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    679 Quinns Lndg Adger, AL 35006

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    Sponsored
    For Sale
    $149,900

    Retail - ADGER, AL

    Type:Retail
    Property size:
    1,800 SF
    Lot size:
    11.00 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 14 at 10:06 am

    Property Features for 679 Quinns Lndg

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Size
    1,800 SF
    Lot size
    11.00 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Natural Gas, Propane (Heating)
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1991
    Floors in Building
    2
    Flooring type
    Carpet, Carpet - Partial, Tile, Vinyl
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Marie Harris

    Real Broker LLC (855) 450-0442

    Listing agent Tina Marie Harris (334) 631-1234

    Listing date Mar 2, 2026

    MLS# 21444970 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Unique Marina and Restaurant Opportunity

    This unique property in Adger, Alabama, presents a fixer-upper opportunity. Quinn’s Landing Marina, constructed in 1991, operated as a marina and full-service restaurant until the summer of 2025. The sale includes the buildings and structures situated on approximately 11 acres of land leased from U.S. Steel, with a lease (licensing agreement) that renews every 5 years. The main building features approximately 1,800 square feet on the ground floor, encompassing a full restaurant kitchen, office, bathroom, storage area, and a large dining area with a wood-burning fireplace. The upper floor comprises a 1,600-square-foot apartment with three bedrooms, one bathroom, a kitchen, laundry facilities, and a living room. Additionally, there is a separate 900-square-foot pole barn with a concrete floor and electricity. The property includes 16 wet boat slips for rent, a gas pump, and a 1,500-gallon tank for boat gas sales, along with approximately 650 feet of waterfront pier for boat docking. A boat ramp and a large parking area are also present. The property is offered for sale "AS-IS", reflecting the need for renovations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Building Supply Big Box & Wholesale Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Adger
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.257272
    Latitude
    33.530216

    Nearby Similar for Sale

    • $350,000
      7.00 Acres

      Lighthouse Marina and Restaurant

      Marina and Restaurant with boat slips and rental income.
      604 Joe Branch Rd, Adger, AL 35006
      View Details

    FAQs

    What type of property is this?
    Marina - Marina and restaurant on leased land with waterfront access.
    Where is this marina located?
    The property is located at 679 Quinns Lndg Adger, AL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Marina with **16 wet boat slips** and **650' of waterfront pier**.; - Operating history as a marina and full-service restaurant (until summer 2025).; - **Main building features a 1,800 sq ft ground floor** including a full restaurant kitchen and dining area with a wood-burning fireplace.
    (205) 999-5238
    Request Owner's contact information
    679 Quinns Lndg Adger, AL 35006
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    Adger, AL 35006
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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.

    More about this property
    679 Quinns Lndg Adger, AL 35006
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    We can help!
    Listing Contact
    Tina Marie Harris
    Real Estate License ID: 70799
    (205) 999-5238 (205) 605-1000 (334) 631-1234
    Learn more
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