Listing Agency: Triple R Real Estate

Listed By: Gusty Gulas Group Show Phone

Source: Gustygulasgroup

Added: Sep 28 Changed: Oct 21 Last Checked: Oct 23 at 6:42AM

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Investment Insights

Based on property information with market context.

The 35-acre property includes a 5,625-square-foot commercial shop with two drive-through bays, four oversized roll-up doors, a 625-square-foot mezzanine office, 3-phase power, and dual HVAC. An attached 1,160-square-foot residence has two bedrooms, two bathrooms, a full kitchen, living area, and laundry. A hay barn and level land complete the property. The site was formerly used as a firehouse.

The property is zoned for Chelsea schools and offers access to Hwy 280 and Hwy 55.

Key Highlights

• 35 acres of level land with a commercial shop and hay barn
• 5,625‑square‑foot shop with two drive‑through bays and four oversized roll‑up doors
• 625‑square‑foot mezzanine office, 3‑phase power, and dual HVAC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,969

Cap Rate

7.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,299,380 $1.3M

Cap Rate 7%

$928,129 $928.1K

Cap Rate 9%

$721,878 $721.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,625 SF

Gross rent

$118.1K $21.00/SF

− Vacancy

−$14.2K −$2.52/SF

EGI

$104.0K $18.48/SF

− OpEx

−$39.0K −$6.93/SF

NOI

$65.0K $11.55/SF

Area

Shelby County, AL

Vacancy

12.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,299,380

Cap Rate 7%

$928,129

Cap Rate 9%

$721,878

Alternative Uses

Best Use

Mixed Use

$928.1K

$812.1K – $1.08M (±1% cap)

NOI $64,969 @ 7.0% cap · market cap 7.64%

Second Best

Warehouse

$406.8K

$356.0K – $474.7K (±1% cap)

NOI $28,479 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,421 @ 7.0% cap · market cap 10.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service Dental Office Storage Facility Big Box & Wholesale Store Carpet & Flooring Store Kitchen & Bath Showroom

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

2

Drive-in doors

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area Business Placement

Demographics for 35147, AL

5,769

Population

2,467

Households

2.3

Avg Household Size

37

Median Age

41%

College-Educated

91%

High-School Grad

68.7 sq mi

ZIP Area

84

Density / Sq Mi

$85,587

Median Household Income

$44,473

Median Earnings

$1,626

Median Rent

$283,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - An attached two-bedroom residence complements the shop, with additional barn space and acreage for varied property uses.

Where is this mixed-use property located?

The property is located at 3850 Westover Road Sterrett, AL.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: 35 acres of level land with a commercial shop and hay barn; 5,625‑square‑foot shop with two drive‑through bays and four oversized roll‑up doors; 625‑square‑foot mezzanine office, 3‑phase power, and dual HVAC