Neighborhood Business Building with
521 S Main St Arab, AL 35016
521 S Main St, Arab, AL, 35016
Contact for pricing
For Sale
Contact for pricing
Zoned neighborhood business building with finished upper units and a lower level set up for pet grooming and boarding.
Property Size5,090 SF
Price / SF$73.67
Days on Market694
Property Features for 521 S Main St
General Information
- Standard status
- Active
- Size
- 5,090 SF
- Property subtype
- Retail, Business for Sale
Building Details
- Year Built
- 1998
Listing agency
Re/Max Heritage
(256) 586-4410
Listed by
Brenda King · License #97861
Source
Crexi
Added: Aug 27, 2024 Updated: Jul 21 at 12:45PM Checked: Jul 21 at 12:45PM
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 Re/Max Heritage
Investment Insights
Based on property information with market context.
This neighborhood business property includes a finished upper level with four separate addresses, each featuring a restroom, kitchen, and rooms with closets. The lower level was built out for pet grooming and boarding, with kennels, a wash station, and a reception area.
Outside, there is a yard area north of the building with a privacy fence, along with an additional fenced area to the east of the building.
The property is offered for sale as-is.
Outside, there is a yard area north of the building with a privacy fence, along with an additional fenced area to the east of the building.
The property is offered for sale as-is.
Key Highlights
- Neighborhood business zoning with finished upper level set up across 4 different addresses
- Upper level includes restroom, kitchen, and rooms with closets for each address
- Lower level was set up for a pet grooming and boarding business with kennels and a wash station
Local Financial Insights For 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 | $50.7k | $9.96 |
| − Vacancy | −$4.3k | −$0.85 |
| EGI | $46.4k | $9.11 |
| − OpEx | −$13.9k | −$2.73 |
| NOI | $32.5k | $6.38 |
5,090 SF · lease $9.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$819.7K
$717.2K – $956.3K
NOI $57,377 @ 7.0% cap · market cap 15.30%
Second Best
Retail
$463.9K
$405.9K – $541.2K
NOI $32,471 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M
NOI $76,902 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Zoned neighborhood business building with finished upper units and a lower level set up for pet grooming and boarding.
Where is this retail space located?
The property is located at 521 S Main St Arab, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Neighborhood business zoning with finished upper level set up across 4 different addresses; Upper level includes restroom, kitchen, and rooms with closets for each address; Lower level was set up for a pet grooming and boarding business with kennels and a wash station
