Jacksonville Investment
1408 Pelham S Road Jacksonville, AL 36265
1408 Pelham S Road, Jacksonville, AL, 36265
$299,000
For Sale
$299,000
Three-unit building with retail space and potential.
Property Size1,800 SF
Price / SF$166.11
Days on Market283
Property Features for 1408 Pelham S Road
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1987
Listing Agency
AP Real Estate, LLC
(256) 310-8354
Listed by
Duffy Wagoner
(256) 310-8354
Source
Exitrealty
Added: Oct 8, 2025 Checked: Jul 16 at 7:54 am
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 AP Real Estate, LLC
Investment Insights
Based on property information with market context.
Located on Pelham Road South in Jacksonville, this property presents an investment opportunity. The three-unit building features 100 feet of visibility on Highway 21 (Pelham Road). It includes 1,800 square feet of finished retail space, along with an additional 1,800 square feet of unfinished basement space. Each rental space is equipped with a private bathroom and kitchenette, and the basement area includes a half bath. Constructed in 1987, this one-owner property has a new roof and a new HVAC system installed at Unit B, both in early 2025. The interiors of Unit A and Unit C have been updated in recent years, while Unit B has not been updated. Units A and C are currently occupied by long-term tenants who wish to remain after the property is sold.
Key Highlights
- Prime, high‑traffic visibility on Highway 21 (Pelham Road).
- Investment opportunity with 3 units.
- 1,800 Sq. Ft. of finished retail space.
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 | $20.5k | $11.40 |
| − Vacancy | −$2.1k | −$1.14 |
| EGI | $18.5k | $10.26 |
| − OpEx | −$5.5k | −$3.08 |
| NOI | $12.9k | $7.18 |
1,800 SF · lease $11.40/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$184.7K
$161.6K – $215.5K
NOI $12,928 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Suburban Urbanwear
Clothing Store
Exotic Tattoos & Piercing
Tattoo & Piercing Shop
Pure Beauty
Hair Salon
Exotic Cuts and Beauty
Hair Salon
Trapper Apparel
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three-unit building with retail space and potential.
Where is this retail space located?
The property is located at 1408 Pelham S Road Jacksonville, AL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime, high‑traffic visibility on Highway 21 (Pelham Road).; Investment opportunity with 3 units.; 1,800 Sq. Ft. of finished retail space.
