Building Details

Number of units 3

Listing Agency: Main Street Realty Plus, LLC

Listed By: Tyler Higdon · License #176729 Show Phone

Added: Jul 24 Changed: Oct 12 Last Checked: Oct 25 at 10:06PM

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MLS# 21924733

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Investment Insights

Based on property information with market context.

This triplex property comprises three adjoining parcels with three existing homes totaling 3,306 square feet. The combined land area is 8.6 acres, providing substantial ground associated with the residential improvements. Each parcel includes driveway parking, while water service is provided publicly and wastewater is handled by septic tanks.

The property is positioned along US-431 with access to Sardis City, Boaz, Albertville, and Gadsden. Its three-home configuration supports a multifamily ownership structure, while the adjoining parcels create a unified residential property with room for additional development as permitted.

Key Highlights

• Three existing homes across three adjoining parcels
• 8.6 acres of combined land area
• 3,306 square feet of property size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,474

Cap Rate

4.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,480 $389.5K

Cap Rate 7%

$278,200 $278.2K

Cap Rate 9%

$216,378 $216.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,306 SF

Gross rent

$29.8K $9.00/SF

− Vacancy

−$1.9K −$0.59/SF

EGI

$27.8K $8.42/SF

− OpEx

−$8.3K −$2.52/SF

NOI

$19.5K $5.89/SF

Area

Marshall County, AL

Vacancy

6.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,480

Cap Rate 7%

$278,200

Cap Rate 9%

$216,378

Alternative Uses

Best Use

Multifamily LT 5

$278.2K

$243.4K – $324.6K (±1% cap)

NOI $19,474 @ 7.0% cap · market cap 4.88%

Second Best

Apartment 5plus

$255.7K

$223.7K – $298.3K (±1% cap)

NOI $17,896 @ 7.0% cap · market cap 4.49%

Theoretical Best

Office A

$713.6K

$624.4K – $832.5K (±1% cap)

NOI $49,949 @ 7.0% cap · market cap 12.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Explore this area Business Placement

Demographics for 35956, AL

9,109

Population

3,892

Households

2.3

Avg Household Size

41

Median Age

19%

College-Educated

87%

High-School Grad

74.3 sq mi

ZIP Area

123

Density / Sq Mi

$57,598

Median Household Income

$36,569

Median Earnings

$816

Median Rent

$170,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three existing homes across adjoining parcels with public water and septic service.

Where is this triplex located?

The property is located at 80 Coal Ridge Road Sardis City, AL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Three existing homes across three adjoining parcels; 8.6 acres of combined land area; 3,306 square feet of property size