Building Details

Year built 2001

Number of units 1

Building materials Block

Architectural style Other

Listing Agency: NextHome Legacy Group Show Phone

Listed By: Kaysi Snyder · License #118502431,PersonLicenseNumber Show Phone

Added: Jun 30 Changed: Aug 4 Last Checked: Aug 23 at 6:06AM

Report an Issue

MLS# 176114

Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The offering combines an established convenience store business with its underlying real estate at 1040 US 43 in Eutaw, Alabama. The property includes a 3,600-square-foot block building completed in 2001, situated on 2.96 acres. The sale encompasses the land, building, and business, supporting continued convenience-store operations or consideration of other commercial uses.

The site benefits from frontage along US 43, customer access, on-site parking, and a location described as receiving steady traffic. Its existing business and customer base provide an operating foundation for an owner-operator or investor. The property is located in Greene County and carries the 35462 ZIP code.

Key Highlights

• Established convenience store business included with the land and building
• 3,600‑square‑foot block building completed in 2001
• 2.96‑acre commercial property at 1040 US 43, Eutaw, AL 35462

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$45,295

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.25%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$905,900 $905.9K

Cap Rate 7%

$647,071 $647.1K

Cap Rate 9%

$503,278 $503.3K

Market Conditions

NOI Build-Up for 3,600 SF 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.

Gross rent

$64.8K $18.00/SF

− Vacancy

−$4.4K −$1.22/SF

EGI

$60.4K $16.78/SF

− OpEx

−$15.1K −$4.19/SF

NOI

$45.3K $12.58/SF

Area

Greene County, AL

Vacancy

6.80%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$905,900

Cap Rate 7%

$647,071

Cap Rate 9%

$503,278

Alternative Uses

Best Use

Specialty Retail

$647.1K

$566.2K – $754.9K (±1% cap)

NOI $45,295 @ 7.0% cap · market cap 6.25%

Second Best

Retail

$577.5K

$505.4K – $673.8K (±1% cap)

NOI $40,428 @ 7.0% cap · market cap 5.58%

Theoretical Best

Office A

$865.1K

$757.0K – $1.01M (±1% cap)

NOI $60,558 @ 7.0% cap · market cap 8.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Furniture & Home Goods Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35462, AL

4,648

Population

2,270

Households

2

Avg Household Size

44

Median Age

16%

College-Educated

80%

High-School Grad

284.8 sq mi

ZIP Area

16

Density / Sq Mi

$32,114

Median Household Income

$26,273

Median Earnings

$96,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Sale includes the established convenience store business, building, and land along a well-traveled roadway.

Where is this grocery and convenience store located?

The property is located at 1040 US 43 Eutaw, AL.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Established convenience store business included with the land and building; 3,600‑square‑foot block building completed in 2001; 2.96‑acre commercial property at 1040 US 43, Eutaw, AL 35462