Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Saraland Retail Center Title is generated by Realmo AI

    1016 Industrial Pkwy, Saraland, AL 36571

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Stabilized three-tenant strip center in Saraland, Alabama for sale.

    Type:Retail
    Property size:
    6,008 SF
    Price / SF:
    $366/SF
    Added:
    Feb 5, 2026
    Days on Market:
    99
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1016 Industrial Pkwy

    General Information

    Standard status
    Active
    Size
    6,008 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Colby Herrington, CCIM
    Colby Herrington, CCIM

    Listing agent Colby Herrington, CCIM License #AL 000100848-0

    Listing office Herrington Realty

    Listing date Feb 5, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Herrington Realty

    HighLights

    • Anchored by McAlister’s Deli with Drive‑Thru
    • Located on Main Retail Corridor
    • Across from Saraland High School and Walmart Supercenter
    • Fully Leased 3‑Unit Neighborhood Center
    • Diverse and Reliable Tenant Mix (McAlister’s, 1st Franklin Financial, TherapySouth)
    • Located in Fast‑Growing City of Saraland, Alabama

    Overview

    This stabilized, three-tenant strip center is located in the fast-growing city of Saraland, Alabama. The property, with a size of 6008 square feet, is anchored by McAlister’s Deli, which occupies 3,200 square feet and features a drive-thru. The property is positioned directly on the city's main retail corridor, across from Saraland High School and a Walmart Supercenter, ensuring high visibility and consistent traffic. The remaining units are occupied by 1st Franklin Financial and TherapySouth, providing a diverse and reliable tenant mix. The property is intended for commercial real estate use.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saraland
    County
    Mobile
    State
    Alabama
    Longitude
    -88.09716
    Latitude
    30.802749

    Nearby Similar for Sale

    • $675,000
      2,006 SF

      Saraland Restaurant Space For Sale

      Restaurant space for sale on a 5-lane highway.
      732 Saraland Boulevard S, Saraland, AL 36571
      View Details
    • $329,900
      1,807 SF

      Saraland Retail and Event Venue

      Retail and event venue with tenant-occupied separate building.
      505 Hartley Road, Saraland, AL 36571
      View Details
    • $525,000
      3,200 SF

      Saraland Commercial Property on 2.68 Acres

      3200 sqft building on 2.68 acres near Highway 43.
      1306 Saraland S Avenue, Saraland, AL 36571
      View Details
    • $349,900

      Retail and Event Venue Opportunity

      Two buildings, previously a hair salon, gift shop, and event venue.
      505 Hartley Road, Saraland, AL 36571
      View Details
    • $339,900
      3,906 SF

      3,906 SF Warehouse/Office Building For Sale in the Heart of Saraland

      3,906 SF warehouse/office with five bay doors in Saraland.
      810 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $875,000
      7,000 SF

      7,000 SF Free-Standing Former Restaurant For Sale

      7,000 SF restaurant on 1.05 acres in Saraland, Alabama.
      929 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $429,900
      4,396 SF

      4,396 SF Retail Building For Sale

      Freestanding 4,396 SF retail building on 0.99-acre lot.
      820 - 828 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $499,000

      Wrecker and Mechanic Shop

      Large property suitable for a mechanic shop with living quarters.
      319 Saraland S Boulevard, Saraland, AL 36571
      View Details
    • $350,000

      Former Shooting Facility For Sale

      Indoor shooting facility with display lobby, just off Highway 43.
      15 Harris Avenue, Saraland, AL 36571
      View Details
    • $304,900
      1,605 SF

      1,500 SF Commercial Property For Sale

      1,500 SF commercial property on 0.45 acres in Saraland.
      218 Shelton Beach Rd, Saraland, AL 36571
      View Details
    • $285,000
      3,365 SF

      3,365 SF Great Office/Retail/Warehouse Location in Bustling Saraland

      Versatile commercial property with office, retail, and warehouse space.
      304 Shelton Beach Rd, Saraland, AL 36571
      View Details
    • $259,900
      3,100 SF

      Saraland - 3100 Sq.Ft. Warehouse w/Office Space For Sale

      3100 SF metal building with warehouse, office, and shed.
      23 Station St, Saraland, AL 36571
      View Details

    FAQs

    What type of property is this?
    Strip mall - Stabilized three-tenant strip center in Saraland, Alabama for sale.
    Where is this strip mall located?
    The property is located at 1016 Industrial Pkwy Saraland, AL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Anchored by McAlister’s Deli with Drive‑Thru; Located on Main Retail Corridor; Across from Saraland High School and Walmart Supercenter
    (251) 490-6995 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colby Herrington, CCIM
    Colby Herrington, CCIM
    Real Estate License ID: AL 000100848-0
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1016 Industrial Pkwy, Saraland, AL 36571
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!