Building Details

Year Built 2014

Buildings 1

Stories 2

Units 1

Listing Agency: RE/MAX Patriot Realty

Listed By: David King · License #AL 142065 Show Phone

Source: Crexi

Added: May 13, 2025 Changed: Aug 16 Last Checked: Sep 4 at 4:29AM

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Investment Insights

Based on property information with market context.

Kat Daddy's BBQ is a family-owned restaurant located in Bremen, Alabama, conveniently situated on County Road 222, on the way to Smith Lake and Trident Marina. The property is a suitable stop for those heading out for a day on the water. The building is also offered for sale without restaurant equipment or fixtures. The property size is 3,081 square feet.

Key Highlights

• Located on County Road 222, a convenient route to Smith Lake and Trident Marina.
• Building built in 2014.
• Previously operated as a family‑owned restaurant.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$22,155

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.70%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$443,100 $443.1K

Cap Rate 7%

$316,500 $316.5K

Cap Rate 9%

$246,167 $246.2K

Market Conditions

NOI Build-Up for 3,081 SF 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.

Gross rent

$31.4K $10.20/SF

− Vacancy

−$1.9K −$0.61/SF

EGI

$29.5K $9.59/SF

− OpEx

−$7.4K −$2.40/SF

NOI

$22.2K $7.19/SF

Area

Cullman County, AL

Vacancy

6.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$443,100

Cap Rate 7%

$316,500

Cap Rate 9%

$246,167

Alternative Uses

Best Use

Specialty Retail

$316.5K

$276.9K – $369.3K (±1% cap)

NOI $22,155 @ 7.0% cap · market cap 3.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$454.2K

$397.5K – $529.9K (±1% cap)

NOI $31,796 @ 7.0% cap · market cap 5.31%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Storage Facility Daycare Center Law Firm Restaurant Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35033, AL

3,692

Population

1,694

Households

2.2

Avg Household Size

46

Median Age

15%

College-Educated

83%

High-School Grad

74.4 sq mi

ZIP Area

50

Density / Sq Mi

$51,071

Median Household Income

$34,808

Median Earnings

$1,097

Median Rent

$172,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Family-owned restaurant on County Road 222, near Smith Lake.

Where is this conventional restaurant located?

The property is located at 25244 County Rd 222 Bremen, AL.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Located on County Road 222, a convenient route to Smith Lake and Trident Marina.; Building built in 2014.; Previously operated as a family‑owned restaurant.