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Listing Agency: National Land Realty, Birmingham, AL Show Phone

Listed By: Gabe Goodson · License #0001252610 Show Phone

Added: Oct 8 Changed: Oct 12 Last Checked: Oct 15 at 6:06PM

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MLS# 12021163

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick retail building contains approximately 1,500 square feet, with an office, dry storage, two bathrooms, and five HVAC units. The interior is described as a blank slate, providing a straightforward commercial layout.

The property occupies 0.5 acres at 5394 US 280 in Harpersville, with approximately 100 feet of frontage along the highway. It sits next to a four-way intersection and has ample parking.

Key Highlights

• Approximately 1,500 square feet in a brick building
• Approximately 100 feet of frontage on US Highway 280
• Adjacent to a four‑way intersection

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,128

Cap Rate

3.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$282,560 $282.6K

Cap Rate 7%

$201,829 $201.8K

Cap Rate 9%

$156,978 $157.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$22.5K $15.00/SF

− Vacancy

−$2.3K −$1.55/SF

EGI

$20.2K $13.46/SF

− OpEx

−$6.1K −$4.04/SF

NOI

$14.1K $9.42/SF

Area

Shelby County, AL

Vacancy

10.30%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$282,560

Cap Rate 7%

$201,829

Cap Rate 9%

$156,978

Alternative Uses

Best Use

Retail

$201.8K

$176.6K – $235.5K (±1% cap)

NOI $14,128 @ 7.0% cap · market cap 3.94%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$352.1K

$308.1K – $410.8K (±1% cap)

NOI $24,646 @ 7.0% cap · market cap 6.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

81

Businesses Nearby

45k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Shops & Services 40%

Jack's Family Restaurants Dining

21,296 visits/mo 0.2 miles

Exxon Shops & Services

7,075 visits/mo 0.2 miles

Dollar General Shops & Services

5,506 visits/mo 0.5 miles

Popeyes Louisiana Kitchen Dining

5,428 visits/mo 0.0 miles

Shell Shops & Services

3,495 visits/mo 0.0 miles

Demographics for 35078, AL

2,052

Population

970

Households

2.1

Avg Household Size

44

Median Age

17%

College-Educated

89%

High-School Grad

43.2 sq mi

ZIP Area

48

Density / Sq Mi

$73,145

Median Household Income

$43,750

Median Earnings

$899

Median Rent

$190,600

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?

Retail space - A brick commercial space offers dry storage, two bathrooms, five HVAC units, and on-site parking.

Where is this retail space located?

The property is located at 5394 US 280 Harpersville, AL.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: Approximately 1,500 square feet in a brick building; Approximately 100 feet of frontage on US Highway 280; Adjacent to a four‑way intersection