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216 Haynes Street, Talladega, AL 35160
Shopping center property in Talladega, Alabama, constructed in 1991.
Property Size20,000 SF
Price / SF$163.50
Days on Market6
Property Features for 216 Haynes Street
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$261,409
Financials
Asking Price
$3,200,000
Cap Rate
8%
Building Details
Year Built
1991
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Atlanta
(678) 808-2780
Listed By:
Zachary Taylor · License #GA 266327
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 2:59PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This shopping center is located at 216 Haynes Street in Talladega, Alabama. The property was constructed in 1991 and is offered for sale as a retail-oriented commercial asset.
Key Highlights
- Shopping center property in Talladega, Alabama
- Located at 216 Haynes Street
- Constructed in 1991
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
$141,422
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
4.32%
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%
$2,828,440
$2.8M
Cap Rate 7%
$2,020,314
$2.0M
Cap Rate 9%
$1,571,356
$1.6M
Market Conditions
NOI Build-Up for 20,000 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
$220.8K $11.04/SF
− Vacancy
−$18.8K −$0.94/SF
EGI
$202.0K $10.10/SF
− OpEx
−$60.6K −$3.03/SF
NOI
$141.4K $7.07/SF
Area
Talladega County, AL
Vacancy
8.50%
Lease Rate
$11.04 /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%
$2,828,440
Cap Rate 7%
$2,020,314
Cap Rate 9%
$1,571,356
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,422 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,358 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
157k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Shops & Services 28%
Dining 25%
Home Improvements & Furnishings 8%
Walmart
Superstores
45,383 visits/mo
0.3 miles
Murphy USA
Shops & Services
19,753 visits/mo
0.4 miles
McDonald's
Dining
19,350 visits/mo
0.5 miles
Chevron
Shops & Services
10,477 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,348 visits/mo
0.2 miles
Demographics for 35160, AL
27,074
Population
13,147
Households
2.1
Avg Household Size
42
Median Age
16%
College-Educated
81%
High-School Grad
332.7 sq mi
ZIP Area
81
Density / Sq Mi
$50,007
Median Household Income
$32,821
Median Earnings
$772
Median Rent
$129,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Talladega Plaza — 803 Battle St E, Talladega, AL 35160
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center property in Talladega, Alabama, constructed in 1991.
Where is this shopping center located?
The property is located at 216 Haynes Street Talladega, AL.
What is the asking price?
The asking price for this property is $3,270,000.
What are key features of this property?
This property features: Shopping center property in Talladega, Alabama; Located at 216 Haynes Street; Constructed in 1991
