Building Details

Year built 2001

Listing Agency: NextHome Legacy Group Show Phone

Listed By: Legacy Lane Listings · License #PersonLicenseNumber Show Phone

Added: Aug 28 Last Checked: Aug 29 at 12:06PM

Report an Issue

MLS# 176114

Copyright © 2026 NextHome, Inc. 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.

This offering combines an established convenience store business with its underlying commercial real estate. The sale includes a 3,600-square-foot building, 2.96 acres of land, and the operating business. Built in 2001, the property provides a physical location for continued convenience-store operations or future redevelopment.

The site is positioned along US 43 in Eutaw, Alabama, with road frontage, customer access, and on-site parking. The offering includes the core real estate and business components together, providing a single-asset acquisition for an owner-operator or investor.

Key Highlights

• Established convenience store business included with the real estate
• 3,600‑square‑foot building on 2.96 acres
• Land, building, and business conveyed together

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

6.97%

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 6.97%

Second Best

Retail

$577.5K

$505.4K – $673.8K (±1% cap)

NOI $40,428 @ 7.0% cap · market cap 6.22%

Theoretical Best

Office A

$865.1K

$757.0K – $1.01M (±1% cap)

NOI $60,558 @ 7.0% cap · market cap 9.32%

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 ...

Similar For Sale Nearby

Freestanding Convenience Store

1040 US 43, Eutaw, AL 35462

$650,000

3,600 SF

View details

Eutaw Retail Space For Sale

24546 ALABAMA HWY 14, Eutaw, AL 35442

$249,900

3,680 SF

View details

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Established convenience store sale includes the land, building, business, parking, and customer access.

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 $650,000.

What are key features of this property?

This property features: Established convenience store business included with the real estate; 3,600‑square‑foot building on 2.96 acres; Land, building, and business conveyed together