Mixed-Use Building with Office
546 BROAD STREET, Gadsden, AL 35901
For Sale
$999,900
Commercial Sale, GADSDEN, AL
Property Size12,000 SF
Lot Size0.15 Acres
Price / SF$83.33
Days on Market253
Property Features for 546 BROAD STREET
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Basement
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
boardroom
kitchen
workroom
Building Details
Year built
Floors in Building
Flooring type
Building materials
Buildings
Listing Agency:
Susie Weems Real Estate, LLC
(256) 546-4663
Listed By:
Mark Thrift · License AL #000046242
(256) 312-1797
Added: Mar 4
Changed: Nov 6
Last Checked: Nov 11 at 1:06PM
MLS# 21911276
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Investment Insights
Based on property information with market context.
At 546 Broad Street in Gadsden, this 12,000-square-foot mixed-use property contains four street-level suites and 11 offices upstairs. The upper floor also includes a boardroom, kitchen, and workroom. Built in 1925, the building features brick and concrete construction with carpet, concrete, and wood flooring.
The 0.15-acre property has central heating fueled by natural gas and central air conditioning. Exterior lighting and on-street parking are also part of the property’s features.
The 0.15-acre property has central heating fueled by natural gas and central air conditioning. Exterior lighting and on-street parking are also part of the property’s features.
Key Highlights
- 12,000‑square‑foot building on a 0.15‑acre lot
- Four street‑level suites and 11 upstairs offices
- Boardroom, kitchen, and workroom on the upper floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,501
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,020
$1.6M
Cap Rate 7%
$1,107,157
$1.1M
Cap Rate 9%
$861,122
$861.1K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$132.5K $11.04/SF
− Vacancy
−$29.1K −$2.43/SF
EGI
$103.3K $8.61/SF
− OpEx
−$25.8K −$2.15/SF
NOI
$77.5K $6.46/SF
Area
Etowah County, AL
Vacancy
22.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,020
Cap Rate 7%
$1,107,157
Cap Rate 9%
$861,122
Alternative Uses
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,880 @ 7.0% cap · market cap 11.09%
Second Best
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,770 @ 7.0% cap · market cap 9.48%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,344 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
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Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four ground-floor suites complement upper-level offices, with shared boardroom, kitchen, and workroom space.
Where is this mixed-use property located?
The property is located at 546 BROAD STREET Gadsden, AL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 12,000‑square‑foot building on a 0.15‑acre lot; Four street‑level suites and 11 upstairs offices; Boardroom, kitchen, and workroom on the upper floor
