Brick Storefront Office
For Sale
$185,000
4401 Gary Ave, Fairfield, AL 35064
Exceptionally maintained brick building built in 1986, offering a plug-and-play interior for professional or commercial use.
Property Size1,108 SF
Price / SF$166.97
Days on Market97
Property Features for 4401 Gary Ave
General Information
Standard status
Active
Size
1,108 SF
Class
C
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Building Size
1,108 SF
Year Built
1986
Listing Agency:
Red Rock Realty Group
Listed By:
Glenn Ponder · License #00071263
(205) 356-9884
Source:
Redrockrg
Added: Jun 1
Changed: Aug 31
Last Checked: Sep 4 at 3:48AM
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 Red Rock Realty Group
Investment Insights
Based on property information with market context.
This exceptionally maintained brick building was constructed in 1986 and offers approximately 1,108± SF of space. The interior is described as versatile, making it a practical fit for a small business owner or an investor looking for a plug-and-play setup. The property’s brick construction adds long-term structural durability.
The building is located on a high-visibility corridor in the Fairfield/Ensley area, designed to provide strong exposure for day-to-day business operations. Its curb presence and maintained condition support straightforward, professional use.
With its size and flexible interior layout, the property is positioned for professional and commercial tenants, including concepts that typically require an office or medical-style environment. For buyers, the offering is framed as an owner-occupied or investment option that may be considered as an alternative to leasing similar office or medical space in the surrounding area.
The building is located on a high-visibility corridor in the Fairfield/Ensley area, designed to provide strong exposure for day-to-day business operations. Its curb presence and maintained condition support straightforward, professional use.
With its size and flexible interior layout, the property is positioned for professional and commercial tenants, including concepts that typically require an office or medical-style environment. For buyers, the offering is framed as an owner-occupied or investment option that may be considered as an alternative to leasing similar office or medical space in the surrounding area.
Key Highlights
- Brick building built in 1986 with 1,108± SF of space
- Exceptionally maintained property with structural durability
- Versatile interior layout suited for a variety of professional or commercial uses
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
$15,473
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
8.36%
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%
$309,460
$309.5K
Cap Rate 7%
$221,043
$221.0K
Cap Rate 9%
$171,922
$171.9K
Market Conditions
NOI Build-Up for 1,108 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
$23.0K $20.76/SF
− Vacancy
−$897 −$0.81/SF
EGI
$22.1K $19.95/SF
− OpEx
−$6.6K −$5.99/SF
NOI
$15.5K $13.97/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$20.76 /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%
$309,460
Cap Rate 7%
$221,043
Cap Rate 9%
$171,922
Alternative Uses
Best Use
Office B
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 10.55%
Second Best
Retail
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$381.2K
$333.5K – $444.7K
NOI $26,682 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35064, AL
10,149
Population
4,776
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
2,819
Density / Sq Mi
$48,581
Median Household Income
$31,452
Median Earnings
$997
Median Rent
$119,900
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?
Storefront property - Exceptionally maintained brick building built in 1986, offering a plug-and-play interior for professional or commercial use.
Where is this storefront property located?
The property is located at 4401 Gary Ave Fairfield, AL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Brick building built in 1986 with 1,108± SF of space; Exceptionally maintained property with structural durability; Versatile interior layout suited for a variety of professional or commercial uses
