8671 Hwy 72, Cherokee, AL 35616
Office space with detached garage and high traffic visibility.
- Added:
- Apr 11, 2024
- Days on Market:
- 789
- Last Refresh:
- May 13 at 8:43 pm
Property Features for 8671 Hwy 72
General Information
- Standard status
- Active
- Size
- 1,232 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1996
Listing agent Gary Kelley
Listing office Sweetwater Realty Group (256) 335-7402
Listing date Apr 11, 2024
Source Xome
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 Sweetwater Realty Group
HighLights
- High traffic visibility on Hwy 72 W
- Great location in Cherokee
- Large detached garage
- Previously used as a Tax Preparation Office
- Guest Facilities: 3
- Lot Dimensions: 147.26 X 230.23
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.3k | $14.04 |
| − Vacancy | −$3.8k | −$3.09 |
| EGI | $13.5k | $10.95 |
| − OpEx | −$3.4k | −$2.74 |
| NOI | $10.1k | $8.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cherokee
- County
- Colbert
- State
- Alabama
- Longitude
- -87.9647016
- Latitude
- 34.752682
