Move-in Ready Office
40863 Highway 280 Sylacauga, AL 35151
40863 Highway 280, Sylacauga, AL, 35151
$250,000
For Sale
$250,000
Office space featuring reception area, private offices, and breakroom.
Property Size1,500 SF
Price / SF$166.67
Days on Market130
Property Features for 40863 Highway 280
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Tortorigi Properties, Inc.
(205) 243-4667
Listed by
Jerry Tortorigi · License #AL.74748000
(205) 243-4667
Source
Exitrealty
Added: Mar 10 Checked: Jul 16 at 4:47 am
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 Tortorigi Properties, Inc.
Investment Insights
Based on property information with market context.
This commercial property offers a move-in ready office space featuring a reception area, three private offices, two restrooms, and a breakroom. The property has a total size of 1500 square feet. The owner is also offering a lease option at $1500 per month on a NNN basis.
Key Highlights
- Ready to move in
- Features an office/reception area
- Includes 3 private offices
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 | $23.9k | $15.96 |
| − Vacancy | −$5.3k | −$3.51 |
| EGI | $18.7k | $12.45 |
| − OpEx | −$4.7k | −$3.11 |
| NOI | $14.0k | $9.34 |
1,500 SF · lease $15.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$200.1K
$175.1K – $233.4K
NOI $14,005 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.8K
$268.5K – $358.0K
NOI $21,477 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office space featuring reception area, private offices, and breakroom.
Where is this office units located?
The property is located at 40863 Highway 280 Sylacauga, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Ready to move in; Features an office/reception area; Includes 3 private offices
