Retail Storefront with Road
601 S Memorial Drive Prattville, AL 36067
601 S Memorial Drive, Prattville, AL, 36067
$899,999
For Sale
$899,999
Commercial building on S. Memorial Drive with ample parking and prominent road frontage in Prattville.
Property Size5,441 SF
Price / SF$165.41
Days on Market41
Property Features for 601 S Memorial Drive
General Information
- Standard status
- Active
- Size
- 5,441 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1962
Listing agency
Butterfly Realty Experts
(334) 315-9728
Listed by
Rachel A. Mitchell · License #0122729
(334) 315-9728
Source
Exitrealty
Added: Jun 13 Updated: Jul 23 at 4:26AM Checked: Jul 23 at 4:26AM
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 Butterfly Realty Experts
Investment Insights
Based on property information with market context.
This for-sale commercial building offers storefront space with convenient access and prominent road frontage along S. Memorial Drive. The offering is for the real estate only; the operating business currently occupying the property is not for sale and is not included in the purchase price.
The property is described as highly visible with strong traffic counts and ample parking. It is positioned near shopping, dining, and other established businesses in Prattville.
Buyer to verify all information deemed important, including zoning, lot dimensions, and suitability for intended use.
The property is described as highly visible with strong traffic counts and ample parking. It is positioned near shopping, dining, and other established businesses in Prattville.
Buyer to verify all information deemed important, including zoning, lot dimensions, and suitability for intended use.
Key Highlights
- Commercial building built in 1962 on S. Memorial Drive in Prattville
- Prominent road frontage on S. Memorial Drive
- Ample on‑site parking
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 | $91.4k | $16.80 |
| − Vacancy | −$5.1k | −$0.94 |
| EGI | $86.3k | $15.86 |
| − OpEx | −$25.9k | −$4.76 |
| NOI | $60.4k | $11.10 |
5,441 SF · lease $16.80/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$862.9K
$755.0K – $1.01M
NOI $60,403 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$987.2K – $1.32M
NOI $78,977 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Commercial building on S. Memorial Drive with ample parking and prominent road frontage in Prattville.
Where is this storefront property located?
The property is located at 601 S Memorial Drive Prattville, AL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Commercial building built in 1962 on S. Memorial Drive in Prattville; Prominent road frontage on S. Memorial Drive; Ample on‑site parking
