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    Convenience Store and Gas Pump Site Title is generated by Realmo AI

    2455 Springhill Road, Eufaula, AL 36027

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    For Sale
    $141,000

    COMMERCIAL - Eufaula, AL

    Property size:
    1,870 SF
    Lot size:
    2.24 Acres
    Price / SF:
    $75/SF
    Added:
    Nov 21, 2023
    Days on Market:
    930
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 2455 Springhill Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    0001
    Standard status
    Active
    Size
    1,870 SF
    Lot size
    2.24 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    Parcel# 03-08-28-0-000-013-002
    Tax Annual Amount
    41

    Building Details

    Year built
    1975

    We can help!

    Listing Contact
    Linda Letourneau
    Linda Letourneau

    Listing agent Linda Letourneau

    Listing office BAKER REALTY, INC. P.O. BOX 145, EUFAULA, AL

    Listing date Nov 21, 2023

    MLS# 25482

    Copyright © 2026 Eufaula Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Functioning gas pumps, recently checked in 2023
    • Includes all appliances and shelving
    • New roof installed in 10/23
    • Building is in good shape
    • Previously successful country store
    • Second block building included (former laundry mat)

    Overview

    This offering includes a retail building and a second block building on approximately 2.24 acres. The property previously operated as a country store until about six years ago. Appliances and shelving are included with the sale, and the building is described as being in good shape, though it needs some additional care. A new roof was installed in 10/23, and the included appliances are reported to still work. Gas pumps are also included and were checked in 2023, and are reported to still be working.

    The second block building was used as a laundry mat and is noted as needing work. The site is located at 2455 Springhill Road in Eufaula, Alabama (Barbour County). The property is listed for sale.

    For buyers looking for a ready-to-repurpose retail location, this combination of store improvements, included fixtures, and functioning gas pumping equipment may support a variety of convenience-focused concepts. The need for TLC and additional work on the secondary structure should be planned for, particularly if the laundromat space is intended for continued or upgraded use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Eufaula
    County
    Barbour
    State
    Alabama
    Longitude
    -85.331533
    Latitude
    32.076345

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail building with gas pumps and included fixtures, plus a second block structure previously used as a laundromat.
    Where is this grocery and convenience store located?
    The property is located at 2455 Springhill Road Eufaula, AL.
    What is the asking price?
    The asking price for this property is $141,000.
    What are key features of this property?
    This property features: Functioning gas pumps, recently checked in 2023; Includes all appliances and shelving; **New roof installed in 10/23**
    (334) 689-9186
    We can help!
    Listing Contact
    Linda Letourneau
    Linda Letourneau
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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