111 Big Valley Drive, Alexandria, AL 36250
Remodeled strip mall featuring six units, including two doctor office-ready spaces and four currently rented units.
- Added:
- Jun 17, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 29 at 1:33 am
Property Features for 111 Big Valley Drive
General Information
- Standard status
- Active
- Size
- 7,320 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2009
Listing office KW Realty Group (256) 239-5183
Listing date Jun 17, 2026
Source Exitrealty
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 KW Realty Group
HighLights
- Remodeled strip mall built in 2009
- 6‑unit property in a strip mall with on‑site parking
- Includes 2 units set up for doctor offices
- 4 additional units currently rented
Overview
The property is located in Alexandria, with visibility from Highway 431 and foot traffic noted in the remarks. The existing layout supports a multi-tenant retail and medical mix, with each unit operating as a separate space within the same center.
For medical users and operators, the presence of doctor office-ready units can reduce buildout requirements for an incoming provider, depending on their specific use and tenant requirements. For buyers seeking an income-producing property, the current occupancy of four units provides an established tenant base at the time of sale, alongside the two doctor office-configured spaces. The combination of multiple units, parking, and a remodeled interior can make the center attractive for investors or owner-occupiers who want managed continuity across a small tenant roster.
Local Financial Insights For Healthcare Medical
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 | $146.7k | $20.04 |
| − Vacancy | −$15.4k | −$2.10 |
| EGI | $131.3k | $17.94 |
| − OpEx | −$52.5k | −$7.17 |
| NOI | $78.8k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Calhoun
- State
- Alabama
- Longitude
- -85.8988264
- Latitude
- 33.781836
