Listing Agency: RE/MAX PARTNERS · RE/MAX International m***@remax.net Show Phone

Listed By: LIZZIE MAYFIELD Show Phone

Added: Jun 18 Changed: Aug 5 Last Checked: Aug 11 at 7:06PM

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MLS# 26-1359

Copyright © 2026 Golden Triangle Association of Realtors. 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.

This 2,800-square-foot commercial kitchen property is configured for ongoing food-service operations. The facility includes stoves, refrigerators, freezers, fryers, sinks, and additional kitchen equipment. Central heating and central air conditioning support the interior, while public water and public sewer serve the property.

The property is located at 404 3rd Avenue NW in downtown Aliceville, Alabama. Its position provides access to surrounding communities, with approximately 35 miles to Tuscaloosa, 30 miles to Columbus, and 60 miles to Meridian. The existing setup may accommodate restaurant, café, catering, or other food-service operations, subject to applicable requirements.

Key Highlights

• 2,800‑square‑foot commercial kitchen facility
• Stoves, refrigerators, freezers, fryers, sinks, and additional equipment included
• Located at 404 3rd Avenue NW in downtown Aliceville

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

$13,477

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

3.59%

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%

$269,540 $269.5K

Cap Rate 7%

$192,529 $192.5K

Cap Rate 9%

$149,744 $149.7K

Market Conditions

NOI Build-Up for 2,800 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

$20.2K $7.20/SF

− Vacancy

−$907 −$0.32/SF

EGI

$19.3K $6.88/SF

− OpEx

−$5.8K −$2.06/SF

NOI

$13.5K $4.81/SF

Area

Pickens County, AL

Vacancy

4.50%

Lease Rate

$7.20 /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%

$269,540

Cap Rate 7%

$192,529

Cap Rate 9%

$149,744

Alternative Uses

Best Use

Specialty Retail

$503.3K

$440.4K – $587.2K (±1% cap)

NOI $35,230 @ 7.0% cap · market cap 9.39%

Second Best

Industrial

$192.5K

$168.5K – $224.6K (±1% cap)

NOI $13,477 @ 7.0% cap · market cap 3.59%

Theoretical Best

Office A

$672.9K

$588.8K – $785.0K (±1% cap)

NOI $47,100 @ 7.0% cap · market cap 12.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Commercial kitchens

Suggested Use

Top Pick Dental Office Auto Parts Store Grocery & Convenience Store Law Firm Spa & Massage Center (Bike/Boat/Book/etc) Store

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 49%

Citgo Shops & Services

3,210 visits/mo 0.3 miles

Krispy Krunchy Chicken Dining

3,042 visits/mo 0.4 miles

Demographics for 35442, AL

5,937

Population

2,149

Households

2.8

Avg Household Size

41

Median Age

12%

College-Educated

76%

High-School Grad

267.4 sq mi

ZIP Area

22

Density / Sq Mi

$34,274

Median Household Income

$21,579

Median Earnings

$671

Median Rent

$121,700

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

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Frequently Asked Questions

What type of property is this?

Commercial kitchen - Operational food-service property with cooking, refrigeration, frying, and washing equipment in place.

Where is this commercial kitchen located?

The property is located at 404 3rd Avenue NW Aliceville, AL.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 2,800‑square‑foot commercial kitchen facility; Stoves, refrigerators, freezers, fryers, sinks, and additional equipment included; Located at 404 3rd Avenue NW in downtown Aliceville