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    Restaurant Building with Waterfront Access Title is generated by Realmo AI

    31900 HIGHWAY 280, Childersburg, AL 35044

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    For Sale
    $525,000

    Retail - CHILDERSBURG, AL

    Type:Retail
    Property size:
    3,377 SF
    Lot size:
    6.60 Acres
    Price / SF:
    $155/SF
    Added:
    Apr 20, 2026
    Days on Market:
    26
    Last Refresh:
    May 15 at 10:06 pm

    Property Features for 31900 HIGHWAY 280

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Restaurant
    Standard status
    Active
    Size
    3,377 SF
    Lot size
    6.60 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1963
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Brick, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Stephanie Harvel
    Stephanie Harvel

    Listing agent Stephanie Harvel

    Listing office Keller Williams Realty Vestavia 3595 Grandview Pkwy, Suite 250, Birmingham, AL

    Listing date Apr 20, 2026

    MLS# 21450452 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 680.7 ft of water frontage on Lay Lake/Coosa River with cleared land and older dock
    • High‑visibility location with 496.5 ft of road frontage on Highway 280
    • Large 6.6‑acre lot with potential for future subdivision
    • Existing 3,377 sq ft brick building previously used as a restaurant, equipped with a full kitchen, bar area, walk‑in coolers, and spacious seating
    • Connected to city utilities and sewer
    • Versatile property suitable for a restaurant, storefront, office, marina, or future development

    Overview

    This commercial property in Talladega County features a 3,377 sq ft brick building with a metal roof, situated on 6.6 acres. Previously a restaurant, the building includes tile flooring, brick interior walls, a bar area, a full kitchen, public restrooms, a spacious seating area, and walk-in coolers. An unfinished basement is also present. The property offers ample parking and has 496.5 ft of road frontage on Highway 280, along with 680.7 ft of water frontage on Lay Lake/Coosa River. The land leading to the water has been recently cleared to enhance views and includes an older dock. The property is connected to city utilities and sewer. While the building requires some updates, it is suitable for various uses, including a restaurant, storefront, office, or marina. The property also presents potential for future development, including subdivision for additional waterfront lots.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $372.2K
    NOI $33,497 @ 9.00% cap · cautious / downside scenario
    Moderate
    $478.5K
    NOI $33,497 @ 7.00% cap · market / base-case scenario
    Aggressive
    $669.9K
    NOI $33,497 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $47.4k $14.04
    − Vacancy −$2.7k −$0.81
    EGI $44.7k $13.23
    − OpEx −$11.2k −$3.31
    NOI $33.5k $9.92
    3,377 SF · lease $14.04/SF/yr · vacancy 5.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $478.5K
    $418.7K – $558.3K (±1% cap)
    NOI $33,497 @ 7.0% cap · market cap 6.38%
    Second Best
    Retail
    $341.1K
    $298.5K – $398.0K (±1% cap)
    NOI $23,879 @ 7.0% cap · market cap 4.55%
    Theoretical Best
    Office A
    $690.7K
    $604.4K – $805.9K (±1% cap)
    NOI $48,352 @ 7.0% cap · market cap 9.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Golden Star Chinese Restaurant — 1060 1st St NW, Childersburg, AL 35044

    Location Insight

    • Map
    • Local Demand
    City
    Childersburg
    County
    Talladega
    State
    Alabama
    Longitude
    -86.3647508
    Latitude
    33.2887146

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    FAQs

    What type of property is this?
    Conventional restaurant - 3,377 SF restaurant on 6.6 acres with waterfront access.
    Where is this conventional restaurant located?
    The property is located at 31900 HIGHWAY 280 Childersburg, AL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 680.7 ft of water frontage on Lay Lake/Coosa River with cleared land and older dock; High‑visibility location with 496.5 ft of road frontage on Highway 280; Large 6.6‑acre lot with potential for future subdivision
    (256) 267-7065
    We can help!
    Listing Contact
    Stephanie Harvel
    Stephanie Harvel
    Real Estate License ID: 138155
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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