Flex Building with Daycare
10719 Landmark Lane Coaling, AL 35453
10719 Landmark Lane, Coaling, AL, 35453
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For Sale
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Flex building currently operating as a daycare, with an in-place tenant willing to renew the lease.
Property Size4,160 SF
Price / SF$66.11
Days on Market33
Property Features for 10719 Landmark Lane
General Information
- Standard status
- Active
- Size
- 4,160 SF
- Property subtype
- Retail, Industrial, Special Purpose
Building Details
- Year Built
- 1977
Listing Agency
ACRE Real Estate Partners
(205) 969-8910
Listed by
Marc Scholl · License #AL 0000073755-0
Source
Crexi
Added: Jun 16 Checked: Jul 15 at 8:09 pm
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 ACRE Real Estate Partners
Investment Insights
Based on property information with market context.
This flex building totals 6,100+/- square feet and is currently configured and operating as a daycare facility. The property includes the improvements necessary for the day-to-day use as a childcare center, and the existing tenant is in place. The tenant has indicated willingness to renew the current lease.
The building is located on Highway 11 in Coaling, Alabama. It is within 10 miles of Mercedes in Vance, providing a practical geographic relationship for businesses and services serving the area.
For buyers or investors seeking a property with operational continuity, this daycare-used flex building offers an immediate tenant situation, with renewal interest already expressed by the current occupant. For owner-users, the existing improvements support continued use as a childcare facility, while the flex designation may also appeal to buyers looking for a property that can accommodate business uses beyond the current operation, subject to applicable requirements.
The building is located on Highway 11 in Coaling, Alabama. It is within 10 miles of Mercedes in Vance, providing a practical geographic relationship for businesses and services serving the area.
For buyers or investors seeking a property with operational continuity, this daycare-used flex building offers an immediate tenant situation, with renewal interest already expressed by the current occupant. For owner-users, the existing improvements support continued use as a childcare facility, while the flex designation may also appeal to buyers looking for a property that can accommodate business uses beyond the current operation, subject to applicable requirements.
Key Highlights
- 6100+/- SF flex building on Hwy 11 in Coaling
- Built in 1977
- Currently operating as a daycare facility
Local Financial Insights For Industrial
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 | $30.0k | $7.20 |
| − Vacancy | −$1.3k | −$0.32 |
| EGI | $28.6k | $6.88 |
| − OpEx | −$8.6k | −$2.06 |
| NOI | $20.0k | $4.81 |
4,160 SF · lease $7.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 11.71%
Second Best
Industrial
$286.0K
$250.3K – $333.7K
NOI $20,023 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$999.7K
$874.7K – $1.17M
NOI $69,978 @ 7.0% cap · market cap 25.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex building currently operating as a daycare, with an in-place tenant willing to renew the lease.
Where is this flex space located?
The property is located at 10719 Landmark Lane Coaling, AL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 6100+/- SF flex building on Hwy 11 in Coaling; Built in 1977; Currently operating as a daycare facility
