Multi-Tenant Retail
100 ELIZABETH STREET, Boaz, AL 35957
For Sale
$3,000,000
Commercial Sale, BOAZ, AL
Property Size37,500 SF
Lot Size1.46 Acres
Price / SF$80
Days on Market84
Property Features for 100 ELIZABETH STREET
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Water source
Building Details
Year built
Floors in Building
Flooring type
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Gabe Henderson · License AL #121789
(256) 302-3125
Added: Aug 21
Changed: Oct 29
Last Checked: Nov 12 at 7:06AM
MLS# 21927112
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.
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Investment Insights
Based on property information with market context.
This retail center contains 37,500 square feet and is occupied by six tenants. Concrete flooring is reported, and the property was built in 1985. The site covers 1.46 acres and has a public water source.
Located at 100 Elizabeth Street in Boaz, Alabama, the property is within Marshall County. Its multi-tenant arrangement and existing occupancy define the current configuration.
Located at 100 Elizabeth Street in Boaz, Alabama, the property is within Marshall County. Its multi-tenant arrangement and existing occupancy define the current configuration.
Key Highlights
- 37,500 square feet of retail space
- Six current tenants
- 1.46‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,227
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,784,540
$4.8M
Cap Rate 7%
$3,417,529
$3.4M
Cap Rate 9%
$2,658,078
$2.7M
Market Conditions
NOI Build-Up for 37,500 SF
Gross rent
$373.5K $9.96/SF
− Vacancy
−$31.7K −$0.85/SF
EGI
$341.8K $9.11/SF
− OpEx
−$102.5K −$2.73/SF
NOI
$239.2K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,784,540
Cap Rate 7%
$3,417,529
Cap Rate 9%
$2,658,078
Alternative Uses
Best Use
Retail
$3.42M
$2.99M – $3.99M
NOI $239,227 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.09M
$7.08M – $9.44M
NOI $566,568 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Taco Bell
Dining
17,880 visits/mo
0.5 miles
Demographics for 35957, AL
16,849
Population
6,755
Households
2.5
Avg Household Size
36
Median Age
13%
College-Educated
85%
High-School Grad
78.3 sq mi
ZIP Area
215
Density / Sq Mi
$53,859
Median Household Income
$35,277
Median Earnings
$679
Median Rent
$142,500
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
Similar Off Market Nearby
- Piper Station Shopping Center — S McCleskey St, Boaz, AL 35957
- South candel — 100 Elizabeth St, Boaz, AL 35957, United States
- The mason jar — 10565 AL-168, Boaz, AL 35957
Frequently Asked Questions
What type of property is this?
Shopping center - Six tenants occupy a substantial retail property on a 1.46-acre parcel.
Where is this shopping center located?
The property is located at 100 ELIZABETH STREET Boaz, AL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 37,500 square feet of retail space; Six current tenants; 1.46‑acre parcel
