Building Details

Year Built 1960

Listing Agency: Karen Steed Real Estate

Listed By: Karen Steed · License #241717 Show Phone

Source: Jetsetrealty

Added: Aug 12 Changed: Oct 25 Last Checked: Oct 5 at 9:22PM

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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 Karen Steed Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This gas station property includes a former convenience store building with an interior cooler that remains in place. The building contains items left by the prior tenant and requires work before a new operation can open. Old gas tanks are still located outside the structure.

The property carries an Anniston address along US Highway 78 E, positioned east of Choccolocco Creek and west of the Highlands. Red Hot Recycling is adjacent to the property, and the site is identified as serving traffic along Highway 78.

Key Highlights

• Former convenience store building with cooler still in place
• Old gas tanks remain outside the building
• Interior contains items left by the previous tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,285

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$225,700 $225.7K

Cap Rate 7%

$161,214 $161.2K

Cap Rate 9%

$125,389 $125.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,262 SF

Gross rent

$16.4K $12.96/SF

− Vacancy

−$1.3K −$1.04/SF

EGI

$15.0K $11.92/SF

− OpEx

−$3.8K −$2.98/SF

NOI

$11.3K $8.94/SF

Area

Calhoun County, AL

Vacancy

8.00%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$225,700

Cap Rate 7%

$161,214

Cap Rate 9%

$125,389

Alternative Uses

Best Use

Specialty Retail

$161.2K

$141.1K – $188.1K (±1% cap)

NOI $11,285 @ 7.0% cap · market cap 8.75%

Second Best

Retail

$129.5K

$113.3K – $151.1K (±1% cap)

NOI $9,064 @ 7.0% cap · market cap 7.03%

Theoretical Best

Healthcare Medical

$194.0K

$169.8K – $226.4K (±1% cap)

NOI $13,581 @ 7.0% cap · market cap 10.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Gas stations

Suggested Use

Top Pick Plumbing Service Auto Parts Store Kitchen & Bath Showroom Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 36207, AL

19,553

Population

9,260

Households

2.1

Avg Household Size

44

Median Age

32%

College-Educated

90%

High-School Grad

74.8 sq mi

ZIP Area

261

Density / Sq Mi

$70,090

Median Household Income

$39,898

Median Earnings

$890

Median Rent

$195,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - Former convenience store with an in-place cooler and substantial interior contents requiring work.

Where is this gas station located?

The property is located at 7057 Us Hwy 78 Anniston, AL.

What is the asking price?

The asking price for this property is $129,000.

What are key features of this property?

This property features: Former convenience store building with cooler still in place; Old gas tanks remain outside the building; Interior contains items left by the previous tenant