Mixed-Use Office
For Sale
$389,900
834 Chestnut Street, Gadsden, AL 35901
A separate upstairs apartment adds residential space to a ground-level office layout with five offices and a conference room.
Property Size3,959 SF
Price / SF$98.48
Days on Market126
Property Features for 834 Chestnut Street
General Information
Standard status
Active
Size
3,959 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
conference room
Building Details
Building Size
3,959 SF
Year Built
1910
Listing Agency:
Impact Realty, LLC
Listed By:
Katie McKenzie · License #105125
(256) 486-2333
Source:
Intownpartners
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 27 at 4:11AM
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
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Investment Insights
Based on property information with market context.
This 3,959-square-foot mixed-use property, built in 1910, combines office and residential space. The ground floor contains five offices and a conference room. On the upper level, a one-bedroom apartment includes a kitchen, living area, and full bath, with a layout that supports either occupancy or rental use.
The property is at 834 Chestnut Street in downtown Gadsden, Alabama. Cobblestone parking serves the building.
The property is at 834 Chestnut Street in downtown Gadsden, Alabama. Cobblestone parking serves the building.
Key Highlights
- 3,959 square feet; built in 1910
- Ground floor has five offices and a conference room
- Upstairs one‑bedroom apartment with kitchen, living area, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,266
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,320
$625.3K
Cap Rate 7%
$446,657
$446.7K
Cap Rate 9%
$347,400
$347.4K
Market Conditions
NOI Build-Up for 3,959 SF
Gross rent
$55.6K $14.04/SF
− Vacancy
−$5.6K −$1.40/SF
EGI
$50.0K $12.64/SF
− OpEx
−$18.8K −$4.74/SF
NOI
$31.3K $7.90/SF
Area
Etowah County, AL
Vacancy
10.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,320
Cap Rate 7%
$446,657
Cap Rate 9%
$347,400
Alternative Uses
Best Use
Mixed Use
$446.7K
$390.8K – $521.1K
NOI $31,266 @ 7.0% cap · market cap 8.02%
Second Best
Office B
$365.3K
$319.6K – $426.2K
NOI $25,569 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$647.3K
$566.4K – $755.2K
NOI $45,312 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate upstairs apartment adds residential space to a ground-level office layout with five offices and a conference room.
Where is this mixed-use property located?
The property is located at 834 Chestnut Street Gadsden, AL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 3,959 square feet; built in 1910; Ground floor has five offices and a conference room; Upstairs one‑bedroom apartment with kitchen, living area, and full bath
