Flex Space with 3-Bay
5261 US Highway 431 Albertville, AL 35950
For Sale
$450,000
COMMERCIAL - Albertville, AL
Property Size1,500 SF
Lot Size0.34 Acres
Price / SF$300
Days on Market34
Property Features for 5261 US Highway 431
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.34 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl, Concrete
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Jeff Overstreet · License #64243
(256) 302-7722
Added: Jun 24
Changed: Jul 26
Last Checked: Jul 27 at 1:06AM
MLS# 21879448
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Investment Insights
Based on property information with market context.
This flex space combines a bright, front office area with a three-bay workshop in the back, for a total of 1,500 square feet of gross space. The office portion is suited for client meetings and administrative work, while the workshop bays support manufacturing, storage, or service-oriented operations.
The property is positioned on US Highway 431 in Albertville, Alabama, with convenient parking for both employees and customers.
With its split office-and-shop layout, the building is designed to accommodate businesses that need both workspace for staff and functional bays for day-to-day operations.
The property is positioned on US Highway 431 in Albertville, Alabama, with convenient parking for both employees and customers.
With its split office-and-shop layout, the building is designed to accommodate businesses that need both workspace for staff and functional bays for day-to-day operations.
Key Highlights
- 1,500 sq ft total gross commercial space with front office and 3‑bay workshop area
- Front office area designed for client meetings and administrative operations
- 3‑bay workshop in the back for manufacturing, storage, or service‑oriented use
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 | $27.0k | $18.00 |
| − Vacancy | −$4.5k | −$2.97 |
| EGI | $22.5k | $15.03 |
| − OpEx | −$5.6k | −$3.76 |
| NOI | $16.9k | $11.27 |
1,500 SF · lease $18.00/SF/yr · vacancy 16.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Front office area plus a three-bay workshop at a Highway 431 commercial site with convenient parking.
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: 1,500 sq ft total gross commercial space with front office and 3‑bay workshop area; Front office area designed for client meetings and administrative operations; 3‑bay workshop in the back for manufacturing, storage, or service‑oriented use
