Building Details

Floors in Building 1

Flooring type Concrete

Listing Agency: South State Realty, LLC Show Phone

Listed By: Tina Hosch · License #60425 Show Phone

Added: May 30 Changed: Aug 4 Last Checked: Aug 31 at 10:06AM

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MLS# 21919372

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Investment Insights

Based on property information with market context.

This storefront property includes a 1,600-square-foot commercial building on a 0.43-acre parcel. Concrete flooring is installed, with public water and a septic tank serving the site. The property is offered for sale; existing tenants do not own the real estate, and the business is excluded from the transaction.

Within Rainsville city limits, the site fronts Highway 35 for more than 200 feet and Star Road for approximately 100 feet. Its two-road frontage provides a clearly defined commercial presence along both thoroughfares.

Key Highlights

• 1,600‑square‑foot storefront building on a 0.43‑acre parcel
• Over 200 ft of frontage on Highway 35
• Approx. 100 ft of frontage on Star Road

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

$9,677

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

3.12%

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%

$193,540 $193.5K

Cap Rate 7%

$138,243 $138.2K

Cap Rate 9%

$107,522 $107.5K

Market Conditions

NOI Build-Up for 1,600 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

$15.4K $9.60/SF

− Vacancy

−$1.5K −$0.96/SF

EGI

$13.8K $8.64/SF

− OpEx

−$4.1K −$2.59/SF

NOI

$9.7K $6.05/SF

Area

DeKalb County, AL

Vacancy

10.00%

Lease Rate

$9.60 /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%

$193,540

Cap Rate 7%

$138,243

Cap Rate 9%

$107,522

Alternative Uses

Best Use

Retail

$138.2K

$121.0K – $161.3K (±1% cap)

NOI $9,677 @ 7.0% cap · market cap 3.12%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$257.8K

$225.5K – $300.7K (±1% cap)

NOI $18,043 @ 7.0% cap · market cap 5.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Wilson Lawn Care ... Landscaping

Suggested Use

Top Pick Plumbing Service Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35986, AL

8,091

Population

3,529

Households

2.3

Avg Household Size

41

Median Age

25%

College-Educated

85%

High-School Grad

43.1 sq mi

ZIP Area

188

Density / Sq Mi

$65,774

Median Household Income

$40,080

Median Earnings

$656

Median Rent

$207,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Concrete-floored commercial building with public water and septic service.

Where is this storefront property located?

The property is located at 3211 Main Street Rainsville, AL.

What is the asking price?

The asking price for this property is $310,000.

What are key features of this property?

This property features: 1,600‑square‑foot storefront building on a 0.43‑acre parcel; Over 200 ft of frontage on Highway 35; Approx. 100 ft of frontage on Star Road