Flexible Commercial
For Sale
$299,900
41185 State Highway 75 N, Altoona, AL 35121
A versatile commercial building offers space for a range of business concepts and operational layouts.
Property Size4,900 SF
Price / SF$61.20
Days on Market126
Property Features for 41185 State Highway 75 N
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
4,900 SF
Buildings
1
Stories
1
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Gabby Gonzalez · License #140261
Source:
Alabamaland
Added: Apr 2
Changed: Aug 5
Last Checked: Aug 5 at 3:53AM
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 Main Street Realty Plus, LLC
Investment Insights
Based on property information with market context.
This 4,900-square-foot flex space property includes a commercial building on a generous lot along State Highway 75 N. The flexible format can accommodate a variety of business concepts, while the property’s previous use for events and gatherings provides a distinctive operating history.
Located at 41185 State Highway 75 N in Altoona, the property includes additional road frontage that supports a visible presence along the highway corridor. The building and lot offer a broad canvas for an owner or operator seeking adaptable commercial space.
Located at 41185 State Highway 75 N in Altoona, the property includes additional road frontage that supports a visible presence along the highway corridor. The building and lot offer a broad canvas for an owner or operator seeking adaptable commercial space.
Key Highlights
- 4,900‑square‑foot flex space building
- Generous lot with additional road frontage
- Located at 41185 State Highway 75 N, Altoona, AL 35121
Financial Insights For Industrial
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 | $34.1k | $6.96 |
| − Vacancy | −$2.2k | −$0.45 |
| EGI | $31.9k | $6.51 |
| − OpEx | −$9.6k | −$1.95 |
| NOI | $22.3k | $4.56 |
4,900 SF · lease $6.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$576.4K
$504.4K – $672.5K
NOI $40,349 @ 7.0% cap · market cap 13.45%
Second Best
Industrial
$318.9K
$279.0K – $372.0K
NOI $22,321 @ 7.0% cap · market cap 7.44%
Theoretical Best
Specialty Retail
$801.2K
$701.0K – $934.7K
NOI $56,082 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35121, AL
16,016
Population
6,747
Households
2.4
Avg Household Size
42
Median Age
20%
College-Educated
81%
High-School Grad
144.5 sq mi
ZIP Area
111
Density / Sq Mi
$57,607
Median Household Income
$41,878
Median Earnings
$704
Median Rent
$168,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A versatile commercial building offers space for a range of business concepts and operational layouts.
Where is this flex space located?
The property is located at 41185 State Highway 75 N Altoona, AL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 4,900‑square‑foot flex space building; Generous lot with additional road frontage; Located at 41185 State Highway 75 N, Altoona, AL 35121
