Storefront Retail
10599 Highway 119 Alabaster, AL 35007
10599 Highway 119, Alabaster, AL, 35007
$308,000
For Sale
$308,000
Storefront on Highway 119 with parking and easy access, with a commercial zoning change planned for new ownership.
Property Size1,199 SF
Price / SF$256.88
Days on Market529
Property Features for 10599 Highway 119
General Information
- Standard status
- Active
- Size
- 1,199 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1940
Listing agency
Keller Williams Metro South
(205) 240-8066
Listed by
Phyllis Bolena · License #108934
(205) 240-8066
Source
Exitrealty
Added: Feb 7, 2025 Updated: Jul 20 at 6:21PM Checked: Jul 21 at 4:29AM
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 Keller Williams Metro South
Investment Insights
Based on property information with market context.
This storefront retail space offers a convenient setup for a range of commercial uses. The property is listed for sale at 10599 Highway 119 in Alabaster, AL, with approximately 1,199 square feet of size provided in the listing information.
The seller’s remarks indicate that upon new ownership, the property will be zoned commercial and can no longer be used as residential. Additional highlights noted include high traffic volume, visibility, easy access, and on-site parking.
The location is described as being two blocks from the New Alabaster City Hall, supporting accessibility for everyday customers and visitors. The listing also notes compatibility with a broad mix of business types including tea house, bakery, studio, barber shop, professional office, law firm, title company, CPA/accounting office, medical, dental, mixed uses, photography shop, non-profit, franchise, and retail.
The seller’s remarks indicate that upon new ownership, the property will be zoned commercial and can no longer be used as residential. Additional highlights noted include high traffic volume, visibility, easy access, and on-site parking.
The location is described as being two blocks from the New Alabaster City Hall, supporting accessibility for everyday customers and visitors. The listing also notes compatibility with a broad mix of business types including tea house, bakery, studio, barber shop, professional office, law firm, title company, CPA/accounting office, medical, dental, mixed uses, photography shop, non-profit, franchise, and retail.
Key Highlights
- 1940‑built storefront on Highway 119 in Alabaster
- Commercial zoning change planned for new ownership; property can no longer be used as residential
- High‑traffic location with great visibility and easy access
Local Financial Insights For Office B
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 | $21.6k | $18.00 |
| − Vacancy | −$4.7k | −$3.96 |
| EGI | $16.8k | $14.04 |
| − OpEx | −$4.2k | −$3.51 |
| NOI | $12.6k | $10.53 |
1,199 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$180.4K
$157.8K – $210.4K
NOI $12,625 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$161.3K
$141.2K – $188.2K
NOI $11,293 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$281.4K
$246.3K – $328.3K
NOI $19,700 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Storefront on Highway 119 with parking and easy access, with a commercial zoning change planned for new ownership.
Where is this office units located?
The property is located at 10599 Highway 119 Alabaster, AL.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 1940‑built storefront on Highway 119 in Alabaster; Commercial zoning change planned for new ownership; property can no longer be used as residential; High‑traffic location with great visibility and easy access
