1101 3rd Ave W Suite B Birmingham AL USA Birmingham, AL 35204
Established seafood restaurant business for sale with all equipment.
- Added:
- Mar 18, 2024
- Days on Market:
- 846
- Last Refresh:
- Jul 2 at 6:21 am
Property Features for 1101 3rd Ave W Suite B Birmingham AL USA
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Retail
Listing office Park Real Estate
Listing date Mar 18, 2024
Source Crexi
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 Park Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Well‑established seafood restaurant (16 years in business)
- On‑going business with all equipment included
- Seller will provide up to 3 months of training
Local Financial Insights For Specialty Retail
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 | $27.0k | $18.00 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $24.8k | $16.56 |
| − OpEx | −$6.2k | −$4.14 |
| NOI | $18.6k | $12.42 |
