Restaurant with Kitchen
For Sale
$350,000
4608 Desoto Parkway N, Fort Payne, AL 35967
The former restaurant includes kitchen equipment, grills, and seating for a dining operation.
Property Size2,752 SF
Price / SF$127.18
Days on Market784
Property Features for 4608 Desoto Parkway N
General Information
Standard status
Active
Size
2,752 SF
Property subtype
COMMERCIAL
Building Details
Building Size
2,752 SF
Year Built
1990
Listing Agency:
Southern Properties Agency Inc
Listed By:
Pamela Hancock · License #112066
(256) 996-5112
Source:
Intownpartners
Added: Sep 6, 2024
Changed: Oct 27
Last Checked: Oct 27 at 4:13AM
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 Southern Properties Agency Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,752-square-foot restaurant property was built in 1990 and previously operated as a restaurant. Kitchen equipment, grills, and seating are included, providing a range of existing restaurant furnishings and equipment.
The property is on DeSoto Parkway in Fort Payne, near DeSoto State Park, Little River Canyon, JSU Canyon Center, and Mentone.
The property is on DeSoto Parkway in Fort Payne, near DeSoto State Park, Little River Canyon, JSU Canyon Center, and Mentone.
Key Highlights
- 2,752‑square‑foot restaurant property
- Built in 1990
- Kitchen equipment, grills, and seating included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,372
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,440
$607.4K
Cap Rate 7%
$433,886
$433.9K
Cap Rate 9%
$337,467
$337.5K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$43.9K $15.96/SF
− Vacancy
−$3.4K −$1.24/SF
EGI
$40.5K $14.72/SF
− OpEx
−$10.1K −$3.68/SF
NOI
$30.4K $11.04/SF
Area
DeKalb County, AL
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,440
Cap Rate 7%
$433,886
Cap Rate 9%
$337,467
Alternative Uses
Best Use
Specialty Retail
$433.9K
$379.7K – $506.2K
NOI $30,372 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$443.3K
$387.9K – $517.2K
NOI $31,034 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35967, AL
17,233
Population
7,825
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
127.0 sq mi
ZIP Area
136
Density / Sq Mi
$48,125
Median Household Income
$32,051
Median Earnings
$678
Median Rent
$155,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The former restaurant includes kitchen equipment, grills, and seating for a dining operation.
Where is this conventional restaurant located?
The property is located at 4608 Desoto Parkway N Fort Payne, AL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,752‑square‑foot restaurant property; Built in 1990; Kitchen equipment, grills, and seating included
