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

Listed By: LIZZIE MAYFIELD Show Phone

Added: Jun 18 Changed: Oct 17 Last Checked: Oct 17 at 11:06PM

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MLS# 26-1359

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Investment Insights

Based on property information with market context.

This 2,800-square-foot restaurant property includes an operating food-service business and a commercial kitchen equipped with stoves, refrigerators, freezers, fryers, and sinks. The building has central heating and central air conditioning, with public water and public sewer serving the property.

The restaurant is located at 404 3rd Avenue NW in downtown Aliceville, Alabama. The site is approximately 35 miles from Tuscaloosa, 30 miles from Columbus, and 60 miles from Meridian, providing access to surrounding communities. Existing equipment and building systems support continued restaurant use or other food-service operations.

Key Highlights

• 2,800‑square‑foot restaurant property at 404 3rd Avenue NW
• Commercial kitchen includes stoves, refrigerators, freezers, fryers, and sinks
• Operating food‑service business with equipment in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,477

Cap Rate

3.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$269,540 $269.5K

Cap Rate 7%

$192,529 $192.5K

Cap Rate 9%

$149,744 $149.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

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 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. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

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

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

173

Businesses Nearby

31k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 45% Apparel 3%

Jack's Family Restaurants Dining

9,937 visits/mo 0.4 miles

Dollar Tree Shops & Services

4,654 visits/mo 0.3 miles

Family Dollar Shops & Services

3,812 visits/mo 0.4 miles

Citgo Shops & Services

3,210 visits/mo 0.3 miles

Krispy Krunchy Chicken Dining

3,042 visits/mo 0.2 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

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing food-service facility with installed cooking, refrigeration, and utility equipment in a downtown setting.

Where is this conventional restaurant 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 restaurant property at 404 3rd Avenue NW; Commercial kitchen includes stoves, refrigerators, freezers, fryers, and sinks; Operating food‑service business with equipment in place