Historic Mixed-Use
For Sale
$650,000
110 East Bridge Street, Wetumpka, AL 36092
Restored downtown property with office space, historic details, and elevator-ready infrastructure.
Property Size3,092 SF
Days on Market193
Property Features for 110 East Bridge Street
General Information
Standard status
Active
Size
3,092 SF
Class
B
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Amenities
original copper ceilings
granite accents
large storefront windows
updated HVAC
updated electrical
updated plumbing
original bank vault in the basement
historic stairs salvaged from Hotel Tallassee
Building Details
Building Size
3,092 SF
Year Built
1896
Buildings
1
Properties For Sale
at 110 East Bridge Street Contact us- Size
- 1,364 SF
- Lease Type
- Modified Net
3rd Floor Office Space
Listing Agency:
Moore Company Realty, Inc
(334) 262-1958
Listed By:
Gene Cody, CCIM
(334) 262-1958
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 1:46PM
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 Moore Company Realty, Inc
Investment Insights
Based on property information with market context.
Built in 1896 and restored for contemporary commercial use, this downtown Wetumpka property combines historic character with flexible mixed-use functionality. Interior features include original copper ceilings, granite accents, a basement bank vault, and salvaged historic stairs. The third-floor office includes a private restroom and bar area, while new windows have been installed upstairs. Elevator-ready infrastructure, updated HVAC, electrical, and plumbing systems, ADA-compliant access, storefront windows, and dedicated parking add practical utility.
The building is located at 110 East Bridge Street in the heart of downtown Wetumpka, near The Copper House Deli, The Coosa Cleaver, Coach’s Corner, and Frios Gourmet Pops. Gold Star Park and Coosa River views are approximately 0.2 miles away, with Montgomery approximately 9.5 miles away and I-85 approximately 14 miles away. The property also offers an open floor plan, natural light, and display-oriented storefront frontage.
The building is located at 110 East Bridge Street in the heart of downtown Wetumpka, near The Copper House Deli, The Coosa Cleaver, Coach’s Corner, and Frios Gourmet Pops. Gold Star Park and Coosa River views are approximately 0.2 miles away, with Montgomery approximately 9.5 miles away and I-85 approximately 14 miles away. The property also offers an open floor plan, natural light, and display-oriented storefront frontage.
Key Highlights
- 1896 historic building with restored interior character
- Original copper ceilings, granite accents, basement bank vault, and salvaged historic stairs
- Third‑floor office with private restroom and bar area
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
$36,777
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
5.66%
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%
$735,540
$735.5K
Cap Rate 7%
$525,386
$525.4K
Cap Rate 9%
$408,633
$408.6K
Market Conditions
NOI Build-Up for 3,092 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
$51.9K $16.80/SF
− Vacancy
−$2.9K −$0.94/SF
EGI
$49.0K $15.86/SF
− OpEx
−$12.3K −$3.96/SF
NOI
$36.8K $11.89/SF
Area
Elmore County, AL
Vacancy
5.60%
Lease Rate
$16.80 /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%
$735,540
Cap Rate 7%
$525,386
Cap Rate 9%
$408,633
Alternative Uses
Best Use
Specialty Retail
$525.4K
$459.7K – $613.0K
NOI $36,777 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$490.4K
$429.1K – $572.1K
NOI $34,326 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$641.2K
$561.0K – $748.0K
NOI $44,881 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 36092, AL
21,517
Population
9,272
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
138.1 sq mi
ZIP Area
156
Density / Sq Mi
$75,540
Median Household Income
$41,114
Median Earnings
$1,024
Median Rent
$189,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restored downtown property with office space, historic details, and elevator-ready infrastructure.
Where is this mixed-use property located?
The property is located at 110 East Bridge Street Wetumpka, 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: 1896 historic building with restored interior character; Original copper ceilings, granite accents, basement bank vault, and salvaged historic stairs; Third‑floor office with private restroom and bar area
