functional exterior setup.
The building is located at 395 McCurdy Avenue S in Rainsville, Alabama. Public water and public sewer serve the property, providing established utility connections for office operations. The 0.2296-acre site offers a dedicated setting for a small office user or business location.
The building is located at 395 McCurdy Avenue S in Rainsville, Alabama. Public water and public sewer serve the property, providing established utility connections for office operations. The 0.2296-acre site offers a dedicated setting for a small office user or business location.
Key Highlights
- 1,200‑square‑foot office building
- Built in 2018
- Kitchen and bathroom included
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
$8,003
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
3.88%
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%
$160,060
$160.1K
Cap Rate 7%
$114,329
$114.3K
Cap Rate 9%
$88,922
$88.9K
Market Conditions
NOI Build-Up for 1,200 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
$13.7K $11.40/SF
− Vacancy
−$3.0K −$2.51/SF
EGI
$10.7K $8.89/SF
− OpEx
−$2.7K −$2.22/SF
NOI
$8.0K $6.67/SF
Area
DeKalb County, AL
Vacancy
22.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
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%
$160,060
Cap Rate 7%
$114,329
Cap Rate 9%
$88,922
Alternative Uses
Best Use
Office B
$114.3K
$100.0K – $133.4K
NOI $8,003 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 35986, AL
8,091
Population
3,529
Households
2.3
Avg Household Size
41
Median Age
25%
College-Educated
85%
High-School Grad
43.1 sq mi
ZIP Area
188
Density / Sq Mi
$65,774
Median Household Income
$40,080
Median Earnings
$656
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A 2018 commercial building with a kitchen, bathroom, public utilities, and convenient access from McCurdy Avenue South.
Where is this office building located?
The property is located at 395 McCurdy Avenue S Rainsville, AL.
What is the asking price?
The asking price for this property is $205,999.
What are key features of this property?
This property features: 1,200‑square‑foot office building; Built in 2018; Kitchen and bathroom included
