Multi-Tenant Office Building with
For Sale
$999,900
546 Broad Street, Gadsden, AL 35901
COMMERCIAL - Gadsden, AL
Property Size12,000 SF
Lot Size0.15 Acres
Price / SF$83.33
Days on Market162
Property Features for 546 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 2, Bathroom 5, Basement, Bathroom 4, Bathroom 3
Parking features
On Street
Exterior features
Sidewalks, Curb/Gutters, Lighting
Lot features
High Visibility, Corner Lot
Directions
Take 431 West, Take Right On Third Street Then Right On Broad Street And Building Will Be Corner Of Sixth And Broad On The Left.
Standard status
Active
APN
1502044000174.000
Size
12,000 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
boardroom
kitchen
workroom
Building Details
Year built
1925
Floors in Building
2
Flooring type
Carpet, Concrete, Wood
Roof type
Rolled Hot Mop
Listing Agency:
Susie Weems Real Estate, LLC
(256) 546-4663
Listed By:
Mark Thrift · License #000046242
(256) 312-1797
Added: Mar 4
Changed: Aug 4
Last Checked: Aug 13 at 4:06AM
MLS# 21911276
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.
Investment Insights
Based on property information with market context.
This multi-tenant office building offers a mix of four street-level suites and eleven upstairs office suites, along with a boardroom, kitchen, and workroom. The interior includes concrete, carpet, and wood flooring, with multiple bathrooms and a basement providing additional space. Heating is natural gas with central heating, and cooling is central air.
The property sits on a 0.15-acre lot and totals 12,000 square feet, built in 1925. Exterior features include sidewalks, curbs and gutters, and lighting, with on-street parking available. The building has a rolled hot mop roof, and services include public water and public sewer.
For tenants or owner-occupants, the layout supports multiple office configurations within one building, while shared common elements such as the boardroom and work areas can help accommodate a range of business needs.
The property sits on a 0.15-acre lot and totals 12,000 square feet, built in 1925. Exterior features include sidewalks, curbs and gutters, and lighting, with on-street parking available. The building has a rolled hot mop roof, and services include public water and public sewer.
For tenants or owner-occupants, the layout supports multiple office configurations within one building, while shared common elements such as the boardroom and work areas can help accommodate a range of business needs.
Key Highlights
- 12,000 SF multi‑tenant office building on a 0.15‑acre lot
- Four street‑level suites plus eleven upstairs office suites
- Boardroom, kitchen, and workroom included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,550,020
Cap Rate 7%
$1,107,157
Cap Rate 9%
$861,122
Alternative Uses
Best Use
Office B
$1.11M
$968.8K – $1.29M
NOI $77,501 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant setup with street-level and upstairs office suites, plus central HVAC and a boardroom.
Where is this office building 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 SF multi‑tenant office building on a 0.15‑acre lot; Four street‑level suites plus eleven upstairs office suites; Boardroom, kitchen, and workroom included
