Adamsville Shopping Center For
For Sale
Contact for pricing
3980 Veteran Memorial Parkway, Adamsville, AL 35005
Highly visible shopping center anchored by Farmers Furniture on U.S. Hwy 78.
Property Size57,491 SF
Price / SF$0.00
Days on Market262
Property Features for 3980 Veteran Memorial Parkway
General Information
Standard status
Active
Size
57,491 SF
Property subtype
Retail
Lease Term
$6 - 10 SF/yr (NNN)
Building Details
Building Size
57,491 SF
Properties For Sale
at 3980 Veteran Memorial Parkway Contact usOutparcel
Type
Retail-Pad
Term
Negotiable
3970
Size
26,240 SF
Type
Neighborhood Center
Term
Negotiable
3990
Size
8,655 SF
Term
Negotiable
Listing Agency:
Real Estate Southeast
Listed By:
Louise Jennings-McCullar · License #GA #166727
(404) 606-3285
Source:
Realestatesoutheast
Added: Jan 27
Changed: Oct 15
Last Checked: Oct 14 at 8:30PM
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 Real Estate Southeast
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The subject property is a highly visible shopping center anchored by Farmers Furniture in Adamsville, Alabama. The property has great access and visibility off U.S. Hwy 78 and is centrally located between Birmingham & Jasper, Alabama. The shopping center has a traffic signal at the main entrance and is 4 miles from I-22. It serves the NW Jefferson County market. The property has 57491 square feet of retail space. One remaining lease space and an outparcel are available for lease and/or build to suit.
Key Highlights
- Highly visible shopping center anchored by Farmers Furniture.
- Great access and visibility off U.S. Hwy 78 with traffic signal at entrance.
- Out parcel available (owner will build to suit).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$802,876
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,057,520
$16.1M
Cap Rate 7%
$11,469,657
$11.5M
Cap Rate 9%
$8,920,844
$8.9M
Market Conditions
NOI Build-Up for 57,491 SF
Gross rent
$1.19M $20.76/SF
− Vacancy
−$46.5K −$0.81/SF
EGI
$1.15M $19.95/SF
− OpEx
−$344.1K −$5.99/SF
NOI
$802.9K $13.97/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,057,520
Cap Rate 7%
$11,469,657
Cap Rate 9%
$8,920,844
Alternative Uses
Best Use
Retail
$11.47M
$10.04M – $13.38M
NOI $802,876 @ 7.0% cap · market cap 13,381,266.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.78M
$17.31M – $23.07M
NOI $1,384,464 @ 7.0% cap · market cap 23,074,400.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35005, AL
7,578
Population
3,628
Households
2.1
Avg Household Size
42
Median Age
16%
College-Educated
86%
High-School Grad
31.7 sq mi
ZIP Area
239
Density / Sq Mi
$57,151
Median Household Income
$35,915
Median Earnings
$1,074
Median Rent
$138,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Highly visible shopping center anchored by Farmers Furniture on U.S. Hwy 78.
Where is this shopping center located?
The property is located at 3980 Veteran Memorial Parkway Adamsville, AL.
What are key features of this property?
This property features: Highly visible shopping center anchored by Farmers Furniture.; Great access and visibility off U.S. Hwy 78 with traffic signal at entrance.; Out parcel available (owner will build to suit).
