Mixed-Use Building with Retail
10044-10062 AL HWY 168, Boaz, AL 35980
For Sale
New
$670,000
Commercial Sale, BOAZ, AL
Property Size6,000 SF
Lot Size0.15 Acres
Price / SF$111.67
Days on Market1
Property Features for 10044-10062 AL HWY 168
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Lot features
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Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
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Water source
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
ERA King Real Estate
(256) 442-1030
Listed By:
Sheila Freeman · License AL #84597
(256) 490-5018
Added: Nov 10
Last Checked: Nov 10 at 9:06PM
MLS# 21933740
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Investment Insights
Based on property information with market context.
The 6,000-square-foot mixed-use property contains eight retail and office suites. Six suites are occupied under leases with terms ranging from 2 to 10 years. The building has block construction, tile flooring, and a new shingle roof. Heating is electric and natural gas, with wall and window units for cooling.
The property occupies a 0.15-acre site in Boaz, Alabama. City parking is adjacent to the building, and tenants pay their own utilities.
The property occupies a 0.15-acre site in Boaz, Alabama. City parking is adjacent to the building, and tenants pay their own utilities.
Key Highlights
- Eight retail and office suites totaling 6,000 square feet
- Six suites occupied under leases ranging from 2 to 10 years
- New shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,276
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,520
$765.5K
Cap Rate 7%
$546,800
$546.8K
Cap Rate 9%
$425,289
$425.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$59.8K $9.96/SF
− Vacancy
−$5.1K −$0.85/SF
EGI
$54.7K $9.11/SF
− OpEx
−$16.4K −$2.73/SF
NOI
$38.3K $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%
$765,520
Cap Rate 7%
$546,800
Cap Rate 9%
$425,289
Alternative Uses
Best Use
Retail
$546.8K
$478.5K – $637.9K
NOI $38,276 @ 7.0% cap · market cap 5.71%
Second Best
Mixed Use
$480.2K
$420.2K – $560.3K
NOI $33,615 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,651 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
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Business Placement
Demographics for 35980, AL
5,327
Population
2,405
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
76%
High-School Grad
55.0 sq mi
ZIP Area
97
Density / Sq Mi
$57,655
Median Household Income
$36,005
Median Earnings
$748
Median Rent
$168,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A multi-suite layout combines retail and office space with tenant-paid utilities.
Where is this mixed-use property located?
The property is located at 10044-10062 AL HWY 168 Boaz, AL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Eight retail and office suites totaling 6,000 square feet; Six suites occupied under leases ranging from 2 to 10 years; New shingle roof
