Strip Retail Center with End-Cap
501 ALABAMA HIGHWAY 69 S, Hanceville, AL 35077
For Sale
$699,000
Commercial Sale, HANCEVILLE, AL
Property Size4,000 SF
Lot Size1.50 Acres
Price / SF$174.75
Days on Market49
Property Features for 501 ALABAMA HIGHWAY 69 S
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Flooring type
Buildings
Listing Agency:
Access Real Estate
Listed By:
Sam Mozeb · License AL #90515
(256) 822-2548
Added: Sep 24
Changed: Oct 29
Last Checked: Nov 11 at 1:06PM
MLS# 21930054
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Investment Insights
Based on property information with market context.
This 4,000-square-foot strip retail center on 1.5 acres contains three units, with a salon and real estate office among its current occupants. Two 1,600-square-foot end-cap spaces are available. One has an open retail area, counter or bar, sinks, an office, and two restrooms. The other can remain a single suite or be divided into two 800-square-foot spaces; plumbing is in place for restrooms. Concrete flooring and public water service are also noted.
The property is on Alabama Highway 69 South in Hanceville, across from the Petro Stopping Center. The available spaces support retail or office use, with the first layout also identified for café use.
The property is on Alabama Highway 69 South in Hanceville, across from the Petro Stopping Center. The available spaces support retail or office use, with the first layout also identified for café use.
Key Highlights
- Three‑unit retail center totaling 4,000 square feet on 1.5 acres
- Two available 1,600‑square‑foot end‑cap spaces
- One end cap has an open retail area, counter/bar, sinks, office, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,728
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
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
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 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
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
NOI $41,280 @ 7.0% cap · market cap 5.91%
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
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Two end-cap spaces offer flexible layouts for retail, office, or café use.
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: Three‑unit retail center totaling 4,000 square feet on 1.5 acres; Two available 1,600‑square‑foot end‑cap spaces; One end cap has an open retail area, counter/bar, sinks, office, and two restrooms
