21366 Athens Limestone Blvd Athens, AL 35611
Freestanding restaurant building with ample parking and road frontage.
Property Features for 21366 Athens Limestone Blvd
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 2.21 Acres
- Property subtype
- Business Opportunity
Listing office Butler Realty (256) 520-8384
Listing date Nov 27, 2024
Source Exprealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Easily convertible restaurant space (former Ruby Tuesday).
- Large parking area with approximately 80 spaces.
- Excellent visibility with approximately 570’ of road frontage on a corner lot.
Local Financial Insights For Specialty Retail
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 | $96.0k | $19.20 |
| − Vacancy | −$2.9k | −$0.58 |
| EGI | $93.1k | $18.62 |
| − OpEx | −$23.3k | −$4.66 |
| NOI | $69.8k | $13.97 |
