Two-Story Office Building
For Sale
$1,900,000
9010 US Highway 431, Albertville, AL 35951
COMMERCIAL - Albertville, AL
Property Size11,000 SF
Lot Size0.74 Acres
Price / SF$172.73
Days on Market98
Property Features for 9010 US Highway 431
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Directions
Hwy 431 S, Go Thru Red Light At Mapco, Properties On Right With Sign
Standard status
Active
Size
11,000 SF
Lot size
0.74 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Flooring type
Carpet
Listing Agency:
The Real Estate Group · RE/MAX International
(256) 878-1000
Listed By:
Tracy Honea · License #89486
(256) 302-2590
Added: May 14
Changed: Aug 4
Last Checked: Aug 19 at 8:06AM
MLS# 21901380
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.
The property includes two office buildings designed for flexible, multi-purpose commercial use. The two-story building provides approximately 7,394 square feet and includes 10 offices, a reception area or lobby, conference rooms, and three bathrooms. A one-story building adds approximately 4,224 square feet. Parking is located at the rear of both buildings.
The site is positioned for high visibility with approximately 201 feet plus or minus of road frontage on Highway 431. Rear access is available from Mitchell Avenue.
The buildings are offered for sale as a combined campus, with all stated square footage and lot details to be verified by the purchaser.
The site is positioned for high visibility with approximately 201 feet plus or minus of road frontage on Highway 431. Rear access is available from Mitchell Avenue.
The buildings are offered for sale as a combined campus, with all stated square footage and lot details to be verified by the purchaser.
Key Highlights
- High visibility location with approximately 201 feet of road frontage on HWY 431.
- Two buildings included: a 2‑story building (approx. 7394 sq.ft.) and a 1‑story building (approx. 4224 sq.ft.).
- The 2‑story building features 10 offices, reception area/lobby, and conference rooms, plus 3 bathrooms.
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
$123,998
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
6.53%
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%
$2,479,960
$2.5M
Cap Rate 7%
$1,771,400
$1.8M
Cap Rate 9%
$1,377,756
$1.4M
Market Conditions
NOI Build-Up for 11,000 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
$198.0K $18.00/SF
− Vacancy
−$32.7K −$2.97/SF
EGI
$165.3K $15.03/SF
− OpEx
−$41.3K −$3.76/SF
NOI
$124.0K $11.27/SF
Area
Marshall County, AL
Vacancy
16.50%
Lease Rate
$18.00 /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%
$2,479,960
Cap Rate 7%
$1,771,400
Cap Rate 9%
$1,377,756
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $123,998 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,193 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 35951, AL
14,219
Population
5,778
Households
2.5
Avg Household Size
36
Median Age
14%
College-Educated
75%
High-School Grad
77.8 sq mi
ZIP Area
183
Density / Sq Mi
$51,869
Median Household Income
$30,701
Median Earnings
$688
Median Rent
$147,400
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 - Two office buildings offer 10 offices, reception area, conference rooms, and rear parking with highway frontage.
Where is this office building located?
The property is located at 9010 US Highway 431 Albertville, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High visibility location with approximately 201 feet of road frontage on HWY 431.; Two buildings included: a 2‑story building (approx. 7394 sq.ft.) and a 1‑story building (approx. 4224 sq.ft.).; The 2‑story building features **10 offices, reception area/lobby, and conference rooms**, plus 3 bathrooms.
