Storefront Building with
4084 SULLIVAN STREET, Madison, AL 35758
For Sale
New
$1,850,000
Commercial Sale, MADISON, AL
Property Size8,051 SF
Lot Size0.97 Acres
Price / SF$229.79
Days on Market3
Property Features for 4084 SULLIVAN STREET
General Information
Property type
Property subtype
Directions
Standard status
Size
Lot size
Utilities
Water source
Building Details
Floors in Building
Flooring type
Buildings
Listing Agency:
Leading Edge, R.E. Group
(256) 489-2602
Listed By:
Carlos Craighead · License #85955
(256) 468-0150
Added: Nov 4
Last Checked: Nov 6 at 7:06PM
MLS# 21933347
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Investment Insights
Based on property information with market context.
The storefront property at 4084 Sullivan Street in Madison contains 8,051 square feet on a 0.97-acre site. More than 4,000 square feet is built out and currently in use; the remaining area can be finished for a future business configuration. The building has concrete flooring and public water service.
The property includes 62 parking spaces and road frontage on Sullivan Street. Its existing buildout and unfinished area provide distinct options for continued use or further interior completion.
The property includes 62 parking spaces and road frontage on Sullivan Street. Its existing buildout and unfinished area provide distinct options for continued use or further interior completion.
Key Highlights
- 8,051‑square‑foot storefront property on a 0.97‑acre site
- 62 parking spaces
- More than 4,000 square feet built out and in use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,399
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,967,980
$2.0M
Cap Rate 7%
$1,405,700
$1.4M
Cap Rate 9%
$1,093,322
$1.1M
Market Conditions
NOI Build-Up for 8,051 SF
Gross rent
$144.9K $18.00/SF
− Vacancy
−$4.3K −$0.54/SF
EGI
$140.6K $17.46/SF
− OpEx
−$42.2K −$5.24/SF
NOI
$98.4K $12.22/SF
Area
Madison County, AL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,967,980
Cap Rate 7%
$1,405,700
Cap Rate 9%
$1,093,322
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,399 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,754 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
3,151 visits/mo
0.2 miles
Express Oil Change
Shops & Services
2,449 visits/mo
0.0 miles
Demographics for 35758, AL
48,192
Population
20,322
Households
2.4
Avg Household Size
38
Median Age
64%
College-Educated
98%
High-School Grad
27.2 sq mi
ZIP Area
1,772
Density / Sq Mi
$115,780
Median Household Income
$61,321
Median Earnings
$1,375
Median Rent
$336,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Madison County, AL
Properties on Market for Storefront properties in Madison County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Existing commercial space is in use, with additional area available for completion to suit a business’s requirements.
Where is this storefront property located?
The property is located at 4084 SULLIVAN STREET Madison, AL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 8,051‑square‑foot storefront property on a 0.97‑acre site; 62 parking spaces; More than 4,000 square feet built out and in use
