Gas Station with Existing
For Sale
$129,000
7057 Us Highway 78 E, Anniston, AL 36207
Former convenience store with an in-place cooler and substantial interior contents requiring work.
Property Size1,262 SF
Price / SF$102.22
Days on Market52
Property Features for 7057 Us Highway 78 E
General Information
Standard status
Active
Size
1,262 SF
Property Condition
Severity
Minor
Evidence
Needs Work!
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$307
Listing Agency:
Karen Steed Real Estate
(678) 521-3585
Listed By:
Karen A Steed · License #241717
(678) 521-3585
Source:
Exprealty
Added: Jun 23
Changed: Aug 13
Last Checked: Aug 13 at 2:18AM
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
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.
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 = 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
$11,285
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
8.75%
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%
$225,700
$225.7K
Cap Rate 7%
$161,214
$161.2K
Cap Rate 9%
$125,389
$125.4K
Market Conditions
NOI Build-Up for 1,262 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
$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 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%
$225,700
Cap Rate 7%
$161,214
Cap Rate 9%
$125,389
Alternative Uses
Best Use
Specialty Retail
$161.2K
$141.1K – $188.1K
NOI $11,285 @ 7.0% cap · market cap 8.75%
Second Best
Retail
$129.5K
$113.3K – $151.1K
NOI $9,064 @ 7.0% cap · market cap 7.03%
Theoretical Best
Healthcare Medical
$194.0K
$169.8K – $226.4K
NOI $13,581 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 Highway 78 E 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
