Highway 431 Commercial
For Sale
$450,000
5261 Us Highway 431, Albertville, AL 35950
Commercial property featuring office space and workshop bays on Highway 431.
Property Size1,500 SF
Lot Size0.34 Acres
Price / SF$300
Days on Market640
Property Features for 5261 Us Highway 431
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.34 Acres
Property subtype
Business Opportunity
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Jeff Overstreet · License #64243
(256) 302-7722
Source:
Exprealty
Added: Jan 24, 2025
Changed: Oct 25
Last Checked: Oct 24 at 5:48PM
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 South Towne Realtors, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, situated on Highway 431, offers a total gross space of 1,500 square feet. It features a front office area suitable for client meetings and administrative tasks. The property also includes a three-bay workshop in the back, which is ideal for manufacturing, storage, or service-oriented businesses. Convenient parking is available for both employees and customers.
Key Highlights
- High‑traffic location on Highway 431.
- 1,500 sq ft total gross space suitable for various business needs.
- Includes a bright, professional front office area and a 3‑bay workshop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,909
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,180
$338.2K
Cap Rate 7%
$241,557
$241.6K
Cap Rate 9%
$187,878
$187.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$4.5K −$2.97/SF
EGI
$22.5K $15.03/SF
− OpEx
−$5.6K −$3.76/SF
NOI
$16.9K $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 Rate 5%
$338,180
Cap Rate 7%
$241,557
Cap Rate 9%
$187,878
Alternative Uses
Best Use
Office B
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 3.76%
Second Best
Flex RnD
$123.0K
$107.6K – $143.5K
NOI $8,611 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$323.8K
$283.3K – $377.7K
NOI $22,663 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35950, AL
22,239
Population
7,762
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
79%
High-School Grad
43.2 sq mi
ZIP Area
515
Density / Sq Mi
$56,457
Median Household Income
$35,450
Median Earnings
$808
Median Rent
$149,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property featuring office space and workshop bays on Highway 431.
Where is this flex space located?
The property is located at 5261 Us Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High‑traffic location on Highway 431.; 1,500 sq ft total gross space suitable for various business needs.; Includes a bright, professional front office area and a 3‑bay workshop.
