Versatile Building in Pleasant
27 Park Road Pleasant Grove, AL 35127
27 Park Road, Pleasant Grove, AL, 35127
$650,000
For Sale
$650,000
Well-maintained 3,348 SF building suitable for various businesses.
Property Size3,348 SF
Price / SF$194.15
Days on Market283
Property Features for 27 Park Road
General Information
- Standard status
- Active
- Size
- 3,348 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1990
Listing Agency
Cliff Realty, LLC
(205) 744-4654
Listed by
Michael Hankins · License #73062
(205) 744-4654
Source
Exitrealty
Added: Oct 8, 2025 Checked: Jul 15 at 10:17 pm
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 Cliff Realty, LLC
Investment Insights
Based on property information with market context.
Originally a bank, this 3,348 square foot building offers a versatile layout suitable for accommodating various types of businesses. The building is well maintained and includes adequate parking and some furniture. It is located at the main entrance of Pleasant Grove, at a corner with a traffic signal.
Key Highlights
- Located at the main entrance of Pleasant Grove with a traffic signal.
- Versatile layout suitable for many business types.
- Originally a bank building.
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 | $69.5k | $20.76 |
| − Vacancy | −$2.7k | −$0.81 |
| EGI | $66.8k | $19.95 |
| − OpEx | −$16.7k | −$4.99 |
| NOI | $50.1k | $14.96 |
3,348 SF · lease $20.76/SF/yr · vacancy 3.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$715.6K
$626.2K – $834.9K
NOI $50,095 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$667.9K
$584.5K – $779.3K
NOI $46,756 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,625 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Well-maintained 3,348 SF building suitable for various businesses.
Where is this bank located?
The property is located at 27 Park Road Pleasant Grove, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Located at the main entrance of Pleasant Grove with a traffic signal.; Versatile layout suitable for many business types.; Originally a bank building.
