Listing Agency: National Land Realty, Gulf Coast Show Phone

Listed By: Travis Cleveland Show Phone

Added: Jul 21 Changed: Aug 20 Last Checked: Oct 23 at 3:06PM

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MLS# 11899445

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Investment Insights

Based on property information with market context.

This flex space includes a 1,200-square-foot building and a 480-square-foot covered porch, creating 1,680 square feet under roof. Interior walls are framed, electrical service has been installed with power available, and plumbing has been roughed in throughout the structure. The remaining work centers on interior completion, including flooring, cabinetry, fixtures, paint, and trim.

The property occupies 0.8 acres on Lamb Dr in Snead, Alabama. City water and sewer are available, although the taps have not been connected. The lot provides additional area beyond the existing building, while the unfinished interior allows the final layout and finishes to be selected by the purchaser.

Key Highlights

• 1,200‑square‑foot building with an additional 480‑square‑foot covered porch
• Total of 1,680 square feet under roof
• 0.8‑acre lot on Lamb Dr in Snead, AL 35952

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,881

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$197,620 $197.6K

Cap Rate 7%

$141,157 $141.2K

Cap Rate 9%

$109,789 $109.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$16.6K $13.80/SF

− Vacancy

−$1.4K −$1.13/SF

EGI

$15.2K $12.67/SF

− OpEx

−$5.3K −$4.43/SF

NOI

$9.9K $8.23/SF

Area

Etowah County, AL

Vacancy

8.20%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$197,620

Cap Rate 7%

$141,157

Cap Rate 9%

$109,789

Alternative Uses

Best Use

Flex RnD

$141.2K

$123.5K – $164.7K (±1% cap)

NOI $9,881 @ 7.0% cap · market cap 5.65%

Second Best

Industrial

$78.1K

$68.3K – $91.1K (±1% cap)

NOI $5,466 @ 7.0% cap · market cap 3.12%

Theoretical Best

Specialty Retail

$196.2K

$171.7K – $228.9K (±1% cap)

NOI $13,734 @ 7.0% cap · market cap 7.85%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35952, AL

7,847

Population

3,914

Households

2

Avg Household Size

42

Median Age

12%

College-Educated

77%

High-School Grad

109.4 sq mi

ZIP Area

72

Density / Sq Mi

$44,973

Median Household Income

$29,460

Median Earnings

$661

Median Rent

$120,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Partially completed flex space with installed electrical, framed interior walls, and plumbing rough-ins ready for final build-out.

Where is this flex space located?

The property is located at Lamb Dr Snead, AL.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 1,200‑square‑foot building with an additional 480‑square‑foot covered porch; Total of 1,680 square feet under roof; 0.8‑acre lot on Lamb Dr in Snead, AL 35952