Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400-432 N Craft Hwy Chickasaw, AL 36611

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,200/Mo $0.20 SF/Yr (calc)

    Retail space with high visibility and access on Highway 43.

    Property size:
    73,301 SF
    Added:
    Jan 27, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 5 at 11:44 pm

    Property Features for 400-432 N Craft Hwy

    General Information

    Standard status
    Active
    Size
    73,301 SF

    Spaces For Lease

    at 400-432 N Craft Hwy Contact us

    We can help!

    Listing Contact
    Louise Jennings-McCullar

    Listing agent Louise Jennings-McCullar License #AL #030350

    Listing office

    Listing date Jan 27, 2026

    Source Realestatesoutheast

    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 Louise Jennings-McCullar

    Overview

    Retail Space on Highway 43

    This retail property is located on Highway 43, benefiting from a traffic light at its main entrance. The location offers high visibility and convenient access along the main business corridor. The property is anchored by Dollar Tree, Roses Express, Citi Trends, and Rent-A-Center.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Village Square Shopping Center — Chickasaw, AL 36611
    • Chickasaw City Shop — 114 N Craft Hwy, Chickasaw, AL 36611
    • Golden Gatez Ministry — 332 S Craft Hwy, Chickasaw, AL 36611

    Location Insight

    • Map
    • Local Demand
    City
    Chickasaw
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0763
    Latitude
    30.7568

    Nearby Similar for Lease

    • $8 SF/Yr

      57,000 SF Suite Dockside Warehouse For Lease - Chickasaw Marine Terminal

      57,000 SF warehouse with direct barge access in Chickasaw.
      750 Viaduct Rd W, Chickasaw, AL 36611
      View Details
    • $8 SF/Yr

      50,000 SF Suite Cinder Block Warehouse For Lease - Chickasaw Marine Terminal

      50,000 SF warehouse with barge access in Chickasaw, Alabama.
      750 Viaduct Rd W, Chickasaw, AL 36611
      View Details
    • $12 SF/Yr

      50,000 SF Suite Fabrication Warehouse For Lease - Chickasaw Marine Terminal

      50,000 SF fabrication warehouse with barge access and cranes.
      750 Viaduct Rd W, Chickasaw, AL 36611
      View Details
    • $5 SF/Yr

      77,000 SF Industrial Warehouse Building For Lease

      77,000 SF industrial warehouse with access to transportation.
      1511 Telegraph Rd, Chickasaw, AL 36611
      View Details
    • Contact for pricing

      Chickasaw Industrial Facility with Warehouse

      103,000 SF warehouse space near Port of Mobile.
      150 Viaduct Road, Chickasaw, AL
      View Details
    • $5 SF/Yr

      87,482 SF Industrial Site With Water Access For Lease (Suite 1)

      87,482 SF industrial space with water access for lease.
      750 D Viaduct Road, Chickasaw, AL 36611
      View Details
    • Contact for pricing

      Freestanding Retail Building in Chickasaw

      Freestanding 1,836 SF retail building on 0.44 acres.
      300 S Craft Hwy, Chickasaw, AL 36611
      View Details
    • $5 SF/Yr

      Renovated Industrial Building Near Ports

      Newly renovated industrial building with easy access to major transportation.
      1511 Telegraph Rd, Chickasaw, AL
      View Details
    • Contact for pricing

      Industrial Building with Water Access

      87,842 SF industrial space near Port of Chickasaw.
      750 Viaduct Rd, Chickasaw, AL 36611
      View Details
    • $5 SF/Yr

      Industrial Building with Water Access

      87,842 SF industrial building near Port of Chickasaw.
      750 D Viaduct Road, Chickasaw, AL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility and access on Highway 43.
    Where is this shopping center located?
    The property is located at 400-432 N Craft Hwy Chickasaw, AL.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Highly visible location on Hwy 43.; Anchored by Dollar Tree, Roses Express, Citi Trends, Rent‑A‑Center.; Traffic light at main entrance.
    (404) 606-3285
    We can help!
    Listing Contact
    Louise Jennings-McCullar
    Real Estate License ID: AL #030350
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!