Gas Station with Convenience
For Sale
$129,900
15841 Bobby Long Road, Duncanville, AL 35456
CommercialSale, Duncanville, AL
Property Size1,200 SF
Lot Size1.11 Acres
Price / SF$108.25
Days on Market695
Property Features for 15841 Bobby Long Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
From Hwy 215 S/US-82 E go 16 miles. Turn left onto Bobby Long Rd. Property on left.
Subdivision
(11) South Tuscaloosa County
Standard status
Active
APN
41-07-25-0-000-009.002
Size
1,200 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Description
Part Of S25 T24n R7e Desc As: Com Ne Cor Ne1/4-Se1/4; S 880.7; W 44.8 To Pob; W 23.9; Sw 158; Nw 134.6; Ne 13; Ne 47.2; Ne 29.1; Nw 64; Ne 79.9; Ne 105.8; Se 156.7; S 107 To Pob
Tax Annual Amount
629
Legal Description
Part Of S25 T24n R7e Desc As: Com Ne Cor Ne1/4-Se1/4; S 880.7; W 44.8 To Pob; W 23.9; Sw 158; Nw 134.6; Ne 13; Ne 47.2; Ne 29.1; Nw 64; Ne 79.9; Ne 105.8; Se 156.7; S 107 To Pob
Utilities
Cooling system
Ceiling Fan(s)
Building Details
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Shingle, Composition
Listing Agency:
RE/MAX PREMIERE GROUP
(205) 366-1999
Listed By:
Cathy White · License #000136467-0
(256) 441-3130
Added: Oct 14, 2024
Changed: Sep 7
Last Checked: Sep 8 at 2:06AM
MLS# 165220
Copyright © 2026 West Alabama Multiple Listing Service. 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 1,200-square-foot block building previously operated as a gas station and convenience store. The property is vacant and requires work, with concrete flooring, ceiling-fan cooling, and a shingle/composition roof. The sale includes the neighboring lot, while the white building behind the store is excluded.
The site fronts US-82 with 134.21 feet of road frontage and encompasses 1.11 acres. On-site parking is available. The property is being offered in its existing condition, providing a straightforward commercial site with an existing building and additional land.
The site fronts US-82 with 134.21 feet of road frontage and encompasses 1.11 acres. On-site parking is available. The property is being offered in its existing condition, providing a straightforward commercial site with an existing building and additional land.
Key Highlights
- 1.11‑acre property with a 1,200‑square‑foot commercial building
- 134.21 feet of road frontage along US‑82
- Neighboring lot included in the sale
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
$5,776
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
4.45%
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%
$115,520
$115.5K
Cap Rate 7%
$82,514
$82.5K
Cap Rate 9%
$64,178
$64.2K
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
$8.6K $7.20/SF
− Vacancy
−$389 −$0.32/SF
EGI
$8.3K $6.88/SF
− OpEx
−$2.5K −$2.06/SF
NOI
$5.8K $4.81/SF
Area
Tuscaloosa County, AL
Vacancy
4.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
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%
$115,520
Cap Rate 7%
$82,514
Cap Rate 9%
$64,178
Alternative Uses
Best Use
Specialty Retail
$215.7K
$188.7K – $251.6K
NOI $15,098 @ 7.0% cap · market cap 11.62%
Second Best
Retail
$192.5K
$168.5K – $224.6K
NOI $13,476 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K
NOI $20,186 @ 7.0% cap · market cap 15.54%
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
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 35456, AL
4,587
Population
1,853
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
88%
High-School Grad
81.3 sq mi
ZIP Area
56
Density / Sq Mi
$53,405
Median Household Income
$36,157
Median Earnings
$1,078
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Retail 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?
Gas station - Vacant block building with concrete floors, an adjoining parcel, and on-site parking.
Where is this gas station located?
The property is located at 15841 Bobby Long Road Duncanville, AL.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 1.11‑acre property with a 1,200‑square‑foot commercial building; 134.21 feet of road frontage along US‑82; Neighboring lot included in the sale
