Flex Space Building with Concrete
For Sale
$249,900
41185 State Highway 75 N, Altoona, AL 35121
COMMERCIAL - Altoona, AL
Property Size4,900 SF
Lot Size1.10 Acres
Price / SF$51
Days on Market40
Property Features for 41185 State Highway 75 N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
Metes And Bounds
Directions
Take Hwy 75 N. Towards Snead Approx. 1 Mile From The Susan Moore Town Hall On The Left Look For Signs
Standard status
Active
APN
0801110000013.011
Size
4,900 SF
Lot size
1.10 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Gabby Gonzalez · License #140261
(256) 477-3677
Added: Jul 16
Changed: Aug 9
Last Checked: Aug 24 at 12:06PM
MLS# 21913967
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Flex space building located at 41185 State Highway 75 N in Altoona, AL. The property sits on a 1.1-acre lot and includes concrete flooring throughout. Interior accommodations include two bathrooms, with available water service through public water and sewer service via a septic tank.
The property is positioned on a road with extra road frontage, providing multiple ways to present and access the space. The existing building is ready for a new use based on the buyer’s needs and vision.
If you’re looking for a flexible commercial building format with room to plan for your operations, this site’s combination of lot size, extra road frontage, and core utilities can support a range of fit-outs.
The property is positioned on a road with extra road frontage, providing multiple ways to present and access the space. The existing building is ready for a new use based on the buyer’s needs and vision.
If you’re looking for a flexible commercial building format with room to plan for your operations, this site’s combination of lot size, extra road frontage, and core utilities can support a range of fit-outs.
Key Highlights
- 1.1‑acre lot with extra road frontage
- 4,900 SF flex space building
- Concrete flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,321
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,420
$446.4K
Cap Rate 7%
$318,871
$318.9K
Cap Rate 9%
$248,011
$248.0K
Market Conditions
NOI Build-Up for 4,900 SF
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.
Gross rent
$34.1K $6.96/SF
− Vacancy
−$2.2K −$0.45/SF
EGI
$31.9K $6.51/SF
− OpEx
−$9.6K −$1.95/SF
NOI
$22.3K $4.56/SF
Area
Etowah County, AL
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,420
Cap Rate 7%
$318,871
Cap Rate 9%
$248,011
Alternative Uses
Best Use
Flex RnD
$576.4K
$504.4K – $672.5K
NOI $40,349 @ 7.0% cap · market cap 16.15%
Second Best
Industrial
$318.9K
$279.0K – $372.0K
NOI $22,321 @ 7.0% cap · market cap 8.93%
Theoretical Best
Specialty Retail
$801.2K
$701.0K – $934.7K
NOI $56,082 @ 7.0% cap · market cap 22.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
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 - Flex space building with concrete flooring on 1.1-acre lot, served by public water and a septic tank.
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 $249,900.
What are key features of this property?
This property features: 1.1‑acre lot with extra road frontage; 4,900 SF flex space building; Concrete flooring throughout
