Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Construction Family Dollar Investment Title is generated by Realmo AI

    3200 Main Street Altoona Alabama USA, Altoona, AL 35952

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Freestanding Family Dollar in Altoona, Alabama with 9-year lease.

    Type:Retail
    Property size:
    10,500 SF
    Price / SF:
    $171/SF
    Added:
    Jul 28, 2025
    Days on Market:
    304
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 3200 Main Street Altoona Alabama USA

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Riley Harder

    Listing agent Riley Harder License #131554

    Listing office Horvath & Tremblay

    Listing date Jul 28, 2025

    Source Crexi

    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 Horvath & Tremblay

    HighLights

    • New construction (2024) freestanding Family Dollar.
    • 9 years remaining on the lease with five (5), 5‑year renewal options.
    • Attractive rent increases at the start of each renewal option.
    • Excellent frontage and visibility along Main Street (AL Route 132).
    • Family Dollar is the main shopping destination in Altoona.
    • Located 4 miles from US Highway 278, between Oneonta and Gadsden, and approximately 45 miles from Birmingham.

    Overview

    This is an opportunity to purchase a new construction, freestanding Family Dollar investment property located at 3200 Main Street in Altoona, Alabama. The property has 9 years remaining on its lease, with five 5-year renewal options. The lease includes rent increases at the start of each renewal option. The property benefits from frontage and visibility along Main Street (AL Route 132), a primary commercial and commuter corridor. Family Dollar is the main shopping destination in Altoona. The location is 4 miles from US Highway 278, the primary east-west roadway, and is positioned between Oneonta and Gadsden, which offer retail and dining amenities, schools, employment opportunities, and hospitals. Additionally, the property is approximately 45 miles from Birmingham. The property size is 10500 square feet.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $1.34M
    NOI $120,176 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.72M
    NOI $120,176 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.40M
    NOI $120,176 @ 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 $170.1k $16.20
    − Vacancy −$9.9k −$0.94
    EGI $160.2k $15.26
    − OpEx −$40.1k −$3.82
    NOI $120.2k $11.45
    10,500 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $1.72M
    $1.50M – $2.00M (±1% cap)
    NOI $120,176 @ 7.0% cap · market cap 6.68%
    Second Best
    Retail
    $1.39M
    $1.21M – $1.62M (±1% cap)
    NOI $97,020 @ 7.0% cap · market cap 5.39%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store

    Suggested Use

    Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy Electrical Service Electronics & Wireless Store Arcade & Gaming Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Etowah
    State
    Alabama
    Longitude
    -86.31826
    Latitude
    34.029723

    Nearby Similar for Sale

    • $299,900
      4,900 SF

      Versatile Commercial Property in Altoona

      Commercial property with unlimited potential in a high-traffic location.
      41185 State Highway 75 N, Altoona, AL 35121
      View Details
    • $174,900

      Former Church with Renovation Potential

      Charming former church on 2.6 acres with renovation potential.
      220 BURGETT ROAD, ALTOONA, AL 35952
      View Details
    • $724,000

      Established Shopping Center Investment Opportunity

      Shopping center with long-term anchor tenant in Altoona, Alabama.
      87354 US Hwy 278, Altoona, AL 35952
      View Details
    • $174,900
      3,988 SF

      Charming Former Church with Potential

      Spacious property with hardwood floors, updated kitchen, and large sanctuary.
      220 Burgett Road, ALTOONA, AL 35952
      View Details
    • $1,725,000

      Altoona Broiler and Cattle Farm

      Six-house broiler farm with cattle operation on 50 acres.
      760 Burton Loop Road, Altoona, AL 35952
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Freestanding Family Dollar in Altoona, Alabama with 9-year lease.
    Where is this grocery and convenience store located?
    The property is located at 3200 Main Street Altoona Alabama USA Altoona, AL.
    What is the asking price?
    The asking price for this property is $1,798,500.
    What are key features of this property?
    This property features: New construction (2024) freestanding Family Dollar.; 9 years remaining on the lease with five (5), 5‑year renewal options.; Attractive rent increases at the start of each renewal option.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Riley Harder
    Real Estate License ID: 131554
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3200 Main Street, Altoona, Alabama, USA, Altoona, AL 35952
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!