Historic Restaurant with Wood
For Sale
$249,900
6080 Alabama Highway 117, Mentone, AL 35984
Business Opportunity, Mentone, AL
Property Size1,527 SF
Lot Size0.13 Acres
Price / SF$163.65
Days on Market93
Property Features for 6080 Alabama Highway 117
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Driveway, Parking Lot
Subdivision
Mentone Hotel Subdivision
Lot features
High Visibility
Directions
Downtown Mentone
Standard status
Active
APN
1008280001062.001
Size
1,527 SF
Lot size
0.13 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Flooring type
Wood
Roof type
Metal
Listing Agency:
Re/Max Property Center
(256) 997-9400
Listed By:
Annette Wright · License #73341
(256) 458-3739
Added: Jun 4
Changed: Aug 28
Last Checked: Sep 3 at 11:06PM
MLS# 21909427
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Investment Insights
Based on property information with market context.
This restaurant property includes a 1,527-square-foot building on 0.13 acres, with wood flooring, a metal roof, two bathrooms, and an established parking arrangement featuring both a driveway and parking lot. Built in 1900, the structure offers a historic setting for a new restaurant concept.
The property is located at 6080 Alabama Highway 117 in Mentone, Alabama, within DeKalb County. Public water serves the building, while wastewater is handled by a septic tank. Its prior operation as a local deli and restaurant provides documented restaurant history at the site.
The property is located at 6080 Alabama Highway 117 in Mentone, Alabama, within DeKalb County. Public water serves the building, while wastewater is handled by a septic tank. Its prior operation as a local deli and restaurant provides documented restaurant history at the site.
Key Highlights
- 1,527‑square‑foot restaurant building on 0.13 acres
- Built in 1900 with wood flooring and a metal roof
- Located at 6080 Alabama Highway 117, Mentone, AL 35984
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
$16,852
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
6.74%
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%
$337,040
$337.0K
Cap Rate 7%
$240,743
$240.7K
Cap Rate 9%
$187,244
$187.2K
Market Conditions
NOI Build-Up for 1,527 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
$24.4K $15.96/SF
− Vacancy
−$1.9K −$1.24/SF
EGI
$22.5K $14.72/SF
− OpEx
−$5.6K −$3.68/SF
NOI
$16.9K $11.04/SF
Area
DeKalb County, AL
Vacancy
7.80%
Lease Rate
$15.96 /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%
$337,040
Cap Rate 7%
$240,743
Cap Rate 9%
$187,244
Alternative Uses
Best Use
Specialty Retail
$240.7K
$210.7K – $280.9K
NOI $16,852 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$246.0K
$215.3K – $287.0K
NOI $17,220 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Wildflower Cafe
Dining
2,473 visits/mo
0.0 miles
Demographics for 35984, AL
1,976
Population
1,378
Households
1.4
Avg Household Size
53
Median Age
31%
College-Educated
85%
High-School Grad
71.3 sq mi
ZIP Area
28
Density / Sq Mi
$39,375
Median Household Income
$36,632
Median Earnings
$107,800
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?
Conventional restaurant - Existing restaurant improvements include customer parking, two bathrooms, public water, and septic service.
Where is this conventional restaurant located?
The property is located at 6080 Alabama Highway 117 Mentone, AL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,527‑square‑foot restaurant building on 0.13 acres; Built in 1900 with wood flooring and a metal roof; Located at 6080 Alabama Highway 117, Mentone, AL 35984
