Freestanding Retail
For Sale
Contact for pricing
7587 Highway 72 West, Madison, AL 35758
Freestanding retail building with 100 feet of Highway 72 frontage and ample parking for retail, office, or service uses.
Property Size2,400 SF
Lot Size0.40 Acres
Price / SF$312.50
Days on Market100
Property Features for 7587 Highway 72 West
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.40 Acres
Property subtype
Retail, Mixed Use
Zoning
Not zoned
Site & Location
Traffic Count
42,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1986
Buildings
1
Listing Agency:
Taylor Properties
Listed By:
Dustin Taylor · License #AL 86399
(256) 683-3876
Source:
Crexi
Added: May 30
Changed: Aug 14
Last Checked: Sep 5 at 3:23PM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This freestanding retail building offers approximately 2,400 square feet of flexible interior space on 0.40 acres. The property includes 100 feet of frontage on Highway 72 and is designed to support a range of commercial service and showroom-style layouts. With convenient on-site parking, the building is straightforward to access for both customers and staff.
The location places the property near the intersection of Nance Road on a heavily traveled roadway with stated traffic of over 42,000 VPD. The substantial frontage provides strong street presence along Highway 72, supporting retail visibility and customer approach from the main corridor.
The configuration and high-visibility frontage make this building practical for an owner user looking to establish a presence, as well as for investors evaluating a commercial asset suitable for retail, office, showroom, or service-oriented operations. The combination of flexible space, convenient access, and ample parking supports a variety of tenant concepts seeking signage and customer traffic exposure from Highway 72.
The location places the property near the intersection of Nance Road on a heavily traveled roadway with stated traffic of over 42,000 VPD. The substantial frontage provides strong street presence along Highway 72, supporting retail visibility and customer approach from the main corridor.
The configuration and high-visibility frontage make this building practical for an owner user looking to establish a presence, as well as for investors evaluating a commercial asset suitable for retail, office, showroom, or service-oriented operations. The combination of flexible space, convenient access, and ample parking supports a variety of tenant concepts seeking signage and customer traffic exposure from Highway 72.
Key Highlights
- Freestanding 2,400 SF retail building built in 1986 on 0.40 acres
- 100 feet of frontage on Highway 72 near Nance Road intersection
- High‑traffic Highway 72 location with over 42,000 VPD
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
$29,333
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
3.91%
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%
$586,660
$586.7K
Cap Rate 7%
$419,043
$419.0K
Cap Rate 9%
$325,922
$325.9K
Market Conditions
NOI Build-Up for 2,400 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
$43.2K $18.00/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$41.9K $17.46/SF
− OpEx
−$12.6K −$5.24/SF
NOI
$29.3K $12.22/SF
Area
Madison County, AL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$586,660
Cap Rate 7%
$419,043
Cap Rate 9%
$325,922
Alternative Uses
Best Use
Retail
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.0K
$546.8K – $729.1K
NOI $43,747 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
42,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
432k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Shops & Services 22%
Dining 19%
Home Improvements & Furnishings 11%
Academy Sports + Outdoors
Apparel
53,782 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
52,685 visits/mo
0.4 miles
T.J. Maxx
Apparel
52,666 visits/mo
0.3 miles
Kohl's
Apparel
47,449 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
42,072 visits/mo
0.4 miles
Demographics for 35758, AL
48,192
Population
20,322
Households
2.4
Avg Household Size
38
Median Age
64%
College-Educated
98%
High-School Grad
27.2 sq mi
ZIP Area
1,772
Density / Sq Mi
$115,780
Median Household Income
$61,321
Median Earnings
$1,375
Median Rent
$336,700
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?
Retail space - Freestanding retail building with 100 feet of Highway 72 frontage and ample parking for retail, office, or service uses.
Where is this retail space located?
The property is located at 7587 Highway 72 West Madison, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Freestanding 2,400 SF retail building built in 1986 on 0.40 acres; 100 feet of frontage on Highway 72 near Nance Road intersection; High‑traffic Highway 72 location with over 42,000 VPD
