Commercial Kitchen Property with Detached
For Sale
$449,000
1050 Highway 157, Leighton, AL 35646
COMMERCIAL - Leighton, AL
Property Size3,900 SF
Lot Size3.60 Acres
Price / SF$115.13
Days on Market48
Property Features for 1050 Highway 157
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Metes And Bounds
Directions
Located Off Highway 157 On Duncan Lane
Standard status
Active
APN
1207350000008.001
Size
3,900 SF
Lot size
3.60 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Elite Properties Of The South
(256) 559-1945
Listed By:
Jonathan Berryhill · License #135145
(256) 874-7354
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 29 at 7:06PM
MLS# 21923571
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.
This commercial kitchen property includes a fully equipped commercial kitchen within a main building, complemented by a detached building that can support multiple commercial functions. The detached structure offers flexibility for uses such as offices, retail, storage, or events, supporting a variety of foodservice and specialty operations.
The property sits on a 3.6-acre lot at 1050 Highway 157 in Leighton, Alabama. The facility has concrete flooring, with public water available on site and sewer provided via a septic tank.
With the existing kitchen buildout and additional detached space, the layout is designed to accommodate food production and related customer or operational needs in one location.
The property sits on a 3.6-acre lot at 1050 Highway 157 in Leighton, Alabama. The facility has concrete flooring, with public water available on site and sewer provided via a septic tank.
With the existing kitchen buildout and additional detached space, the layout is designed to accommodate food production and related customer or operational needs in one location.
Key Highlights
- Fully equipped commercial kitchen for foodservice and production use
- Detached building for offices, retail, storage, or events
- 3.6‑acre lot at 1050 Highway 157, Leighton, AL
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
$28,045
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
6.25%
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%
$560,900
$560.9K
Cap Rate 7%
$400,643
$400.6K
Cap Rate 9%
$311,611
$311.6K
Market Conditions
NOI Build-Up for 3,900 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
$39.8K $10.20/SF
− Vacancy
−$2.4K −$0.61/SF
EGI
$37.4K $9.59/SF
− OpEx
−$9.3K −$2.40/SF
NOI
$28.0K $7.19/SF
Area
Colbert County, AL
Vacancy
6.00%
Lease Rate
$10.20 /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%
$560,900
Cap Rate 7%
$400,643
Cap Rate 9%
$311,611
Alternative Uses
Best Use
Specialty Retail
$400.6K
$350.6K – $467.4K
NOI $28,045 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$221.8K
$194.1K – $258.8K
NOI $15,528 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$622.8K
$544.9K – $726.6K
NOI $43,595 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 35646, AL
4,268
Population
2,181
Households
2
Avg Household Size
44
Median Age
8%
College-Educated
79%
High-School Grad
90.4 sq mi
ZIP Area
47
Density / Sq Mi
$58,407
Median Household Income
$43,231
Median Earnings
$475
Median Rent
$114,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Commercial kitchen facility on a 3.6-acre site with a detached building and public water served by a septic tank.
Where is this commercial kitchen located?
The property is located at 1050 Highway 157 Leighton, AL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Fully equipped commercial kitchen for foodservice and production use; Detached building for offices, retail, storage, or events; 3.6‑acre lot at 1050 Highway 157, Leighton, AL
