Converted Commercial Office/Retail
16320 Silverhill Ave Silverhill, AL 36576
For Sale
$525,000
Former residence converted to commercial use with multiple storage buildings and a pole barn on 1.4 acres.
Property Size2,574 SF
Lot Size1.40 Acres
Price / SF$203.96
Days on Market24
Property Features for 16320 Silverhill Ave
General Information
Standard status
Active
Size
2,574 SF
Lot size
1.40 Acres
Listing Agency:
Courtney & Morris Daphne
(251) 622-3590
Listed By:
Joseph Courtney · License #1439542
(251) 622-3590
Source:
Exprealty
Added: Jul 7
Changed: Jul 26
Last Checked: Jul 29 at 6:11PM
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 Courtney & Morris Daphne
Investment Insights
Based on property information with market context.
This for-sale property includes a 2,574 SF commercial building that was converted from a former residence to commercial use. The site also features three additional storage buildings and a pole barn, offering extra space for inventory, storage, or other site needs. Buyer to verify all information during due diligence.
The property is offered at 16320 Silverhill Ave in Silverhill, AL. The flexible interior and multiple outbuildings may support a range of commercial uses, including office or retail, subject to buyer verification.
On a 1.4-acre site, the improvements provide a primary commercial building plus supplementary storage structures, creating a practical configuration for businesses that require both workspace and on-site storage.
The property is offered at 16320 Silverhill Ave in Silverhill, AL. The flexible interior and multiple outbuildings may support a range of commercial uses, including office or retail, subject to buyer verification.
On a 1.4-acre site, the improvements provide a primary commercial building plus supplementary storage structures, creating a practical configuration for businesses that require both workspace and on-site storage.
Key Highlights
- 2,574 SF commercial property converted from a former residence for office, retail, or other commercial uses
- Set on 1.4 acres with three additional storage buildings and a pole barn
- Includes multiple outbuildings suitable for storage or support space
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 | $49.4k | $19.20 |
| − Vacancy | −$9.4k | −$3.65 |
| EGI | $40.0k | $15.55 |
| − OpEx | −$10.0k | −$3.89 |
| NOI | $30.0k | $11.66 |
2,574 SF · lease $19.20/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$428.9K
$375.3K – $500.4K
NOI $30,023 @ 7.0% cap · market cap 5.72%
Second Best
Retail
$395.7K
$346.2K – $461.6K
NOI $27,697 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$619.0K
$541.6K – $722.2K
NOI $43,330 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Former residence converted to commercial use with multiple storage buildings and a pole barn on 1.4 acres.
Where is this office units located?
The property is located at 16320 Silverhill Ave Silverhill, AL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,574 SF commercial property converted from a former residence for office, retail, or other commercial uses; Set on 1.4 acres with three additional storage buildings and a pole barn; Includes multiple outbuildings suitable for storage or support space
