Convenience Store
For Sale
$500,000
802 Highway 72 W, Athens, AL 35611
Business Opportunity, Athens, AL
Property Size2,500 SF
Price / SF$200
Days on Market47
Property Features for 802 Highway 72 W
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Huntsville, Go On Hwy 72 W To Athens. After Passing Hwy 31, Drive 1 More Mile Or So. The Business Is On Your Right.
Standard status
Active
Size
2,500 SF
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Park Real Estate
(256) 533-6700
Listed By:
Hong Park · License #40929
(256) 694-2169
Added: Aug 3
Changed: Sep 7
Last Checked: Sep 18 at 7:06AM
MLS# 21925456
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.
This grocery and convenience store property comprises approximately 2,500 square feet and has concrete flooring throughout. Public water service and public sewer support the site.
The property is located at 802 Highway 72 W in Athens, Alabama 35611.
The property is located at 802 Highway 72 W in Athens, Alabama 35611.
Key Highlights
- Approximately 2,500 square feet
- Concrete flooring
- Public water service
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
$34,920
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
6.98%
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%
$698,400
$698.4K
Cap Rate 7%
$498,857
$498.9K
Cap Rate 9%
$388,000
$388.0K
Market Conditions
NOI Build-Up for 2,500 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 $19.20/SF
− Vacancy
−$1.4K −$0.58/SF
EGI
$46.6K $18.62/SF
− OpEx
−$11.6K −$4.66/SF
NOI
$34.9K $13.97/SF
Area
Limestone County, AL
Vacancy
3.00%
Lease Rate
$19.20 /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%
$698,400
Cap Rate 7%
$498,857
Cap Rate 9%
$388,000
Alternative Uses
Best Use
Specialty Retail
$498.9K
$436.5K – $582.0K
NOI $34,920 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$436.5K
$381.9K – $509.3K
NOI $30,555 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$651.0K
$569.6K – $759.5K
NOI $45,570 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
131k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Apparel 20%
Home Improvements & Furnishings 12%
Shops & Services 12%
Tractor Supply Co.
Home Improvements & Furnishings
16,064 visits/mo
0.4 miles
Taco Bell
Dining
15,795 visits/mo
0.4 miles
Bealls
Apparel
15,023 visits/mo
0.3 miles
Big Lots
Superstores
12,991 visits/mo
0.3 miles
Arby's
Dining
11,288 visits/mo
0.2 miles
Demographics for 35611, AL
27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
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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Similar Off Market Nearby
- Hometown Grocery — 608 S Jefferson St, Athens, AL 35611
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial property with concrete flooring and access to public water and sewer.
Where is this grocery and convenience store located?
The property is located at 802 Highway 72 W Athens, AL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 2,500 square feet; Concrete flooring; Public water service
