Multi-Tenant Shopping
For Sale
$3,000,000
100 Elizabeth Street, Boaz, AL 35957
Business Opportunity, Boaz, AL
Property Size37,500 SF
Lot Size1.46 Acres
Price / SF$80
Days on Market50
Property Features for 100 Elizabeth Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Subdivision
Metes And Bounds
Directions
Hwy 431 S; Right On E Mill Ave, Property Will Be 0.5 Miles On The Left
Standard status
Active
APN
2503062001072.002
Size
37,500 SF
Lot size
1.46 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Gabe Henderson · License #121789
(256) 302-3125
Added: Aug 21
Changed: Sep 30
Last Checked: Oct 9 at 11:06PM
MLS# 21927112
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Investment Insights
Based on property information with market context.
This multi-tenant shopping center contains 37,500 square feet on a 1.46-acre parcel. Built in 1985, the property has concrete flooring and is occupied by six tenants, providing an established retail configuration within a single commercial building.
The property is located at 100 Elizabeth Street in Boaz, Alabama, in Marshall County. Public water and public sewer serve the site, supporting the existing commercial improvements. Its substantial building area and tenant layout provide a defined retail property format for continued ownership or leasing consideration.
The property is located at 100 Elizabeth Street in Boaz, Alabama, in Marshall County. Public water and public sewer serve the site, supporting the existing commercial improvements. Its substantial building area and tenant layout provide a defined retail property format for continued ownership or leasing consideration.
Key Highlights
- 37,500 square feet of commercial building area
- 1.46‑acre site at 100 Elizabeth Street
- Six current tenants occupy the property
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.
Property Analytics
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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
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Similar Off Market Nearby
- Piper Station Shopping Center — S McCleskey St, Boaz, AL 35957
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Frequently Asked Questions
What type of property is this?
Shopping center - Occupied retail property with six tenants, concrete flooring, and public water and sewer service.
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 commercial building area; 1.46‑acre site at 100 Elizabeth Street; Six current tenants occupy the property
