Colbert County Commercial Building For
For Sale
$975,000
Pending
4840 Hatch Blvd, Sheffield, AL 35660
Commercial building with restaurant potential in high-traffic area.
Property Size10,031 SF
Days on Market207
Property Features for 4840 Hatch Blvd
General Information
Standard status
Pending
Size
10,031 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,289
Building Details
Year Built
1982
Listing Agency:
EXIT Realty Shoals
Listed By:
Kellie G Bowling · License #105919
(256) 740-1985
Source:
Exitrealty
Added: Mar 31
Changed: Sep 7
Last Checked: Sep 15 at 6:00AM
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 EXIT Realty Shoals
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Investment Insights
Based on property information with market context.
This commercial building, previously used as a restaurant, offers potential for various business options. The property spans over 10,000 square feet and includes indoor and outdoor stages, a dance floor, patio bars, an extended interior bar space, and a restaurant eating area. It features an indoor sprinkler system with up-to-date fire protection and a transferrable security system with ADT. The building also provides ample storage and kitchen space. Since 2023, approximately $300,000 has been invested in extensive renovations. These renovations, completed as of May 2023, include new plumbing, electrical systems, lighting, roofing, sprinkler system, ceilings, and HVAC ductwork. The property is equipped with two HVAC units that are two years old and two new tankless hot water heaters installed one year ago. Situated in a high-traffic area of Colbert County, the building has a capacity of over 400 people and approximately 100 parking spaces. The seller is open to considering a lease or owner financing.
Key Highlights
- Extensive Renovations: Approximately $300,000 spent since 2023, including new plumbing, electrical, lighting, roof, sprinkler system, ceilings, and HVAC ductwork.
- High Capacity & Ample Parking: Accommodates over 400 people with approximately 100 parking spaces.
- Prime Location: Situated in a high traffic area of Colbert County.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,133
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,442,660
$1.4M
Cap Rate 7%
$1,030,471
$1.0M
Cap Rate 9%
$801,478
$801.5K
Market Conditions
NOI Build-Up for 10,031 SF
Gross rent
$102.3K $10.20/SF
− Vacancy
−$6.1K −$0.61/SF
EGI
$96.2K $9.59/SF
− OpEx
−$24.0K −$2.40/SF
NOI
$72.1K $7.19/SF
Area
Colbert County, AL
Vacancy
6.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,442,660
Cap Rate 7%
$1,030,471
Cap Rate 9%
$801,478
Alternative Uses
Best Use
Specialty Retail
$1.03M
$901.7K – $1.20M
NOI $72,133 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,129 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Hotels & Casinos 21%
Dining 14%
Shell
Shops & Services
10,526 visits/mo
0.2 miles
Clarion Inn Sheffield Muscle Shoals
Hotels & Casinos
3,544 visits/mo
0.0 miles
Papa John's Pizza
Dining
2,315 visits/mo
0.3 miles
TitleMax Title Loans
Shops & Services
425 visits/mo
0.3 miles
Demographics for 35660, AL
9,434
Population
5,139
Households
1.8
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
6.2 sq mi
ZIP Area
1,522
Density / Sq Mi
$42,510
Median Household Income
$31,302
Median Earnings
$850
Median Rent
$129,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial building with restaurant potential in high-traffic area.
Where is this conventional restaurant located?
The property is located at 4840 Hatch Blvd Sheffield, AL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Extensive Renovations: Approximately $300,000 spent since 2023, including new plumbing, electrical, lighting, roof, sprinkler system, ceilings, and HVAC ductwork.; High Capacity & Ample Parking: Accommodates over 400 people with approximately 100 parking spaces.; Prime Location: Situated in a high traffic area of Colbert County.
