High-Traffic Retail Investment
For Sale
Contact for pricing
1052 Pelham Rd S, Jacksonville, AL 36265
2.80-acre parcel with two essential service providers.
Property Size9,648 SF
Lot Size2.80 Acres
Price / SF$171.02
Days on Market173
Property Features for 1052 Pelham Rd S
General Information
Standard status
Active
Size
9,648 SF
Lot size
2.80 Acres
Property subtype
Retail
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$138,924
Building Details
Year Built
1993
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
JTU Net Lease Group
Listed By:
Jordan Uttal · License #CA 01512755
Source:
Crexi
Added: Mar 3
Changed: Aug 13
Last Checked: Aug 22 at 11:05AM
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 JTU Net Lease Group
Investment Insights
Based on property information with market context.
This 2.80-acre parcel is occupied by Advance Auto Parts and the Maverix Gas Station & C-Store. Situated along a high-traffic corridor between Jacksonville State University and Anniston, the property benefits from visibility with traffic counts exceeding 25,000 vehicles per day. The investment is located within a high-growth trade area that generates nearly $190 million in annual retail sales and is 0.3 miles from a Walmart Supercenter. The property is supported by a young demographic profile from the nearby university and a stable industrial employment base including Parker Hannifin and Federal Mogul. This dual-tenant offering provides a diversified investment opportunity in Jacksonville’s retail hub. The property size is 9648 square feet.
Key Highlights
- High‑traffic location sees over 25,000 vehicles per day.
- Dual‑tenant property featuring Advance Auto Parts (NYSE: AAP) and Maverix Gas Station & C‑Store.
- Located in a high‑growth trade area generating nearly $190 million in annual retail sales.
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
$86,276
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
5.23%
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%
$1,725,520
$1.7M
Cap Rate 7%
$1,232,514
$1.2M
Cap Rate 9%
$958,622
$958.6K
Market Conditions
NOI Build-Up for 9,648 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
$125.0K $12.96/SF
− Vacancy
−$10.0K −$1.04/SF
EGI
$115.0K $11.92/SF
− OpEx
−$28.8K −$2.98/SF
NOI
$86.3K $8.94/SF
Area
Calhoun County, AL
Vacancy
8.00%
Lease Rate
$12.96 /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%
$1,725,520
Cap Rate 7%
$1,232,514
Cap Rate 9%
$958,622
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,276 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$989.9K
$866.2K – $1.15M
NOI $69,292 @ 7.0% cap · market cap 4.20%
Theoretical Best
Healthcare Medical
$1.48M
$1.30M – $1.73M
NOI $103,827 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 29%
Apparel 11%
Hotels & Casinos 4%
SONIC Drive In
Dining
13,172 visits/mo
0.1 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
9,418 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,974 visits/mo
0.5 miles
Hibbett Sports
Apparel
3,490 visits/mo
0.4 miles
Captain D's
Dining
3,447 visits/mo
0.2 miles
Demographics for 36265, AL
22,018
Population
9,582
Households
2.3
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
98.1 sq mi
ZIP Area
224
Density / Sq Mi
$51,574
Median Household Income
$23,697
Median Earnings
$794
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - 2.80-acre parcel with two essential service providers.
Where is this gas station located?
The property is located at 1052 Pelham Rd S Jacksonville, AL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑traffic location sees over 25,000 vehicles per day.; Dual‑tenant property featuring Advance Auto Parts (NYSE: AAP) and Maverix Gas Station & C‑Store.; Located in a high‑growth trade area generating nearly $190 million in annual retail sales.
