Two-Suite Office
For Sale
$389,900
401 Bay Street, Gadsden, AL 35901
Brick construction, separate entrances, and individual reception areas support a flexible office layout.
Property Size4,775 SF
Price / SF$81.65
Days on Market24
Property Features for 401 Bay Street
General Information
Standard status
Active
Size
4,775 SF
Property subtype
Office
Building Details
Building Size
4,775 SF
Listing Agency:
Corporate South Realty,Inc
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Source:
Intownpartners
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 4:09AM
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 Corporate South Realty,Inc
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Investment Insights
Based on property information with market context.
This brick office building is arranged for use as one workplace or as two separate suites. Each suite has its own entrance and waiting or reception area. The interior includes multiple offices or exam rooms, five bathrooms, and a break room. A metal roof completes the building’s physical features.
The property is in downtown Gadsden, near shopping, a hospital, and residential areas. It has previously been used for medical purposes.
The property is in downtown Gadsden, near shopping, a hospital, and residential areas. It has previously been used for medical purposes.
Key Highlights
- Two suites, each with a dedicated entrance and reception or waiting area
- Multiple offices or exam rooms, five bathrooms, and a break room
- Brick office building with a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,839
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,780
$616.8K
Cap Rate 7%
$440,557
$440.6K
Cap Rate 9%
$342,656
$342.7K
Market Conditions
NOI Build-Up for 4,775 SF
Gross rent
$52.7K $11.04/SF
− Vacancy
−$11.6K −$2.43/SF
EGI
$41.1K $8.61/SF
− OpEx
−$10.3K −$2.15/SF
NOI
$30.8K $6.46/SF
Area
Etowah County, AL
Vacancy
22.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,780
Cap Rate 7%
$440,557
Cap Rate 9%
$342,656
Alternative Uses
Best Use
Healthcare Medical
$725.3K
$634.6K – $846.2K
NOI $50,771 @ 7.0% cap · market cap 13.02%
Second Best
Office B
$440.6K
$385.5K – $514.0K
NOI $30,839 @ 7.0% cap · market cap 7.91%
Theoretical Best
Specialty Retail
$780.7K
$683.1K – $910.9K
NOI $54,651 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Brick construction, separate entrances, and individual reception areas support a flexible office layout.
Where is this office building located?
The property is located at 401 Bay Street Gadsden, AL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two suites, each with a dedicated entrance and reception or waiting area; Multiple offices or exam rooms, five bathrooms, and a break room; Brick office building with a metal roof
