Listing Agency: National Land Realty, Gulf Coast Show Phone

Listed By: Travis Cleveland Show Phone

Added: Jul 21 Changed: Aug 20 Last Checked: Sep 8 at 12:06AM

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MLS# 11899445

Copyright © 2026 My State MLS. 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.

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 = 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

$9,881

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

5.65%

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%

$197,620 $197.6K

Cap Rate 7%

$141,157 $141.2K

Cap Rate 9%

$109,789 $109.8K

Market Conditions

NOI Build-Up for 1,200 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

$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 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%

$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.

Property Analytics

Property Profile

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

Questions? Ask Rey

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

What type of property is this? Where is this flex space 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?

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