Updated Commercial Property on Morris
548 Morris Majestic Road Morris, AL 35116
548 Morris Majestic Road, Morris, AL, 35116
$349,900
For Sale
$349,900
Versatile commercial property with high visibility and recent updates.
Property Size1,430 SF
Price / SF$244.69
Days on Market248
Property Features for 548 Morris Majestic Road
General Information
- Standard status
- Active
- Size
- 1,430 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1936
Listing Agency
Redstone Realty Solutions LLC
(205) 999-9147
Listed by
Cynthia Scarbinsky · License #68251-1
(205) 999-9147
Source
Exitrealty
Added: Nov 11, 2025 Checked: Jul 16 at 1:11 pm
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 Redstone Realty Solutions LLC
Investment Insights
Based on property information with market context.
This commercial property on Morris Majestic Road presents an opportunity for ownership in an active area of Morris. Suited for a range of businesses, including retail, office, service, or professional use, the property benefits from high visibility. The building features updates such as new flooring, ceilings, and paint, along with new gutters. The updates provide a clean, modern, and move-in-ready space. The property offers ample parking and easy access. The property size is 1430 square feet.
Key Highlights
- High visibility location on Morris Majestic Road.
- Move‑in‑ready condition with new flooring, ceilings, and paint.
- Suitable for a wide range of businesses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $20.76 |
| − Vacancy | −$1.2k | −$0.81 |
| EGI | $28.5k | $19.95 |
| − OpEx | −$8.6k | −$5.99 |
| NOI | $20.0k | $13.97 |
1,430 SF · lease $20.76/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$285.3K
$249.6K – $332.8K
NOI $19,970 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.9K
$430.5K – $573.9K
NOI $34,436 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Versatile commercial property with high visibility and recent updates.
Where is this retail space located?
The property is located at 548 Morris Majestic Road Morris, AL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: High visibility location on Morris Majestic Road.; Move‑in‑ready condition with new flooring, ceilings, and paint.; Suitable for a wide range of businesses.
