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: Sep 6 Last Checked: Sep 10 at 5:06AM

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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 = 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

$19,474

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

4.34%

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%

$389,480 $389.5K

Cap Rate 7%

$278,200 $278.2K

Cap Rate 9%

$216,378 $216.4K

Market Conditions

NOI Build-Up for 3,306 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

$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 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%

$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 4.34%

Second Best

Apartment 5plus

$255.7K

$223.7K – $298.3K (±1% cap)

NOI $17,896 @ 7.0% cap · market cap 3.99%

Theoretical Best

Office A

$713.6K

$624.4K – $832.5K (±1% cap)

NOI $49,949 @ 7.0% cap · market cap 11.12%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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 $449,000.

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