Building Details

Floors in Building 1

Flooring type Concrete

Listing Agency: Access Real Estate Show Phone

Listed By: Sam Mozeb · License #90515 Show Phone

Added: Sep 24 Last Checked: Sep 26 at 2:06PM

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MLS# 21930054

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Investment Insights

Based on property information with market context.

This retail property occupies 1.5 acres and includes space occupied by a salon and a real estate office. Available areas have open retail layouts, counters, sinks, office space, and restrooms; another space has plumbing for restrooms and can be configured as one suite or two. Concrete flooring is present.

The site is on Alabama Highway 69 South in Hanceville, across from the Petro Stopping Center. Public water and public sewer serve the property.

Key Highlights

• 1.5‑acre site on Alabama Highway 69 South
• Across from the Petro Stopping Center
• Salon and real estate office tenants in place

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

$28,728

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

4.11%

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%

$574,560 $574.6K

Cap Rate 7%

$410,400 $410.4K

Cap Rate 9%

$319,200 $319.2K

Market Conditions

NOI Build-Up for 4,000 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

$45.6K $11.40/SF

− Vacancy

−$4.6K −$1.14/SF

EGI

$41.0K $10.26/SF

− OpEx

−$12.3K −$3.08/SF

NOI

$28.7K $7.18/SF

Area

Cullman County, AL

Vacancy

10.00%

Lease Rate

$11.40 /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%

$574,560

Cap Rate 7%

$410,400

Cap Rate 9%

$319,200

Alternative Uses

Best Use

Retail

$410.4K

$359.1K – $478.8K (±1% cap)

NOI $28,728 @ 7.0% cap · market cap 4.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$589.7K

$516.0K – $688.0K (±1% cap)

NOI $41,280 @ 7.0% cap · market cap 5.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Strip malls

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

54k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 62% Dining 29% Home Improvements & Furnishings 9%

Shell Shops & Services

21,185 visits/mo 0.3 miles

Jack's Family Restaurants Dining

15,737 visits/mo 0.2 miles

Dollar General Shops & Services

7,679 visits/mo 0.4 miles

Dodge City Ace Hardware Home Improvements & Furnishings

4,857 visits/mo 0.1 miles

Chevron Shops & Services

4,809 visits/mo 0.3 miles

Demographics for 35077, AL

13,813

Population

6,045

Households

2.3

Avg Household Size

42

Median Age

14%

College-Educated

79%

High-School Grad

150.2 sq mi

ZIP Area

92

Density / Sq Mi

$47,720

Median Household Income

$29,221

Median Earnings

$822

Median Rent

$157,000

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Public water and sewer serve the property, with salon and real estate office tenants in place.

Where is this strip mall located?

The property is located at 501 Alabama Highway 69 S Hanceville, AL.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 1.5‑acre site on Alabama Highway 69 South; Across from the Petro Stopping Center; Salon and real estate office tenants in place