Building Details

Year Built 1977

Year Renovated 2015

Buildings 1

Units 1

Tenancy Single

Listing Agency: ACRE Real Estate Partners

Listed By: Marc Scholl · License #AL 0000073755-0 Show Phone

Source: Crexi

Added: Jun 16 Changed: Oct 2 Last Checked: Oct 16 at 7:19AM

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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.

Key Highlights

• 6100+/- SF flex building on Hwy 11 in Coaling
• Built in 1977
• Currently operating as a daycare facility

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,023

Cap Rate

8.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$400,460 $400.5K

Cap Rate 7%

$286,043 $286.0K

Cap Rate 9%

$222,478 $222.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,160 SF

Gross rent

$30.0K $7.20/SF

− Vacancy

−$1.3K −$0.32/SF

EGI

$28.6K $6.88/SF

− OpEx

−$8.6K −$2.06/SF

NOI

$20.0K $4.81/SF

Area

Tuscaloosa County, AL

Vacancy

4.50%

Lease Rate

$7.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$400,460

Cap Rate 7%

$286,043

Cap Rate 9%

$222,478

Alternative Uses

Best Use

Flex RnD

$460.0K

$402.5K – $536.6K (±1% cap)

NOI $32,197 @ 7.0% cap · market cap 12.88%

Second Best

Industrial

$286.0K

$250.3K – $333.7K (±1% cap)

NOI $20,023 @ 7.0% cap · market cap 8.01%

Theoretical Best

Office A

$999.7K

$874.7K – $1.17M (±1% cap)

NOI $69,978 @ 7.0% cap · market cap 28.00%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Restaurant

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35453, AL

12,682

Population

5,215

Households

2.4

Avg Household Size

38

Median Age

16%

College-Educated

89%

High-School Grad

90.4 sq mi

ZIP Area

140

Density / Sq Mi

$70,162

Median Household Income

$39,306

Median Earnings

$969

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

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 $249,900.

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