Duplex-Style Medical Office
For Sale
$419,900
427 S 4th Street, Gadsden, AL 35901
SINGLE_FAMILY - Gadsden, AL
Property Size2,574 SF
Lot Size0.33 Acres
Price / SF$163.13
Days on Market20
Property Features for 427 S 4th Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
Business
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Directions
Rainbow Dr, Turn Onto Sth 4th @ Tropical Smoothie. Continue Straight And Building Is On The Left Just Past Neo.
Standard status
Active
Size
2,574 SF
Lot size
0.33 Acres
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Metal
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Added: Jul 15
Changed: Aug 1
Last Checked: Aug 3 at 10:06PM
MLS# 21886311
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Investment Insights
Based on property information with market context.
Duplex-style medical office located at 427 S 4th Street in Gadsden. The right side features a waiting/reception area, an executive office with a private bath, three exam rooms, a lab, an additional office, and a patient bath. The left side includes a separate waiting/reception area, three exam rooms, an office, a kitchenette, and a lab.
The building is finished with brick exterior and metal roof, with tile flooring. Heating is natural gas and cooling is provided by central air.
Set on a 0.33-acre lot and approximately 2,574 square feet, the property is served by public water and private sewer. It is presented as an owner-financing or lease option opportunity for a qualified buyer.
The building is finished with brick exterior and metal roof, with tile flooring. Heating is natural gas and cooling is provided by central air.
Set on a 0.33-acre lot and approximately 2,574 square feet, the property is served by public water and private sewer. It is presented as an owner-financing or lease option opportunity for a qualified buyer.
Key Highlights
- Duplex‑style medical office with separate waiting/reception areas on each side
- Right side includes executive office with private bath, 3 exam rooms, and a lab
- Left side includes 3 exam rooms, kitchenette, and a lab
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 | $51.0k | $19.80 |
| − Vacancy | −$5.4k | −$2.08 |
| EGI | $45.6k | $17.72 |
| − OpEx | −$18.2k | −$7.09 |
| NOI | $27.4k | $10.63 |
2,574 SF · lease $19.80/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$391.0K
$342.1K – $456.1K
NOI $27,368 @ 7.0% cap · market cap 6.52%
Second Best
Office B
$237.5K
$207.8K – $277.1K
NOI $16,624 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,619
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 building with two waiting areas, exam rooms, labs, and central air on a public-utility site.
Where is this medical office space located?
The property is located at 427 S 4th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Duplex‑style medical office with separate waiting/reception areas on each side; Right side includes executive office with private bath, 3 exam rooms, and a lab; Left side includes 3 exam rooms, kitchenette, and a lab
