Mixed-Use Property with Rental Units

12025 HIGHWAY 67 S, Joppa, AL 35087

For Sale

New

$425,000

Commercial Sale, JOPPA, AL

Property Size4,650 SF

Lot Size1.30 Acres

Price / SF$91.40

Days on Market3

Property Features for 12025 HIGHWAY 67 S

General Information

Property type Commercial Sale

Property subtype Other

Bathrooms 5

Full bathrooms 5

Rooms Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 1

Parking 10

Parking features Parking Lot

Basement Crawl Space

Directions FROM ARAB: HIGHWAY 69 TO 4 WAY STOP TURN NORTH ON HWY 67 GO APPROX. 3.4 MILES PROPERTY ON LEFT.

Standard status Active

APN 21 07 25 0 000 037.001

Size 4,650 SF

Lot size 1.30 Acres

Additional Details

Tenant in Place Yes

Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Description COM AT SW COR OF SEC 25, T8S, R1W, TH N 1900'S, TH CONT N 315.16' TO TPOB, TH CONT N 21 4'TH NE 214.68' 240'S TO SW R/W OF HWY 67, TH SE ALG HWY 178.82', TH SW 306.82' TO P OB ** MARTIN, CHARLOTTE A. 1/2 INT.

Legal Description COM AT SW COR OF SEC 25, T8S, R1W, TH N 1900'S, TH CONT N 315.16' TO TPOB, TH CONT N 21 4'TH NE 214.68' 240'S TO SW R/W OF HWY 67, TH SE ALG HWY 178.82', TH SW 306.82' TO P OB ** MARTIN, CHARLOTTE A. 1/2 INT.

Utilities

Heating system Electric (Heating), Forced Air, Central

Cooling system Window Unit(s), Central Air

Water source Public

Building Details

Floors in Building 2

Flooring type Wood

Building materials Frame, Vinyl Siding, Metal Siding, Wood

Roof type Metal

Buildings 5

Listing Agency: Premiere Realty Group LLC

Listed By: Joan Harper · License #67137

Added: Nov 4 Last Checked: Nov 6 at 10:06PM

MLS# 21933342

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Investment Insights

Based on property information with market context.

A two-story shop anchors this mixed-use property, with 2,650 square feet on the lower level and 2,015 square feet upstairs; the upper floor is heated and cooled. The current commercial use is a flower shop. Residential improvements include a duplex with two two-bedroom, one-bath units, a 14-by-30-foot mini house with two bedrooms and one bath, and a two-bedroom, one-bath mobile home. All are presently rented.

A separate 24-by-24-foot building has a roll-up door, concrete floor, and 200-amp breaker box. The property encompasses 1.3 acres and is located on Highway 67 South in Joppa, Alabama.

Key Highlights

1.3‑acre mixed‑use property with commercial and residential improvements
Two‑story shop: 2,650 square feet downstairs and 2,015 square feet upstairs
Upper shop level has heating and cooling; current commercial use is a flower shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,396

Cap Rate

7.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,920 $667.9K

Cap Rate 7%

$477,086 $477.1K

Cap Rate 9%

$371,067 $371.1K

Market Conditions

NOI Build-Up for 4,650 SF

Gross rent

$53.0K $11.40/SF

− Vacancy

−$5.3K −$1.14/SF

EGI

$47.7K $10.26/SF

− OpEx

−$14.3K −$3.08/SF

NOI

$33.4K $7.18/SF

Area

Cullman County, AL

Vacancy

10.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,920

Cap Rate 7%

$477,086

Cap Rate 9%

$371,067

Alternative Uses

Best Use

Retail

$477.1K

$417.5K – $556.6K (±1% cap)

NOI $33,396 @ 7.0% cap · market cap 7.86%

Second Best

Multifamily LT 5

$391.3K

$342.4K – $456.5K (±1% cap)

NOI $27,391 @ 7.0% cap · market cap 6.44%

Theoretical Best

Office A

$685.5K

$599.9K – $799.8K (±1% cap)

NOI $47,988 @ 7.0% cap · market cap 11.29%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Storage Facility Bakery Nail Salon Florist Daycare Center

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

Businesses Nearby

Explore this area Business Placement

Demographics for 35087, AL

2,294

Population

969

Households

2.4

Avg Household Size

Median Age

23%

College-Educated

86%

High-School Grad

22.8 sq mi

ZIP Area

101

Density / Sq Mi

$49,879

Median Household Income

$41,034

Median Earnings

$895

Median Rent

$167,400

Median Home Value

Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more

View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

For sale
Mixed-use properties
AL
Joppa
35087
12025 HIGHWAY 67 S

What type of property is this?

Mixed-use property - The property combines a two-story commercial space with several residential units, all currently rented.

Where is this mixed-use property located?

The property is located at 12025 HIGHWAY 67 S Joppa, AL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1.3‑acre mixed‑use property with commercial and residential improvements; Two‑story shop: 2,650 square feet downstairs and 2,015 square feet upstairs; Upper shop level has heating and cooling; current commercial use is a flower shop