Medical Office Near Riverview
For Sale
Contact for pricing
427 S 4 Th Street, Gadsden, AL 35901
Duplex-style medical office near downtown and Riverview Regional Medical Center.
Property Size2,574 SF
Price / SF$167.02
Days on Market156
Property Features for 427 S 4 Th Street
General Information
Standard status
Active
Size
2,574 SF
Total Parking Spaces
16
Property subtype
Retail, Office
Zoning
Business
Building Details
Buildings
1
Stories
1
Listing Agency:
Corporate South Realty Inc
(256) 504-7665
Listed By:
Wesley Sutton · License #AL 78909
Source:
Crexi
Added: Mar 17
Changed: Aug 9
Last Checked: Aug 9 at 11:20PM
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 Corporate South Realty Inc
Investment Insights
Based on property information with market context.
This duplex-style medical office is situated on a main thoroughfare leading to downtown, near Riverview Regional Medical Center. The right side of the property features a waiting/reception area, an executive office with a private bathroom, three exam rooms, a lab, an additional office, and a patient bathroom. The left side includes a waiting/reception area, three exam rooms, an office, a kitchenette, and a lab. The building features brick, metal roofing, and siding, designed for low maintenance. The property has a total size of 2574 square feet and is intended for use as a medical office. Possible owner financing or lease to qualified buyer.
Key Highlights
- Duplex style medical office building.
- Prime location on a main thoroughfare near Riverview Regional Medical Center.
- Two fully equipped office suites, each with waiting/reception areas, exam rooms, and labs.
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
$27,368
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
6.37%
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%
$547,360
$547.4K
Cap Rate 7%
$390,971
$391.0K
Cap Rate 9%
$304,089
$304.1K
Market Conditions
NOI Build-Up for 2,574 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
$51.0K $19.80/SF
− Vacancy
−$5.4K −$2.08/SF
EGI
$45.6K $17.72/SF
− OpEx
−$18.2K −$7.09/SF
NOI
$27.4K $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 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%
$547,360
Cap Rate 7%
$390,971
Cap Rate 9%
$304,089
Alternative Uses
Best Use
Healthcare Medical
$391.0K
$342.1K – $456.1K
NOI $27,368 @ 7.0% cap · market cap 6.37%
Second Best
Office B
$237.5K
$207.8K – $277.1K
NOI $16,624 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Duplex-style medical office near downtown and Riverview Regional Medical Center.
Where is this medical office space located?
The property is located at 427 S 4 Th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Duplex style medical office building.; Prime location on a main thoroughfare near Riverview Regional Medical Center.; Two fully equipped office suites, each with waiting/reception areas, exam rooms, and labs.
