Restaurant With Separate Living
For Sale
$875,000
5601 Winchester Road, New Market, AL 35761
COMMERCIAL - New Market, AL
Property Size2,035 SF
Lot Size0.90 Acres
Price / SF$429.98
Days on Market44
Property Features for 5601 Winchester Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Driveway
Directions
Hwy 72 East, Left Onto Moores Mill Rd, Right On Winchester Rd, Straight For Approximately 8miles, Business Is On The Left.
Standard status
Active
APN
0209321000053.000
Size
2,035 SF
Lot size
0.90 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1996
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Century 21 Rocket City
(256) 469-0421
Listed By:
Shawn Guzman · License #110855
(256) 226-5386
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 5 at 2:06AM
MLS# 21921288
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Investment Insights
Based on property information with market context.
Mixed-use restaurant property on approximately 0.90 acres in New Market, Alabama, offering a dedicated commercial building plus a separate 1-bedroom, 1-bath living space. The commercial interior features concrete flooring, and the property is serviced with central heating and central air. A metal roof tops the improvements, and parking is provided via driveway access.
The site is on Winchester Road and is described as zoned for both residential and commercial use. Water service is listed as public water, with sewer provided by a septic tank.
Built in 1996, this configuration supports a true live-work setup, with space for day-to-day restaurant operations alongside an attached or nearby residential unit.
The site is on Winchester Road and is described as zoned for both residential and commercial use. Water service is listed as public water, with sewer provided by a septic tank.
Built in 1996, this configuration supports a true live-work setup, with space for day-to-day restaurant operations alongside an attached or nearby residential unit.
Key Highlights
- Approximately 0.90‑acre mixed‑use site
- Separate 1‑bedroom, 1‑bath living space plus commercial building
- Zoned residential and commercial
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $19.20 |
| − Vacancy | −$1.2k | −$0.58 |
| EGI | $37.9k | $18.62 |
| − OpEx | −$9.5k | −$4.66 |
| NOI | $28.4k | $13.97 |
2,035 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$406.1K
$355.3K – $473.8K
NOI $28,425 @ 7.0% cap · market cap 3.25%
Second Best
Office B
$371.4K
$325.0K – $433.3K
NOI $25,998 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35761, AL
12,561
Population
5,522
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
116.6 sq mi
ZIP Area
108
Density / Sq Mi
$82,321
Median Household Income
$45,892
Median Earnings
$975
Median Rent
$215,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Conventional restaurant - Mixed-use restaurant on Winchester Road with a separate 1-bedroom, 1-bath living unit and ample parking.
Where is this conventional restaurant located?
The property is located at 5601 Winchester Road New Market, AL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 0.90‑acre mixed‑use site; Separate 1‑bedroom, 1‑bath living space plus commercial building; Zoned residential and commercial
