Historic Downtown
For Sale
$235,000
357 MARKET Street, Moundville, AL 35474
COMMERCIAL - Moundville, AL
Property Size1,619 SF
Lot Size0.06 Acres
Price / SF$145.15
Days on Market150
Property Features for 357 MARKET Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Take highway 69 south to Moundville. Turn right at light onto Market St. Go to the stop sign and the building is directly to your left in between the old bank and Blush Salon. Ellison Laine is currently the signage on the building.
Subdivision
(16) Hale County
Standard status
Active
APN
03-01-01-4-401-0030000
Size
1,619 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
Beg At Inst Of Se Mar Of Second Ave & S Mar Of Market St Run Wly 25' (S) S 94' (S) N 95' (S) To Pob Se 1/4 Being A Pt Of L.A. Mills & Griffin Sub Opener
Tax Annual Amount
582
Legal Description
Beg At Inst Of Se Mar Of Second Ave & S Mar Of Market St Run Wly 25' (S) S 94' (S) N 95' (S) To Pob Se 1/4 Being A Pt Of L.A. Mills & Griffin Sub Opener
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1910
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Flat
Listing Agency:
EXIT Capstone Realty · EXIT Realty
(659) 734-3948
Listed By:
Jennifer Eaton
(205) 765-3204
Added: Mar 27
Changed: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 174273
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this 1,619-square-foot storefront property combines historic character with a practical commercial layout. The building includes stained concrete flooring, wrought iron chandeliers, display shelving, a dedicated dressing room, an office, and a sizable rear storage area. Block construction, a flat roof, central heating, electric heat, and central air conditioning complete the existing improvements.
The property is located in downtown Moundville, Alabama, within Hale County and ZIP Code 35474. Its configuration supports retail and other commercial uses, with dedicated areas for customer-facing displays, administrative work, changing, and storage.
The property is located in downtown Moundville, Alabama, within Hale County and ZIP Code 35474. Its configuration supports retail and other commercial uses, with dedicated areas for customer-facing displays, administrative work, changing, and storage.
Key Highlights
- 1,619 SF historic commercial storefront built in 1910
- Downtown Moundville location in Hale County, AL
- Interior includes display shelving, dressing room, office, and rear storage
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
$18,181
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
7.74%
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%
$363,620
$363.6K
Cap Rate 7%
$259,729
$259.7K
Cap Rate 9%
$202,011
$202.0K
Market Conditions
NOI Build-Up for 1,619 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
$28.2K $17.40/SF
− Vacancy
−$2.2K −$1.36/SF
EGI
$26.0K $16.04/SF
− OpEx
−$7.8K −$4.81/SF
NOI
$18.2K $11.23/SF
Area
Hale County, AL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$363,620
Cap Rate 7%
$259,729
Cap Rate 9%
$202,011
Alternative Uses
Best Use
Retail
$259.7K
$227.3K – $303.0K
NOI $18,181 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.1K
$340.4K – $453.9K
NOI $27,234 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Family Dollar
Shops & Services
4,555 visits/mo
0.4 miles
Marathon
Shops & Services
3,508 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
2,646 visits/mo
0.4 miles
Demographics for 35474, AL
7,829
Population
3,005
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
207.3 sq mi
ZIP Area
38
Density / Sq Mi
$80,406
Median Household Income
$45,760
Median Earnings
$861
Median Rent
$187,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with merchandise displays, private dressing area, office, and rear storage.
Where is this storefront property located?
The property is located at 357 MARKET Street Moundville, AL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,619 SF historic commercial storefront built in 1910; Downtown Moundville location in Hale County, AL; Interior includes display shelving, dressing room, office, and rear storage
