Mixed-Use Property with
For Sale
$499,000
410 Bay Street, Gadsden, AL 35901
A former medical office includes an attached apartment and office area that could accommodate a second living space.
Property Size3,852 SF
Price / SF$129.54
Days on Market165
Property Features for 410 Bay Street
General Information
Standard status
Active
Size
3,852 SF
Property subtype
COMMERCIAL
Additional Details
Property Use
Mixed-Use
Building Details
Building Size
3,852 SF
Year Built
1978
Listing Agency:
Era King Real Estate
Listed By:
Sandra Patterson · License #84972
(256) 441-2439
Source:
Intownpartners
Added: May 18
Changed: Oct 27
Last Checked: Oct 27 at 4:12AM
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 Era King Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 410 Bay Street in Gadsden, this 3,852-SF mixed-use property includes a former medical office, an attached apartment of more than 1,700 square feet, and two separate attached garages. The office area is approximately 2,100 square feet, with the possibility of incorporating a second living space into that area.
The property was built in 1978. Its existing combination of office and residential space, along with the two garages, provides several distinct areas within one property.
The property was built in 1978. Its existing combination of office and residential space, along with the two garages, provides several distinct areas within one property.
Key Highlights
- 3,852‑SF mixed‑use property at 410 Bay Street, Gadsden
- Attached apartment measuring more than 1,700 sq ft
- Approximately 2,100+/- sq ft office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,957
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,140
$819.1K
Cap Rate 7%
$585,100
$585.1K
Cap Rate 9%
$455,078
$455.1K
Market Conditions
NOI Build-Up for 3,852 SF
Gross rent
$76.3K $19.80/SF
− Vacancy
−$8.0K −$2.08/SF
EGI
$68.3K $17.72/SF
− OpEx
−$27.3K −$7.09/SF
NOI
$41.0K $10.63/SF
Area
Etowah County, AL
Vacancy
10.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,140
Cap Rate 7%
$585,100
Cap Rate 9%
$455,078
Alternative Uses
Best Use
Healthcare Medical
$585.1K
$512.0K – $682.6K
NOI $40,957 @ 7.0% cap · market cap 8.21%
Second Best
Mixed Use
$434.6K
$380.3K – $507.0K
NOI $30,421 @ 7.0% cap · market cap 6.10%
Theoretical Best
Specialty Retail
$629.8K
$551.1K – $734.8K
NOI $44,087 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A former medical office includes an attached apartment and office area that could accommodate a second living space.
Where is this mixed-use property located?
The property is located at 410 Bay Street Gadsden, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,852‑SF mixed‑use property at 410 Bay Street, Gadsden; Attached apartment measuring more than 1,700 sq ft; Approximately 2,100+/- sq ft office area
