Building Details

Floors in Building 1

Flooring type Concrete

Listing Agency: Elite Properties Of The South Show Phone

Listed By: Jonathan Berryhill · License #135145 Show Phone

Added: Jul 13 Changed: Oct 14 Last Checked: Oct 14 at 4:06PM

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MLS# 21923571

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Investment Insights

Based on property information with market context.

This commercial kitchen property includes a fully equipped kitchen, a primary building with reported renovations, and concrete flooring. The detached building expands the site’s functional layout and can accommodate office, retail, storage, or event use. The property is suited to restaurant, catering, brewery, bakery, or commissary kitchen operations, as supported by the existing improvements.

The 3.6-acre property contains approximately 3,900 square feet and is served by public water and a septic tank. Its restaurant license inspection is current through September 2027, providing a defined compliance date for continued restaurant-related operations.

Key Highlights

• Fully equipped commercial kitchen
• Approximately 3,900 square feet on 3.6 acres
• Detached building supports office, retail, storage, or event use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,045

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$560,900 $560.9K

Cap Rate 7%

$400,643 $400.6K

Cap Rate 9%

$311,611 $311.6K

Market Conditions

NOI Build-Up for 3,900 SF

Gross rent

$39.8K $10.20/SF

− Vacancy

−$2.4K −$0.61/SF

EGI

$37.4K $9.59/SF

− OpEx

−$9.3K −$2.40/SF

NOI

$28.0K $7.19/SF

Area

Colbert County, AL

Vacancy

6.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$560,900

Cap Rate 7%

$400,643

Cap Rate 9%

$311,611

Alternative Uses

Best Use

Specialty Retail

$400.6K

$350.6K – $467.4K (±1% cap)

NOI $28,045 @ 7.0% cap · market cap 6.25%

Second Best

Industrial

$221.8K

$194.1K – $258.8K (±1% cap)

NOI $15,528 @ 7.0% cap · market cap 3.46%

Theoretical Best

Office A

$622.8K

$544.9K – $726.6K (±1% cap)

NOI $43,595 @ 7.0% cap · market cap 9.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Commercial kitchens

Suggested Use

Top Pick Auto Repair Shop Bar & Pub

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

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 35646, AL

4,268

Population

2,181

Households

2

Avg Household Size

44

Median Age

8%

College-Educated

79%

High-School Grad

90.4 sq mi

ZIP Area

47

Density / Sq Mi

$58,407

Median Household Income

$43,231

Median Earnings

$475

Median Rent

$114,200

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 commercial kitchens located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Commercial kitchen - Flexible commercial facility with a detached building supporting office, retail, storage, or event uses.

Where is this commercial kitchen located?

The property is located at 1050 Highway 157 Leighton, AL.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Fully equipped commercial kitchen; Approximately 3,900 square feet on 3.6 acres; Detached building supports office, retail, storage, or event use