Historic Restaurant
For Sale
$249,900
6080 Alabama Highway 117, Mentone, AL 35984
COMMERCIAL - Mentone, AL
Property Size1,527 SF
Lot Size0.13 Acres
Price / SF$163.65
Days on Market69
Property Features for 6080 Alabama Highway 117
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Driveway, Parking Lot
Subdivision
Mentone Hotel Subdivision
Lot features
High Visibility
Directions
Downtown Mentone
Standard status
Active
APN
1008280001062.001
Size
1,527 SF
Lot size
0.13 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Flooring type
Wood
Roof type
Metal
Listing Agency:
Re/Max Property Center
(256) 997-9400
Listed By:
Annette Wright · License #73341
(256) 458-3739
Added: Jun 4
Changed: Aug 5
Last Checked: Aug 11 at 6:06PM
MLS# 21909427
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Investment Insights
Based on property information with market context.
Historic restaurant building located at 6080 Alabama Highway 117 in Mentone, AL, on a 0.13-acre lot. The property totals 1,527 square feet and was built in 1900. Interior finishes include wood flooring, and the roof is metal.
The site offers parking with a parking lot and driveway. Utilities include public water, with sewer served by a septic tank. The building includes two bathrooms.
Previously operated as local dining concepts, the space is suited for an owner-operator or a new restaurant concept seeking a ready-to-adapt historic setting on Alabama Highway 117.
The site offers parking with a parking lot and driveway. Utilities include public water, with sewer served by a septic tank. The building includes two bathrooms.
Previously operated as local dining concepts, the space is suited for an owner-operator or a new restaurant concept seeking a ready-to-adapt historic setting on Alabama Highway 117.
Key Highlights
- 0.13‑acre lot at 6080 Alabama Highway 117, Mentone, AL 35984
- 1,527 SF historic restaurant building built in 1900
- Wood flooring and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,040
$337.0K
Cap Rate 7%
$240,743
$240.7K
Cap Rate 9%
$187,244
$187.2K
Market Conditions
NOI Build-Up for 1,527 SF
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.
Gross rent
$24.4K $15.96/SF
− Vacancy
−$1.9K −$1.24/SF
EGI
$22.5K $14.72/SF
− OpEx
−$5.6K −$3.68/SF
NOI
$16.9K $11.04/SF
Area
DeKalb County, AL
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,040
Cap Rate 7%
$240,743
Cap Rate 9%
$187,244
Alternative Uses
Best Use
Specialty Retail
$240.7K
$210.7K – $280.9K
NOI $16,852 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$246.0K
$215.3K – $287.0K
NOI $17,220 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35984, AL
1,976
Population
1,378
Households
1.4
Avg Household Size
53
Median Age
31%
College-Educated
85%
High-School Grad
71.3 sq mi
ZIP Area
28
Density / Sq Mi
$39,375
Median Household Income
$36,632
Median Earnings
$107,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic Mentone restaurant with wood flooring, metal roof, public water, and septic service on a small lot.
Where is this conventional restaurant located?
The property is located at 6080 Alabama Highway 117 Mentone, AL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 0.13‑acre lot at 6080 Alabama Highway 117, Mentone, AL 35984; 1,527 SF historic restaurant building built in 1900; Wood flooring and metal roof
