Mixed-Use Office and Retail
For Sale
Contact for pricing
16320 Silver Hill Ave, Silverhill, AL 36576
Former residence converted to commercial space with three storage buildings and a pole barn on 1.4 acres.
Property Size2,574 SF
Price / SF$203.96
Days on Market113
Property Features for 16320 Silver Hill Ave
General Information
Standard status
Active
Size
2,574 SF
Property subtype
RETAIL
Listing Agency:
Courtney & Morris Real Estate, Inc.
(251) 622-3590
Listed By:
Manning Courtney
(251) 622-3590
Source:
Moodyscre
Added: Apr 14
Changed: Jul 27
Last Checked: Jul 27 at 9:43AM
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 Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2,574 SF commercial property was formerly a residence and has been converted for commercial use. The offering includes three additional storage buildings and a pole barn, all situated on 1.4 acres, providing on-site space that may support a range of office or retail layouts.
The property is listed for sale and is located at 16320 Silver Hill Ave in Silverhill, Alabama.
The main structure provides the primary indoor commercial area, with the separate storage buildings and pole barn offering additional utility for storage and operational needs.
The property is listed for sale and is located at 16320 Silver Hill Ave in Silverhill, Alabama.
The main structure provides the primary indoor commercial area, with the separate storage buildings and pole barn offering additional utility for storage and operational needs.
Key Highlights
- 2,574 SF commercial property on 1.4 acres, converted from a former residence
- Includes three additional storage buildings
- Also includes a pole barn
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
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 36576, AL
5,228
Population
2,183
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
19.5 sq mi
ZIP Area
268
Density / Sq Mi
$78,227
Median Household Income
$43,992
Median Earnings
$985
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Former residence converted to commercial space with three storage buildings and a pole barn on 1.4 acres.
Where is this office building located?
The property is located at 16320 Silver Hill 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 on 1.4 acres, converted from a former residence; Includes three additional storage buildings; Also includes a pole barn
