Retail Building on Corner
For Sale
$900,000
810 Highway 72, Athens, AL 35611
COMMERCIAL - Athens, AL
Property Size3,300 SF
Lot Size0.67 Acres
Price / SF$272.73
Days on Market239
Property Features for 810 Highway 72
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Subdivision
Metes And Bounds
Directions
From 72-Jefferson Go West On 72 Approx 1.5 On Rt
Standard status
Active
APN
10 03 08 3 001 136.000
Size
3,300 SF
Lot size
0.67 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet
Roof type
Metal
Listing Agency:
Aaa Realty & Auction
(256) 232-0944
Listed By:
Gregg Crow · License #91899
(256) 260-5531
Added: Dec 16, 2025
Changed: Aug 4
Last Checked: Aug 12 at 10:06AM
MLS# 21844630
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.
Retail building on a corner lot with three commercial spaces, all currently rented. The property includes a billboard that provides income. Building size is 3,300 square feet on a 0.6685-acre lot, with access from both the front and side.
The interior features carpet flooring and three bathrooms. Utilities include public water and public sewer. Heating is electric and cooling is central air. The roof is metal.
Situated on a main highway with a high traffic count, the property’s corner configuration supports straightforward customer access from multiple sides.
The interior features carpet flooring and three bathrooms. Utilities include public water and public sewer. Heating is electric and cooling is central air. The roof is metal.
Situated on a main highway with a high traffic count, the property’s corner configuration supports straightforward customer access from multiple sides.
Key Highlights
- 3,300 square feet retail building
- 0.6685‑acre corner lot
- Three commercial spaces all rented
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
$40,333
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
4.48%
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%
$806,660
$806.7K
Cap Rate 7%
$576,186
$576.2K
Cap Rate 9%
$448,144
$448.1K
Market Conditions
NOI Build-Up for 3,300 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
$59.4K $18.00/SF
− Vacancy
−$1.8K −$0.54/SF
EGI
$57.6K $17.46/SF
− OpEx
−$17.3K −$5.24/SF
NOI
$40.3K $12.22/SF
Area
Limestone County, AL
Vacancy
3.00%
Lease Rate
$18.00 /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%
$806,660
Cap Rate 7%
$576,186
Cap Rate 9%
$448,144
Alternative Uses
Best Use
Retail
$576.2K
$504.2K – $672.2K
NOI $40,333 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$859.3K
$751.9K – $1.00M
NOI $60,152 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
131k
Monthly Visits Nearby
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
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?
Retail space - Retail building on a corner lot with access from the front and side, offering three commercial spaces all rented.
Where is this retail space located?
The property is located at 810 Highway 72 Athens, AL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,300 square feet retail building; 0.6685‑acre corner lot; Three commercial spaces all rented
