Mixed-Use Office and
834 Chestnut Street Gadsden, AL 35901
For Sale
$399,900
Main level includes five office spaces and a conference room, with a one-bedroom apartment upstairs.
Property Size3,959 SF
Price / SF$101.01
Days on Market25
Property Features for 834 Chestnut Street
General Information
- Standard status
- Active
- Size
- 3,959 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency:
Impact Realty, LLC
(256) 486-2333
Listed By:
Katie McKenzie · License #105125
(256) 486-2333
Source:
Alabamaland
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Impact Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines office space with an upstairs apartment. The main level features five office spaces plus a conference room, providing dedicated areas for day-to-day operations and meetings. Upstairs, there is a one-bedroom apartment with a kitchen, living area, and a full bath.
Located in Historic Downtown Gadsden, the property includes cobblestone parking and benefits from a setting tied to the area’s historic character.
The overall layout supports dual use, with separate office and residential space within the same building.
Located in Historic Downtown Gadsden, the property includes cobblestone parking and benefits from a setting tied to the area’s historic character.
The overall layout supports dual use, with separate office and residential space within the same building.
Key Highlights
- 1910‑built property in Historic Downtown Gadsden offering office space plus a one‑bedroom apartment
- Main level includes five office spaces and a conference room
- Upstairs one‑bedroom apartment includes a kitchen, living area, and full bath
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $11.04 |
| − Vacancy | −$9.6k | −$2.43 |
| EGI | $34.1k | $8.61 |
| − OpEx | −$8.5k | −$2.15 |
| NOI | $25.6k | $6.46 |
3,959 SF · lease $11.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.3K
$319.6K – $426.2K
NOI $25,569 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$647.3K
$566.4K – $755.2K
NOI $45,312 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Padula Law Firm ...
Law Firm
Stephanie Gillilan Attorney ...
Law Firm
Erica Tucker Lang ...
Law Firm
Joseph Andrew Jones, ...
Law Firm
FAQs
What type of property is this?
Office building - Main level includes five office spaces and a conference room, with a one-bedroom apartment upstairs.
Where is this office building located?
The property is located at 834 Chestnut Street Gadsden, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1910‑built property in Historic Downtown Gadsden offering office space plus a one‑bedroom apartment; Main level includes five office spaces and a conference room; Upstairs one‑bedroom apartment includes a kitchen, living area, and full bath
