Commercial Property in High-Traffic
501 Tarrant Road Gardendale, AL 35071
501 Tarrant Road, Gardendale, AL, 35071
$375,000
For Sale
$375,000
Two commercial properties in a high-growth area, currently leased.
Property Size1,800 SF
Price / SF$208.33
Days on Market673
Property Features for 501 Tarrant Road
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1945
Listing Agency
Keller Williams Realty Hoover
(205) 614-1605
Listed by
Sherry Dalton · License #107434
(205) 614-1605
Source
Exitrealty
Added: Sep 12, 2024 Checked: Jul 16 at 10:25 am
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 Keller Williams Realty Hoover
Investment Insights
Based on property information with market context.
This commercial property includes two lots, one of which is a corner lot, situated in a high-traffic area. Additional parking has been added. The office building features a new HVAC system. Both properties are currently occupied with leases in place. Located at 501 & 505 Tarrant Road, this property offers various possibilities for business needs in a high-growth area. The property size is 1800 square feet. This location could suit someone looking for a private office and a business rental opportunity.
Key Highlights
- Two properties (501 & 505 Tarrant Road) included in the sale.
- Both properties are currently occupied with leases in place, providing immediate rental income.
- Located in a very high traffic and high growth area, ideal for business.
Local Financial Insights For Office B
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 | $47.7k | $26.52 |
| − Vacancy | −$5.4k | −$3.02 |
| EGI | $42.3k | $23.50 |
| − OpEx | −$10.6k | −$5.87 |
| NOI | $31.7k | $17.62 |
1,800 SF · lease $26.52/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.2K
$396.5K – $528.7K
NOI $31,721 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.2K
$541.8K – $722.5K
NOI $43,347 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Musicality
Training Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two commercial properties in a high-growth area, currently leased.
Where is this office units located?
The property is located at 501 Tarrant Road Gardendale, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two properties (501 & 505 Tarrant Road) included in the sale.; Both properties are currently occupied with leases in place, providing immediate rental income.; Located in a very high traffic and high growth area, ideal for business.
