Updated Retail Building Near
For Sale
$429,900
59 Douglas Road, Falkville, AL 35622
Business Opportunity, Falkville, AL
Property Size3,640 SF
Lot Size0.52 Acres
Price / SF$118.10
Days on Market269
Property Features for 59 Douglas Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Metes And Bounds
Directions
65 South - Take Exit 322 In Falkville - Turn Right, Then Left Onto Douglas Rd 65 North - Take Exit 322 In Falkville - Turn Left - Then Turn Left Onto Douglas Rd.
Standard status
Active
APN
23 03 07 0 200 023.000
Size
3,640 SF
Lot size
0.52 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
2009
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Redstone Realty Solutions-Dec
(256) 350-9676
Listed By:
Chance Higdon · License #77903
(256) 303-9858
Added: Jan 19
Changed: Oct 14
Last Checked: Oct 15 at 8:06PM
MLS# 21895030
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,640-square-foot retail building was constructed in 2009 and includes concrete flooring and a bathroom. The property has received updates and is configured for either retail or restaurant operations, with a paved parking area supporting the improvements.
Located at 59 Douglas Road in Falkville, the building sits just off I-65 at Exit 322 and beside Loves. Public water and a septic tank serve the property, which occupies 0.5236 acres in Morgan County.
Located at 59 Douglas Road in Falkville, the building sits just off I-65 at Exit 322 and beside Loves. Public water and a septic tank serve the property, which occupies 0.5236 acres in Morgan County.
Key Highlights
- 3,640‑square‑foot commercial building on 0.5236 acres
- Retail or restaurant use identified for the building
- Just off I‑65 Exit 322 in Falkville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,102
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,040
$602.0K
Cap Rate 7%
$430,029
$430.0K
Cap Rate 9%
$334,467
$334.5K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$48.0K $13.20/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$43.0K $11.81/SF
− OpEx
−$12.9K −$3.54/SF
NOI
$30.1K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,040
Cap Rate 7%
$430,029
Cap Rate 9%
$334,467
Alternative Uses
Best Use
Retail
$430.0K
$376.3K – $501.7K
NOI $30,102 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.3K
$662.6K – $883.5K
NOI $53,010 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
9,643 visits/mo
0.4 miles
Chevron
Shops & Services
4,973 visits/mo
0.2 miles
Demographics for 35622, AL
7,257
Population
2,803
Households
2.6
Avg Household Size
43
Median Age
12%
College-Educated
88%
High-School Grad
96.4 sq mi
ZIP Area
75
Density / Sq Mi
$53,354
Median Household Income
$37,182
Median Earnings
$880
Median Rent
$174,400
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?
Retail space - Retail building with concrete floors, paved parking, and stated suitability for retail or restaurant use.
Where is this retail space located?
The property is located at 59 Douglas Road Falkville, AL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 3,640‑square‑foot commercial building on 0.5236 acres; Retail or restaurant use identified for the building; Just off I‑65 Exit 322 in Falkville
