Medical Office with Duplex
For Sale
$399,900
427 S 4TH STREET, Gadsden, AL 35901
Commercial Sale, GADSDEN, AL
Property Size2,574 SF
Lot Size0.33 Acres
Price / SF$155.36
Days on Market567
Property Features for 427 S 4TH STREET
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
16
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
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Tax Description
PPIN- 34562
Tax Annual Amount
3285
Legal Description
PPIN- 34562
Utilities
Heating system
Propane (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Stone
Roof type
Metal
Buildings
1
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Added: Apr 15, 2025
Changed: Oct 30
Last Checked: Nov 2 at 11:06PM
MLS# 21886311
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.
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Investment Insights
Based on property information with market context.
This 2,574-square-foot medical office is arranged as two distinct clinical wings. One side includes a reception and waiting area, an executive office with a private bathroom, three examination rooms, a lab, an additional office, and a patient bathroom. The other side has its own reception and waiting area, three examination rooms, an office, a kitchenette, and a lab.
The brick building has a metal roof and sits on a 0.33-acre parcel at 427 S 4th Street in Gadsden. The property is positioned along a route toward downtown from Rainbow Drive and is near Riverview Regional Medical Center. Ample parking is noted.
The brick building has a metal roof and sits on a 0.33-acre parcel at 427 S 4th Street in Gadsden. The property is positioned along a route toward downtown from Rainbow Drive and is near Riverview Regional Medical Center. Ample parking is noted.
Key Highlights
- 2,574‑square‑foot medical office on a 0.33‑acre parcel
- Two separate clinical wings, each with reception and waiting areas
- Six examination rooms, two labs, and multiple offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,368
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
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
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 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 6.84%
Second Best
Office B
$237.5K
$207.8K – $277.1K
NOI $16,624 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Office units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate clinical wings offer reception, examination, laboratory, and office areas.
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 $399,900.
What are key features of this property?
This property features: 2,574‑square‑foot medical office on a 0.33‑acre parcel; Two separate clinical wings, each with reception and waiting areas; Six examination rooms, two labs, and multiple offices
