Retail or Restaurant
For Sale
$429,900
59 Douglas Road, Falkville, AL 35622
COMMERCIAL - Falkville, AL
Property Size3,640 SF
Lot Size0.52 Acres
Price / SF$118.10
Days on Market224
Property Features for 59 Douglas Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Metes And Bounds
Directions
65 South - Take Exit 322 In Falkville - Turn Right, Then Left Onto Douglas Rd 65 North - Take Exit 322 In Falkville - Turn Left - Then Turn Left Onto Douglas Rd.
Standard status
Active
APN
23 03 07 0 200 023.000
Size
3,640 SF
Lot size
0.52 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
2009
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Redstone Realty Solutions-Dec
(256) 350-9676
Listed By:
Chance Higdon · License #77903
(256) 303-9858
Added: Jan 19
Changed: Aug 4
Last Checked: Aug 31 at 1:06PM
MLS# 21895030
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.
For sale is an updated commercial building totaling 3,640 square feet, designed to support either retail or restaurant use. The property includes a paved parking lot.
The building is located in Falkville, Alabama at 59 Douglas Road, just off I-65 Exit 322 and positioned beside Loves.
With its straightforward retail/restaurant configuration and on-site paved parking, the space is well-suited for an operator looking for an established commercial footprint in a high-visibility access area.
The building is located in Falkville, Alabama at 59 Douglas Road, just off I-65 Exit 322 and positioned beside Loves.
With its straightforward retail/restaurant configuration and on-site paved parking, the space is well-suited for an operator looking for an established commercial footprint in a high-visibility access area.
Key Highlights
- 3,640 SQFT Commercial Building Ideal for Retail or Restaurant
- Excellent Business Opportunity
- Located Just off I‑65 Exit 322
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
$30,102
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
7.00%
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%
$602,040
$602.0K
Cap Rate 7%
$430,029
$430.0K
Cap Rate 9%
$334,467
$334.5K
Market Conditions
NOI Build-Up for 3,640 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
$48.0K $13.20/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$43.0K $11.81/SF
− OpEx
−$12.9K −$3.54/SF
NOI
$30.1K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /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%
$602,040
Cap Rate 7%
$430,029
Cap Rate 9%
$334,467
Alternative Uses
Best Use
Specialty Retail
$580.1K
$507.6K – $676.8K
NOI $40,608 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$430.0K
$376.3K – $501.7K
NOI $30,102 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$757.3K
$662.6K – $883.5K
NOI $53,010 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
9,643 visits/mo
0.4 miles
Chevron
Shops & Services
4,973 visits/mo
0.2 miles
Demographics for 35622, AL
7,257
Population
2,803
Households
2.6
Avg Household Size
43
Median Age
12%
College-Educated
88%
High-School Grad
96.4 sq mi
ZIP Area
75
Density / Sq Mi
$53,354
Median Household Income
$37,182
Median Earnings
$880
Median Rent
$174,400
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?
Storefront property - Updated 3,640 SF commercial building with paved parking lot, suited for retail or restaurant use.
Where is this storefront property located?
The property is located at 59 Douglas Road Falkville, AL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 3,640 SQFT Commercial Building Ideal for Retail or Restaurant; Excellent Business Opportunity; Located Just off I‑65 Exit 322
