Two Buildings on Elm
403& 407 N Elm Avenue, Sylacauga, AL 35150
Two buildings, approximately 1500 sq.ft. each, high visibility location.
Type:Commercial/Industrial
Property size:
1,500 SFPrice / SF:
$103/SF- Added:
- Mar 9, 2026
- Days on Market:
- 85
- Last Refresh:
- Apr 7 at 9:53 pm
Property Features for 403& 407 N Elm Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1994
Listing agent Bill Pharr License #31660-1 (256) 872-6208
Listing office Area Real Estate Inc. (256) 872-6208
Listing date Mar 9, 2026
Source Exitrealty
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 Area Real Estate Inc.
HighLights
- Two separate buildings, approximately 1500 sq.ft. each, offering flexibility.
- High visibility location ideal for attracting customers or tenants.
- Currently rented, providing immediate income potential.
- Steel building construction ensuring durability and low maintenance.
- Concrete/paved parking area for convenient access.
- Built in 1994 and in excellent condition, ready for immediate occupancy.
Overview
Two buildings, each approximately 1500 square feet, are available. The buildings are currently rented on a month-to-month basis. The property features a high-visibility location with concrete and paved parking, steel building construction with awnings, and landscaping. The buildings are described as being in excellent condition. The property may be suitable for business use, or for an owner to occupy one building and rent the other.
Local Financial Insights For Retail
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 | $16.6k | $11.04 |
| − Vacancy | −$1.4k | −$0.94 |
| EGI | $15.2k | $10.10 |
| − OpEx | −$4.5k | −$3.03 |
| NOI | $10.6k | $7.07 |
1,500 SF · lease $11.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$151.5K
$132.6K – $176.8K
NOI $10,607 @ 7.0% cap · market cap 6.84%
Second Best
Flex RnD
$114.7K
$100.4K – $133.8K
NOI $8,029 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$306.8K
$268.5K – $358.0K
NOI $21,477 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Sylacauga
- County
- Talladega
- State
- Alabama
- Longitude
- -86.797652
- Latitude
- 33.8220324
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two buildings, approximately 1500 sq.ft. each, high visibility location.
Where is this flex space located?
The property is located at 403& 407 N Elm Avenue Sylacauga, AL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two separate buildings, approximately 1500 sq.ft. each, offering flexibility.; High visibility location ideal for attracting customers or tenants.; Currently rented, providing immediate income potential.
