Office Building with Reception
For Sale
$375,000
704 S 4th Street, Gadsden, AL 35901
SINGLE_FAMILY - Gadsden, AL
Property Size2,303 SF
Lot Size0.42 Acres
Price / SF$162.83
Days on Market36
Property Features for 704 S 4th Street
General Information
Property type
Residential
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Lot features
High Visibility
Directions
Rainbow Dr Turn Onto Sth 4th St @ Tropical Smoothie And Office Is On The Right.
Standard status
Active
APN
1502091000102.000
Size
2,303 SF
Lot size
0.42 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Vinyl, Wood
Roof type
Shingle
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Added: Jul 9
Changed: Aug 1
Last Checked: Aug 13 at 2:06AM
MLS# 21903327
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.
Timeless office space on the main vein of downtown Gadsden, located on S 4th Street. The layout includes a waiting and reception area, three executive offices, a conference room, two bathrooms, and a kitchen. A basement provides overflow and storage space. Flooring includes vinyl and wood, with central air cooling throughout and a shingle roof.
The property is about one block away from Riverview Regional Medical Center, within easy walking distance. Ample parking is provided, with rear alley access that also offers room to add parking. A pull-through drive supports convenient vehicle access, and there is a detached two-car garage/storage building.
Additional utilities are available through public water and public sewer services, supporting straightforward day-to-day operations for office tenants.
The property is about one block away from Riverview Regional Medical Center, within easy walking distance. Ample parking is provided, with rear alley access that also offers room to add parking. A pull-through drive supports convenient vehicle access, and there is a detached two-car garage/storage building.
Additional utilities are available through public water and public sewer services, supporting straightforward day-to-day operations for office tenants.
Key Highlights
- About 1 block from Riverview Regional Medical Center, easy walking distance
- Waiting and reception plus three executive offices and a conference room
- Basement for overflow/storage
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
$14,874
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
3.97%
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%
$297,480
$297.5K
Cap Rate 7%
$212,486
$212.5K
Cap Rate 9%
$165,267
$165.3K
Market Conditions
NOI Build-Up for 2,303 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
$25.4K $11.04/SF
− Vacancy
−$5.6K −$2.43/SF
EGI
$19.8K $8.61/SF
− OpEx
−$5.0K −$2.15/SF
NOI
$14.9K $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%
$297,480
Cap Rate 7%
$212,486
Cap Rate 9%
$165,267
Alternative Uses
Best Use
Office B
$212.5K
$185.9K – $247.9K
NOI $14,874 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$376.6K
$329.5K – $439.3K
NOI $26,359 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,619
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Downtown office space with waiting and reception plus executive offices, conference room, and basement storage.
Where is this office building located?
The property is located at 704 S 4th Street Gadsden, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: About 1 block from Riverview Regional Medical Center, easy walking distance; Waiting and reception plus three executive offices and a conference room; Basement for overflow/storage
