Convenience Store and Gas
For Sale
Contact for pricing
2134 S Hickory St, Loxley, AL 36551
Operating convenience store with gas fueling and an approximately 850 SF car wash, with updated fuel and electrical systems.
Property Size2,280 SF
Price / SF$383.77
Days on Market118
Property Features for 2134 S Hickory St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
White-Spunner Realty LLC Mobile
(251) 471-1000
Listed By:
Crawford Stitt · License #0001357740
(251) 295-1328
Source:
Moodyscre
Added: May 11
Changed: Aug 21
Last Checked: Sep 4 at 4:18AM
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 White-Spunner Realty LLC Mobile
Investment Insights
Based on property information with market context.
This for-sale property operates as a Shell c-store and gas station, offering an approximately 2,280 SF retail side and an approximately 850 SF car wash. Improvements include new tank linings and a new electrical/control system for the fuel system, with an emergency shutoff installed, along with new electrical for the entire store and new fuel pumps. The fuel system includes an 8,000-gallon tank for regular, an 8,000-gallon tank for diesel, and an 8,000-gallon tank for premium.
Recent approvals noted include an Adem approval on the fuel system. Additional details of the property are available upon request, including documentation related to the fuel system updates.
Recent approvals noted include an Adem approval on the fuel system. Additional details of the property are available upon request, including documentation related to the fuel system updates.
Key Highlights
- Convenience store and Shell gas station with an approximately 2,280 SF retail store
- Fueling includes three 8,000‑gallon tanks: Premium, Regular, and Diesel
- Approximately 850 SF car wash included on‑site
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
$27,448
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
3.14%
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%
$548,960
$549.0K
Cap Rate 7%
$392,114
$392.1K
Cap Rate 9%
$304,978
$305.0K
Market Conditions
NOI Build-Up for 2,280 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
$38.9K $17.04/SF
− Vacancy
−$2.3K −$0.99/SF
EGI
$36.6K $16.05/SF
− OpEx
−$9.1K −$4.01/SF
NOI
$27.4K $12.04/SF
Area
Baldwin County, AL
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$548,960
Cap Rate 7%
$392,114
Cap Rate 9%
$304,978
Alternative Uses
Best Use
Specialty Retail
$392.1K
$343.1K – $457.5K
NOI $27,448 @ 7.0% cap · market cap 3.14%
Second Best
Retail
$350.5K
$306.7K – $408.9K
NOI $24,534 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$548.3K
$479.8K – $639.7K
NOI $38,381 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 32%
Dining 21%
Piggly Wiggly
Groceries
19,781 visits/mo
0.3 miles
Circle K
Shops & Services
14,344 visits/mo
0.5 miles
Jack's Family Restaurants
Dining
11,788 visits/mo
0.1 miles
Dollar General
Shops & Services
7,891 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,620 visits/mo
0.3 miles
Demographics for 36551, AL
10,514
Population
4,309
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
94%
High-School Grad
68.7 sq mi
ZIP Area
153
Density / Sq Mi
$68,625
Median Household Income
$34,784
Median Earnings
$1,151
Median Rent
$236,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Operating convenience store with gas fueling and an approximately 850 SF car wash, with updated fuel and electrical systems.
Where is this gas station located?
The property is located at 2134 S Hickory St Loxley, AL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Convenience store and Shell gas station with an approximately 2,280 SF retail store; Fueling includes three 8,000‑gallon tanks: Premium, Regular, and Diesel; Approximately 850 SF car wash included on‑site
