Falkville Retail or Restaurant
59 Douglas Road Falkville, AL 35622
59 Douglas Road, Falkville, AL, 35622
$429,900
For Sale
$429,900
COMMERCIAL - Falkville, AL
Property Size3,640 SF
Price / SF$118.10
Days on Market179
Property Features for 59 Douglas Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 23 03 07 0 200 023.000
- Size
- 3,640 SF
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
919 6th Ave SE, AL
Listed by
Chance Higdon · License #77903
(256) 303-9858
Added: Jan 19 Checked: Jul 17 at 7:06 am
MLS# 21895030
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Investment Insights
Based on property information with market context.
This 3,640 square foot commercial building in Falkville, Alabama, presents an excellent business opportunity for retail or restaurant use. The property is located just off I-65 at Exit 322, beside Loves. It features a paved parking lot and has undergone numerous updates.
Key Highlights
- 3,640 SQFT Commercial Building Ideal for Retail or Restaurant
- Excellent Business Opportunity
- Located Just off I‑65 Exit 322
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 | $48.0k | $13.20 |
| − Vacancy | −$5.0k | −$1.39 |
| EGI | $43.0k | $11.81 |
| − OpEx | −$12.9k | −$3.54 |
| NOI | $30.1k | $8.27 |
3,640 SF · lease $13.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$580.1K
$507.6K – $676.8K
NOI $40,608 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$430.0K
$376.3K – $501.7K
NOI $30,102 @ 7.0% cap · market cap 7.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 3,640 SF commercial building near I-65, suitable for retail/restaurant.
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 SQFT Commercial Building Ideal for Retail or Restaurant; Excellent Business Opportunity; Located Just off I‑65 Exit 322
