Storefront Property with Salon
For Sale
$150,000
23 Brown Avenue, Sylacauga, AL 35150
Existing salon improvements and included furnishings support continued operation or reconfiguration for another professional use.
Property Size1,002 SF
Price / SF$149.70
Days on Market140
Property Features for 23 Brown Avenue
General Information
Standard status
Active
Size
1,002 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1940
Listing Agency:
Real Broker LLC
(540) 838-1353
Listed By:
Nikki Henderson · License #149475
(540) 838-1353
Source:
Exitrealty
Added: Apr 14
Changed: Aug 30
Last Checked: Aug 30 at 10:45PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This storefront property is currently configured for hair salon operations and includes the furniture and fixtures associated with the existing setup. The interior layout can be adapted for office, boutique, or other professional use, subject to applicable requirements. The property contains 1,002 square feet and was built in 1940.
Located at 23 Brown Avenue in Sylacauga, the space offers an established commercial configuration for an owner-operator or investor seeking a compact storefront asset. Included furnishings and fixtures allow a buyer to retain the salon format or customize the premises for a different business concept.
Located at 23 Brown Avenue in Sylacauga, the space offers an established commercial configuration for an owner-operator or investor seeking a compact storefront asset. Included furnishings and fixtures allow a buyer to retain the salon format or customize the premises for a different business concept.
Key Highlights
- 1,002‑square‑foot storefront property
- Currently operating as a hair salon
- Furniture and fixtures included
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
$7,085
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
4.72%
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%
$141,700
$141.7K
Cap Rate 7%
$101,214
$101.2K
Cap Rate 9%
$78,722
$78.7K
Market Conditions
NOI Build-Up for 1,002 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
$11.1K $11.04/SF
− Vacancy
−$940 −$0.94/SF
EGI
$10.1K $10.10/SF
− OpEx
−$3.0K −$3.03/SF
NOI
$7.1K $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%
$141,700
Cap Rate 7%
$101,214
Cap Rate 9%
$78,722
Alternative Uses
Best Use
Retail
$101.2K
$88.6K – $118.1K
NOI $7,085 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.0K
$179.3K – $239.1K
NOI $14,347 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
149k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 46%
Groceries 6%
Home Improvements & Furnishings 1%
McDonald's
Dining
17,976 visits/mo
0.2 miles
Wendy's
Dining
14,621 visits/mo
0.3 miles
Burger King
Dining
14,618 visits/mo
0.2 miles
SONIC Drive In
Dining
13,469 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
12,571 visits/mo
0.0 miles
Demographics for 35150, AL
17,971
Population
8,453
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
82%
High-School Grad
61.1 sq mi
ZIP Area
294
Density / Sq Mi
$41,328
Median Household Income
$28,864
Median Earnings
$721
Median Rent
$135,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Lily — 232 N Broadway Ave, Sylacauga, AL 35150
Frequently Asked Questions
What type of property is this?
Storefront property - Existing salon improvements and included furnishings support continued operation or reconfiguration for another professional use.
Where is this storefront property located?
The property is located at 23 Brown Avenue Sylacauga, AL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,002‑square‑foot storefront property; Currently operating as a hair salon; Furniture and fixtures included
