Spacious Retail Showroom on
698 E Main Street Rainsville, AL 35986
698 E Main Street, Rainsville, AL, 35986
$1,500,000
For Sale
$1,500,000
10,000 SF retail showroom on 3.65 acres for sale.
Property Size10,000 SF
Lot Size3.65 Acres
Price / SF$150
Days on Market120
Property Features for 698 E Main Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 3.65 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2018
Listing Agency
EXIT Legacy Realty
(205) 901-2919
Listed by
Trenity Poe
(205) 901-2919
Source
Exitrealty
Added: Mar 20 Checked: Jul 16 at 7:55 am
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 EXIT Legacy Realty
Investment Insights
Based on property information with market context.
This commercial property features a 10,000 square foot building situated on 3.65 acres. The property includes an open and spacious retail showroom, a break room, storage area, and office, as well as a restroom. A fenced area is located at the back of the property for secure storage and convenience. The property also features a large parking lot with designated parking spots and a prominent sign out front. The Corn-N-Go equipment is through a lease and can be negotiated with the sale. This setup is suitable for a variety of businesses, providing space, parking, and visibility.
Key Highlights
- High‑traffic location ideal for business visibility.
- 10,000 sq ft building on 3.65 acres provides ample space.
- Large parking lot with designated spots.
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 | $96.0k | $9.60 |
| − Vacancy | −$9.6k | −$0.96 |
| EGI | $86.4k | $8.64 |
| − OpEx | −$25.9k | −$2.59 |
| NOI | $60.5k | $6.05 |
10,000 SF · lease $9.60/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$864.0K
$756.0K – $1.01M
NOI $60,480 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $112,770 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lydia's Ace Hardware
Building Supply
U-Haul Neighborhood Dealer
Car Rental Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Showroom - 10,000 SF retail showroom on 3.65 acres for sale.
Where is this showroom located?
The property is located at 698 E Main Street Rainsville, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑traffic location ideal for business visibility.; 10,000 sq ft building on 3.65 acres provides ample space.; Large parking lot with designated spots.
