Corner-Lot Gas Station
For Sale
$75,000
1501 19th Street Ensley, Birmingham, AL 35218
Existing improvements previously accommodated fueling, food service, and tire-service operations.
Property Size1,102 SF
Price / SF$68.06
Days on Market41
Property Features for 1501 19th Street Ensley
General Information
Standard status
Active
Size
1,102 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1934
Listing Agency:
Keller Williams Metro North
(205) 515-7514
Listed By:
Lelia Snelson · License #115843
Source:
Birminghamrealestategroup
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 4:07AM
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 North
Investment Insights
Based on property information with market context.
This gas station property dates to 1934 and occupies a corner lot at 1501 19th Street Ensley in Birmingham, Alabama. The existing improvements previously supported three commercial functions: a gas station, grill, and tire shop.
The property offers a foundation for a future use aligned with the gas station classification, subject to the buyer’s plans and applicable approvals. Its corner positioning provides two-sided street exposure, while the established Birmingham address places the site within an existing urban setting.
The property offers a foundation for a future use aligned with the gas station classification, subject to the buyer’s plans and applicable approvals. Its corner positioning provides two-sided street exposure, while the established Birmingham address places the site within an existing urban setting.
Key Highlights
- Corner‑lot position at 1501 19th Street Ensley, Birmingham, AL 35218
- Built in 1934
- Previously operated as a gas station, grill, and tire shop
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
$5,065
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
6.75%
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%
$101,300
$101.3K
Cap Rate 7%
$72,357
$72.4K
Cap Rate 9%
$56,278
$56.3K
Market Conditions
NOI Build-Up for 1,102 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
$7.9K $7.20/SF
− Vacancy
−$698 −$0.63/SF
EGI
$7.2K $6.57/SF
− OpEx
−$2.2K −$1.97/SF
NOI
$5.1K $4.60/SF
Area
Birmingham, AL
Vacancy
8.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
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%
$101,300
Cap Rate 7%
$72,357
Cap Rate 9%
$56,278
Alternative Uses
Best Use
Specialty Retail
$195.5K
$171.1K – $228.1K
NOI $13,687 @ 7.0% cap · market cap 18.25%
Second Best
Retail
$153.9K
$134.6K – $179.5K
NOI $10,770 @ 7.0% cap · market cap 14.36%
Theoretical Best
Office A
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
10,184 visits/mo
0.4 miles
Dollar General
Shops & Services
8,029 visits/mo
0.3 miles
Regions Bank
Shops & Services
1,140 visits/mo
0.5 miles
Demographics for 35218, AL
6,521
Population
3,274
Households
2
Avg Household Size
42
Median Age
9%
College-Educated
82%
High-School Grad
2.6 sq mi
ZIP Area
2,508
Density / Sq Mi
$30,966
Median Household Income
$22,331
Median Earnings
$897
Median Rent
$79,500
Median Home Value
Market
Vacancy Rate% for Retail in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Existing improvements previously accommodated fueling, food service, and tire-service operations.
Where is this gas station located?
The property is located at 1501 19th Street Ensley Birmingham, AL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Corner‑lot position at 1501 19th Street Ensley, Birmingham, AL 35218; Built in 1934; Previously operated as a gas station, grill, and tire shop
