Flex Space with
For Sale
$450,000
5261 US Highway 431, Albertville, AL 35950
Business Opportunity, Albertville, AL
Property Size1,500 SF
Lot Size0.34 Acres
Price / SF$300
Days on Market124
Property Features for 5261 US Highway 431
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Subdivision
Portwood
Directions
Highway 431 To Albertville From Boaz, Property On Left Across From Raceway
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: Oct 23
Last Checked: Oct 25 at 7:06PM
MLS# 21879448
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot flex property combines a front office area with a rear three-bay workshop. The office portion is suited to client meetings and administrative work, while the workshop provides space for manufacturing, storage, or service-related operations. Vinyl and concrete flooring are installed throughout, and the building includes two bathrooms.
Situated on US Highway 431 in Albertville, the property occupies 0.34 acres and includes a parking lot for employees and customers. Public water and public sewer serve the site.
Situated on US Highway 431 in Albertville, the property occupies 0.34 acres and includes a parking lot for employees and customers. Public water and public sewer serve the site.
Key Highlights
- 1,500 square feet of total gross space
- Three‑bay workshop at the rear of the building
- Front office area for meetings and administrative functions
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.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
263
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and workshop areas provide a practical setup for administrative, manufacturing, storage, or service-oriented operations.
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 square feet of total gross space; Three‑bay workshop at the rear of the building; Front office area for meetings and administrative functions
