Restaurant Building with
For Sale
$675,000
732 Saraland Boulevard S, Saraland, AL 36571
Commercial Sale, Saraland, AL
Property Size2,006 SF
Lot Size0.51 Acres
Price / SF$336.49
Days on Market124
Property Features for 732 Saraland Boulevard S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Parking
15
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
Restrooms
Lot features
Level, Rectangular Lot
View
City
Standard status
Active
APN
2202102000028001
Size
2,006 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Annual Amount
4520
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Flat
Listing Agency:
Paul Carter Agency
(251) 461-0777
Listed By:
Paul Carter
(251) 454-8560
Added: May 15
Changed: Sep 12
Last Checked: Sep 15 at 5:06AM
MLS# 7771619
Copyright © 2026 Mobile Area Association 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.
Investment Insights
Based on property information with market context.
This 2,006-square-foot restaurant property includes a block-constructed building with restrooms, ceramic tile flooring, a flat roof, central heating, central air, and ceiling fans. Public water and cable availability are reported, while the existing equipment is excluded from the sale. The building was completed in 1988 and carries B-2 zoning.
The property occupies 0.506 acres at 732 Saraland Boulevard S in Saraland, Alabama. It fronts a five-lane highway and sits across from the Saraland Event Center at Second Avenue. A parking lot provides approximately 20 spaces. The site previously operated as Taco Bell and Hart's Fried Chicken.
The property occupies 0.506 acres at 732 Saraland Boulevard S in Saraland, Alabama. It fronts a five-lane highway and sits across from the Saraland Event Center at Second Avenue. A parking lot provides approximately 20 spaces. The site previously operated as Taco Bell and Hart's Fried Chicken.
Key Highlights
- 2,006‑square‑foot restaurant building on 0.506 acres
- B‑2 zoning with public water service
- Approximately 20‑space parking lot
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
$21,101
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
3.13%
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%
$422,020
$422.0K
Cap Rate 7%
$301,443
$301.4K
Cap Rate 9%
$234,456
$234.5K
Market Conditions
NOI Build-Up for 2,006 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
$30.1K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.1K $14.03/SF
− OpEx
−$7.0K −$3.51/SF
NOI
$21.1K $10.52/SF
Area
Mobile County, AL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$422,020
Cap Rate 7%
$301,443
Cap Rate 9%
$234,456
Alternative Uses
Best Use
Specialty Retail
$301.4K
$263.8K – $351.7K
NOI $21,101 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.5K – $576.6K
NOI $34,597 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 15%
Shops & Services 14%
Apparel 11%
Wendy's
Dining
14,637 visits/mo
0.1 miles
Piggly Wiggly
Groceries
14,111 visits/mo
0.2 miles
Taco Bell
Dining
11,624 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,983 visits/mo
0.2 miles
Hardee's
Dining
6,116 visits/mo
0.5 miles
Demographics for 36571, AL
16,759
Population
7,755
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
426
Density / Sq Mi
$61,574
Median Household Income
$47,696
Median Earnings
$1,072
Median Rent
$210,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing commercial building with tile flooring, restrooms, central systems, and a dedicated parking lot.
Where is this conventional restaurant located?
The property is located at 732 Saraland Boulevard S Saraland, AL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,006‑square‑foot restaurant building on 0.506 acres; B‑2 zoning with public water service; Approximately 20‑space parking lot
