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    91 Cahaba Rd Greenville, AL 36037

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $8,250 /Mo ($29 SF/Yr)

    Prime Greenville restaurant, 3,313 sq ft.

    Lot size:
    3,313 SF

    Description

    Added:
    Mar 7, 2025
    Days on Market:
    321
    This exceptional 3,313-square-foot restaurant space is available for lease in Greenville, Alabama. Conveniently located just a short distance from Super Walmart and Interstate 65, this property offers unparalleled accessibility and high visibility. The space recently underwent a light remodel, ensuring a move-in ready condition for a new operator. All necessary restaurant equipment is in place, eliminating the need for significant upfront investment in kitchen infrastructure. The lease is a NNN (Net, Net, Net) structure, with a monthly rent of $8,250. The property's location near major retail and convenient highway access makes it an ideal opportunity for a variety of restaurant concepts. The building's size and existing equipment provide ample space and resources for a successful culinary venture. This turnkey solution allows for immediate operation, minimizing start-up time and maximizing potential returns. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is situated at 91 Cahaba Rd, Greenville, AL 36037. Further details are available upon request.

    Property Features for 91 Cahaba Rd

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    3,313 SF
    USF (Usable sq. ft)
    3,313 SF
    Elevators
    N/A
    Total Rate
    8250

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime Greenville, AL location near Super Walmart and I‑65.
    • Fully equipped 3,313 sq ft restaurant space ready for immediate occupancy.
    • NNN lease at $8,250 monthly; recently remodeled.
    Location Intelligence

    Current Use by Public Records

    Auto Fast Towing ... Towing Service Manor House Restaurant ... Restaurant

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    State
    Alabama
    Longitude
    -86.642658
    Latitude
    31.850801

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    Nearby Similar for Lease

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      Prime Greenville Restaurant Space

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      91 Cahaba Rd, Greenville, AL 36037
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      Butler Plaza Retail Center

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    FAQs

    What type of property is this?
    Other retail property - Prime Greenville restaurant, 3,313 sq ft.
    Where is this other retail property located?
    The property is located at 91 Cahaba Rd Greenville, AL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Prime Greenville, AL location near Super Walmart and I-65.; Fully equipped 3,313 sq ft restaurant space ready for immediate occupancy.; NNN lease at $8,250 monthly; recently remodeled.
    (251) 510-2277
    Request Owner's contact information
    91 Cahaba Rd Greenville, AL 36037
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    Greenville, AL 36037
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    91 Cahaba Rd Greenville, AL 36037
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    We can help!
    Listing Contact
    Paul Salter
    (251) 510-2277
    Learn more
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