Former Medical Office with
410 Bay Street Gadsden, AL 35901
410 Bay Street, Gadsden, AL, 35901
$499,000
For Sale
$499,000
COMMERCIAL - Gadsden, AL
Property Size3,852 SF
Price / SF$129.54
Days on Market59
Property Features for 410 Bay Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 5
- Parking features
- Garage
- Exterior features
- Curb/Gutters, Sidewalks
- Standard status
- Active
- APN
- 1502091000164.000
- Size
- 3,852 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Flooring type
- Carpet, Tile
- Roof type
- Metal, Shingle
Listing Agency
Era King Real Estate
(256) 442-1030
3327 Rainbow Drive, AL
Listed by
Sandra Patterson · License #84972
(256) 441-2439
Added: May 19 Checked: Jul 16 at 10:06 pm
MLS# 21918391
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Investment Insights
Based on property information with market context.
This former medical office offers a flexible layout with mixed-use options. The property includes an attached 1,700+ square foot apartment, along with an office area of 2,100+/- square feet. There is also mention of a possible second living space that could be incorporated into the office area to fit a buyer’s needs.
The home and office configuration is supported by two separate attached garages. These garages can provide parking, storage, or workspace depending on how the space is set up.
Overall, the building is designed to accommodate a live/work or multi-purpose arrangement, with multiple interior areas that can be combined or used separately.
The home and office configuration is supported by two separate attached garages. These garages can provide parking, storage, or workspace depending on how the space is set up.
Overall, the building is designed to accommodate a live/work or multi-purpose arrangement, with multiple interior areas that can be combined or used separately.
Key Highlights
- Former medical office with flexible mixed‑use potential
- Attached 1,700+ sq ft apartment plus 2,100+/- sq ft office area
- Possible second living space that may be incorporated into the office area
Local Financial Insights For Healthcare Medical
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 | $76.3k | $19.80 |
| − Vacancy | −$8.0k | −$2.08 |
| EGI | $68.3k | $17.72 |
| − OpEx | −$27.3k | −$7.09 |
| NOI | $41.0k | $10.63 |
3,852 SF · lease $19.80/SF/yr · vacancy 10.50% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Naki Pediatrics & Adolescent
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Former medical office includes an attached apartment and two separate attached garages, with flexible office and living configuration.
Where is this live-work space 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: Former medical office with flexible mixed‑use potential; Attached 1,700+ sq ft apartment plus 2,100+/- sq ft office area; Possible second living space that may be incorporated into the office area
