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305 S 4Th St Gadsden, AL 35901

Retail properties & Spaces Google Maps
4,507 SF 0.57 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US03-2406193

Property summary

AI-generated overview

This exceptional investment opportunity presents a prime commercial property located at 305 S 4TH STREET, Gadsden, AL. The property consists of two buildings situated on a 0.57-acre lot. The main structure is a 4,456 square foot brick veneer building constructed in 1965, offering substantial space for professional office use. Complementing this is a 2,400 square foot pre-fabricated metal building constructed in 2008, providing additional versatile space. Currently, the property is fully occupied by a tenant under a renewed five-year lease, commencing August 2023, ensuring a stable and predictable income stream for the investor. This presents a compelling opportunity for passive income generation with a long-term tenant in place. The property's location in Gadsden, AL, offers excellent visibility and accessibility, making it an attractive proposition for both the current tenant and future occupants. The combination of a well-maintained brick building and a newer metal structure provides flexibility and ample space for a variety of professional office uses. This turnkey investment is ready for a discerning buyer seeking a strong return on investment with minimal management requirements. The existing lease provides immediate cash flow, minimizing vacancy risk and maximizing the potential for long-term profitability.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1965
Construction WOOD
Total area 4,507 SF
Lot 0.57 ac (25,000 SF)
APN 15-02-09-1-000-153.000
UPID US03-2406193

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Orthotics & Prosthetics Service Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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