407 3rd Street W, Garden City, AL 35070
COMMERCIAL - Garden City, AL
- Added:
- May 30, 2026
- Days on Market:
- 41
- Last Refresh:
- Jul 9 at 12:06 am
Property Features for 407 3rd Street W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 2502090051001.000
- Size
- 5,062 SF
- Lot size
- 0.50 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Flooring type
- Concrete, Carpet
- Roof type
- Shingle
Listing agent Michele Duke License #75500 (256) 531-7785
Listing office Nxcel Realty 406 E Rasch Rd, Florence, AL (256) 567-3645
Listing date May 30, 2026
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HighLights
- High‑visibility adaptive‑use property with excellent redevelopment potential.
- Approximately 5,000 sq ft brick building with strong architectural presence.
- Flexible interior layout suitable for a variety of commercial uses.
- Includes multiple offices/classrooms and 5 bathrooms.
- Features a kitchen with a large cafeteria‑style dining area and open gathering space.
- Ample onsite parking.
Overview
Located in Garden City within Cullman County at 407 3rd Street W, the building is described as having high visibility. Onsite parking is available to support employee and visitor access, and the exterior offers a strong architectural presence suited to a range of commercial reuses.
With a mix of private offices/classroom-style rooms and shared gathering areas, the space may fit businesses that require both structured work areas and larger common-room functionality. The built-in kitchen and cafeteria-style dining area can support operations where staff meal service or group dining is part of the day-to-day. Five bathrooms add additional convenience for occupants and visitors, making the property practical for a variety of adaptive commercial concepts.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $12.60 |
| − Vacancy | −$10.2k | −$2.02 |
| EGI | $53.6k | $10.58 |
| − OpEx | −$13.4k | −$2.65 |
| NOI | $40.2k | $7.94 |
Alternative Uses
Current Use by Public Records
Map
- City
- Garden City
- County
- Cullman
- State
- Alabama
- Longitude
- -86.7507
- Latitude
- 34.0132
