Three-Unit Storefront
For Sale
$325,000
1816 Co Rd 1354, Vinemont, AL 35179
Commercial Sale, Vinemont, AL
Property Size3,720 SF
Lot Size1.70 Acres
Price / SF$87.37
Days on Market96
Property Features for 1816 Co Rd 1354
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Elementary school
Vinemont
Middle school
Vinemont Middle
High school
Vinemont
Directions
Hwy 31 N, Go past skating center on L in Vinemont, T Right on to Co Rd 1343, cross railroad tracks, go to stop sign, brick building across road.
Subdivision
Cullman
Standard status
Active
APN
09-05-16-0-000-020.000
Size
3,720 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Description
COM TH E ROW OF DRAKE RD & S LN OF SE 1/4 OF NE 1/4 TH N 10 0 AL SD ROW TH E 265 TH SELY 130 TO S LN OF SD SE1/4 TH W
Tax Annual Amount
1914
Legal Description
COM TH E ROW OF DRAKE RD & S LN OF SE 1/4 OF NE 1/4 TH N 10 0 AL SD ROW TH E 265 TH SELY 130 TO S LN OF SD SE1/4 TH W
Utilities
Sewer type
Septic Tank
Building Details
Year built
2007
Listing Agency:
BJC Real Estate
(256) 739-5478
Listed By:
Carole S King · License #048328
(256) 287-9140
Added: Jun 8
Changed: Sep 6
Last Checked: Sep 11 at 2:06PM
MLS# 529343
Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,720-square-foot storefront property was built in 2007 and is arranged as three distinct units. The center suite is occupied by a beauty shop, while the right-hand suite is used by a sewing shop. Three bathrooms are included, and the existing layout provides a foundation for continued commercial occupancy or reconfiguration.
The property encompasses 1.7 acres at 1816 Co Rd 1354 in Vinemont, Alabama. Septic service supports the building. Original plans are available, and the structure has been identified for potential conversion to apartment space or a single-family dwelling.
The property encompasses 1.7 acres at 1816 Co Rd 1354 in Vinemont, Alabama. Septic service supports the building. Original plans are available, and the structure has been identified for potential conversion to apartment space or a single-family dwelling.
Key Highlights
- 3,720‑square‑foot storefront building on 1.7 acres
- Three separate units within the building
- Center unit occupied by a beauty 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
$26,717
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
8.22%
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%
$534,340
$534.3K
Cap Rate 7%
$381,671
$381.7K
Cap Rate 9%
$296,856
$296.9K
Market Conditions
NOI Build-Up for 3,720 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
$42.4K $11.40/SF
− Vacancy
−$4.2K −$1.14/SF
EGI
$38.2K $10.26/SF
− OpEx
−$11.5K −$3.08/SF
NOI
$26.7K $7.18/SF
Area
Cullman County, AL
Vacancy
10.00%
Lease Rate
$11.40 /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%
$534,340
Cap Rate 7%
$381,671
Cap Rate 9%
$296,856
Alternative Uses
Best Use
Retail
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.9K – $639.8K
NOI $38,390 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35179, AL
9,742
Population
3,577
Households
2.7
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
93.2 sq mi
ZIP Area
105
Density / Sq Mi
$62,750
Median Household Income
$35,839
Median Earnings
$763
Median Rent
$175,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail-oriented building with multiple suites, existing commercial occupants, and conversion options supported by original plans.
Where is this storefront property located?
The property is located at 1816 Co Rd 1354 Vinemont, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3,720‑square‑foot storefront building on 1.7 acres; Three separate units within the building; Center unit occupied by a beauty shop
