Standalone Office
New
For Sale
$359,900
4453 Main Street, Grant, AL 35747
Business Opportunity, Grant, AL
Property Size1,450 SF
Lot Size0.30 Acres
Price / SF$248.21
Days on Market5
Property Features for 4453 Main Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
Unzoned
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Exterior features
Sidewalks
Lot features
High Visibility
Directions
Take Al Hwy 72 West Towards Huntsville, Turn Left On Cathedral Caverns Hwy Turns Into Main St, Property Located On Right Side
Standard status
Active
Size
1,450 SF
Lot size
0.30 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Bhhs Rise-Scottsboro Branch
(256) 999-0343
Listed By:
Taylor Carlton · License #144127
(256) 609-5773
Added: Aug 25
Last Checked: Aug 29 at 3:06PM
MLS# 21927391
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.
This 1,450-square-foot office building occupies a 0.3-acre site at 4453 Main Street in Grant, Alabama. The standalone layout includes two sizable offices, two bathrooms, a front reception and waiting area, and several storage closets. Vinyl flooring, central heating, central air, a shingle roof, and sidewalk access are among the property features.
Recent improvements include the HVAC system, roof, and flooring, each completed less than three years ago. The property is currently leased to Alfa Insurance and includes a dedicated parking lot. Public water and public sewer serve the site.
Recent improvements include the HVAC system, roof, and flooring, each completed less than three years ago. The property is currently leased to Alfa Insurance and includes a dedicated parking lot. Public water and public sewer serve the site.
Key Highlights
- 1,450‑square‑foot standalone office building on a 0.3‑acre site
- Two offices, two bathrooms, front waiting area, and multiple storage closets
- Currently leased to Alfa Insurance
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
$16,345
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
4.54%
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%
$326,900
$326.9K
Cap Rate 7%
$233,500
$233.5K
Cap Rate 9%
$181,611
$181.6K
Market Conditions
NOI Build-Up for 1,450 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
$26.1K $18.00/SF
− Vacancy
−$4.3K −$2.97/SF
EGI
$21.8K $15.03/SF
− OpEx
−$5.4K −$3.76/SF
NOI
$16.3K $11.27/SF
Area
Marshall County, AL
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$326,900
Cap Rate 7%
$233,500
Cap Rate 9%
$181,611
Alternative Uses
Best Use
Office B
$233.5K
$204.3K – $272.4K
NOI $16,345 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.0K
$273.8K – $365.1K
NOI $21,907 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 35747, AL
6,173
Population
3,402
Households
1.8
Avg Household Size
43
Median Age
30%
College-Educated
89%
High-School Grad
75.3 sq mi
ZIP Area
82
Density / Sq Mi
$78,750
Median Household Income
$48,580
Median Earnings
$663
Median Rent
$219,100
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Standalone office property with dedicated parking, public utilities, and a current Alfa Insurance lease.
Where is this office building located?
The property is located at 4453 Main Street Grant, AL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,450‑square‑foot standalone office building on a 0.3‑acre site; Two offices, two bathrooms, front waiting area, and multiple storage closets; Currently leased to Alfa Insurance
